PEC To Distribute $12.1 Million In Capital Credits To Members
“PEC is pleased to report the positive financial conditions that allow us to return these margins to our members,” PEC Chief Financial Officer John Davis said. “This is more than an annual bill credit — it’s the cooperative difference at work.”
Staff Reports
On Friday, November 30, Pedernales Electric Cooperative (PEC) announced the company will distribute $12.1 million in capital credits to its members this December.
The 2018 distribution was approved Nov. 19 after the PEC Board of Directors reviewed the cooperative’s fiscal health and determined the amount would not result in any adverse impact.
“PEC is pleased to report the positive financial conditions that allow us to return these margins to our members,” PEC Chief Financial Officer John Davis said. “This is more than an annual bill credit — it’s the cooperative difference at work.”
Members will receive more information about capital credit distributions with their December bill. Additional information is also available at pec.coop/capital-credits or by calling PEC’s capital credits line at 800-230-2207.
