Tri-County Electric Cooperative is a not-for-profit entity. Each year, the Board of Directors will allocate and retire margins to the membership.
Allocation
Each year, the Board of Directors will allocate net margins, any funds remaining after all expenses are paid for the year, to the membership. Allocation is based on pro rata sales to each active member-owner during the calendar year over the total sales for the same period.
Retirement
Each year, the Board of Directors will evaluate the financial health of the Cooperative and retire capital to the membership. Patronage is returned either by bill credit or check.
Tri-County Electric Cooperative retires Capital Credits on a first in, first out basis. This means patronage from our early years are retired back to the membership first. We have returned patronage in the form of Capital Credits to active and former member-owners who received service through the year 2000.
To date, Tri-County Electric Cooperative has returned over $50 million to member-owners!