There are many advantages to being a member of an electric cooperative. Membership includes a voting voice at the district and annual meetings, rebates and Capital Credits.

You may have noticed the “Cooperative Advantage Rebate” on your December or January IEC electric bill. Like most well-run businesses, IEC’s annual revenue generally exceeds its expenses. The cooperative advantage, unlike other businesses, means that members share in this excess revenue (profit). Electric cooperatives are owned by the members they serve and excess revenue is returned to its members based on the amount of power they purchased from the cooperative during the previous year. We call these returned margins “capital credits.” Capital credits are the cooperatives usual way of returning excess revenue to the membership.

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