C & L Electric Cooperative
Capital credits returned to members C & L Electric Cooperative’s General Manager/CEO is pleased to announce that the Board of Directors has authorized the refund of 10% of 1997 capital credits and 100% of 2008 capital credits. The total amount of the refund is approximately $746,712 and brings the total amount refunded to members since the beginning of the cooperative to over $17,900,000. Any refund less than $10 will be credited to the member’s electric bill. Checks will be Co-op members mailed for amounts over $10 prior to C & L Electric use electricity June 15. tracks members’ provided by C & L Your capital credit is the amount electricity use and Electric. you pay for electricity more than payments. the cost to the cooperative in providing your service. The capital accumulates, and when the financial condition of Checks are the cooperative permits, the issued to Board of Directors authorizes qualifying C & L a refund. members. The Board of Directors and management of C & L Year-end Electric Cooperative are proud accounting that the Cooperative is able to and audit are return capital credits payments. completed. Financial We make every effort to continue obligations of the furnishing dependable service at the co-op are met. Board approves the lowest possible cost. This is another portion of the margins advantage of being a consumer-member to be distributed to the of C & L Electric Cooperative Corporation.
$
CAPITAL CREDITS
members as credits.
HOLIDAY CLOSING The offices of C & L Electric Cooperative will be closed Monday, May 30 in observance of Memorial Day. Have a safe and happy holiday!
22
MAY 2022
C & L ELECTRIC COOPERATIVE