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Home / Your Cooperative / Current Light Flashes

You Get the Credit - Capital Credits, That Is

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RussellDunaway

Russell Dunaway, Executive VP & CEO

For helping build, sustain and grow your local electric cooperative, you get the credit – capital credits, that is. In March, West Florida Electric Cooperative will retire capital credits in the amount of $635,631.39 to our members across the four counties served by the co-op.

You might be wondering whatcapital credits are. Since WFEC is not-for-profit, any funds left over after bills have been paid go into a capital credits account for each co-op member. Then, as your board of trustees determines the co-op is in good financial shape, this capital is paid to the members.

Capital credit refunds are to you (our members) what dividends are to stockholders at for-profit companies, a return of capital. Our goal is to provide you with electricity at a price that is as close to cost as possible. That way, more of your money stays in your pocket up front.

This year, those who were members in 1991 and for the first six months of 1992 will receive capital credits through a check in the mail – approximately 8,613 checks will be mailed this year. This reflects the member’s investment in the cooperative being returned on a 25 year rotation. 51086001

Those funds have helped us keep our rates reasonable, reduced the amount of money we needed to borrow from outside lenders and to build, maintain and expand a reliable electric distribution system.

The Board of Trustees and I are pleased to be able to return capital to our members. As we are celebrating our 80th year of operation this year, we have returned 55 years of accumulated capital credits.

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  • Understanding Your Bill
  • Ways To Pay or Receive Your Bill
  • Ways to Reduce Your Bill
  • View Your Account
  • Modify Your Account
  • Levelize Your Bill
  • EZ Pay Power (Prepaid)

Your Electric Service

  • Apply for Service
  • Disconnect Your Service
  • Transfer Your Service
  • Mobile Apps
  • Service Requirements
  • View Current Outages
  • Dual Service Requirements
  • Line Extension
  • Tree Trimming/Right-of-Way

Your Cooperative

  • Mobile Apps
  • Products and Services
  • Current Light Flashes
  • Capital Credits
  • Economic Development
  • Electrical Safety
  • Youth Tour Competition
  • Community Involvement
  • The Cooperative Difference
  • Outdoor Lighting
  • Medically Essential Service
  • WFEC Member Survey
  • Solar Energy

Save Energy, Save Money

  • Energy Audits
  • Together We Save
  • Manufactured Home Program
  • H2O Plus
  • DIY Energy Savings Tools
  • Customized Home Energy Report
  • Relief Agencies Assisting with Bill Payments

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  • Board of Trustees
  • Board Meeting Minutes
  • Touchstone Energy
  • Executive Staff
  • History
  • Company Overview
  • Statement of Nondiscrimination
  • Bonifay District Office
  • Graceville District Office
  • Sneads District Office
  • Electric Rates
  • Fees
  • WFEC Bylaws
  • Careers

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