PRECorp announces capital credit refund
December 22, 2022
Powder River Energy has announced that it will be issuing almost $20 million in capital credit retirements this year.
The cooperative describes these credits as one of the major benefits of being a member and say they reflect one of the seven principles of a cooperative: member economic participation.
Each year, all revenue that has been received in excess of the expenses for that year is allocated to members as a capital contribution based on their power purchased.
The unretired amount in a member’s capital credit account represents the value of ownership in the cooperative and is return...