Report Outage: (254) 527-3551
Image
Capital Credits
One of the Benefits of Being a Member-Owner
At Bartlett Electric Cooperative (BEC), you're more than a customer. You're a member-owner.
As a member-owned, not-for-profit electric cooperative, BEC operates for the benefit of the people we serve, not outside shareholders. One of the ways members share in the financial benefits of cooperative ownership is through capital credits.
Capital credits represent a member's allocated share of the cooperative's operating margins. These funds help maintain and improve our electric system and may be returned to members when financially appropriate and approved by the Board of Directors.
How Capital Credits Work
Each year, Bartlett Electric Cooperative collects revenue to purchase electricity, maintain equipment, make system improvements, and provide reliable electric service.
When revenues exceed operating expenses, the remaining margins may be allocated to eligible members based on their use of the cooperative.
Image
Allocation
Your share of the cooperative's operating margins is calculated and recorded in your name. This is called a strong capital credit allocation.
Image
Reinvestment
Allocated capital credits remain with the cooperative to help maintain infrastructure, strengthen the electric system, and support future improvements.
Image
Retirement
When the cooperative's financial position allows, the Board of Directors may approve the return of capital credits to members. This is called a capital credit retirement.
Keep Your Account Information Current
Whether you're a current member or have moved out of Bartlett Electric Cooperative's service area, keeping your contact information updated is important.
Accurate information helps BEC deliver capital credit payments, notices and other important cooperative communications.
Please review your mailing address, phone number and email address in SmartHub. If you move or discontinue electric service, be sure to provide a forwarding address.