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1 minute read
PPEC needs your help locating past members!
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PPEC, like all cooperatives, is a not-for-profit electric cooperative. At the end of each fiscal year, all revenue in excess of operating costs and expenses is paid by credit to a capital account for each member in proportion to the capital the member invested. Notification is sent to the members of the amount of capital credited to their account.
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As the board of trustees determines that the financial condition of the co-op is stable, a portion of the capital credits is returned to the members. Capital credits checks are mailed to the last known address that we have on file.
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We need your help to locate these members so they can receive the refunds due to them. These former members’ refunds were returned “undeliverable” by the U.S. Postal Service.
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If you recognize a name on the list, notify the person. If the person is deceased, let one of their relatives know about the unclaimed check. A list of individuals and businesses that have unclaimed capital credits can be found on the co-op’s website, PPEC.coop/capitalcredits or by stopping into the office.
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