A CREDIT TO OUR MEMBERS

Your share of capital credits for 2023 will be applied as an energy credit on May’s bill

It pays to be a member! Being a member of an electric cooperative comes with unique benefits. One of the sweetest benefits arrives in the form of an energy credit on May’s electric bill! This year, Mid-Ohio Energy is returning $566,000 in capital credits back to members.

As a member-consumer of Mid-Ohio Energy, you own a portion of the business. And one benefit of that membership involves the allocation of excess revenue, called margins, in the form of capital credits.

You receive electric service at cost and we collect revenue to run and grow the organization without a need to generate profits for investors or distant shareholders.

We first use the money as working capital, investing it in new poles, wire, transformers, substations, and other infrastructure, in order to provide a reliable supply of costeffective electric power. When the revenue exceeds those costs, that money accrues, is allocated to members, and then credits are retired — or paid back — to you as it is financially feasible.

Last year, Mid-Ohio Energy paid out estates totaling nearly $488,000, for a total patronage refunded amount of more than $1 million!

Similar to past years, members will be receiving their retired capital credits in the form of an energy credit applied directly to their account. This credit will appear on the bill generated and mailed in May (for energy used in April).

Capital credits are a way to show our appreciation of your patronage and support of the cooperative. We hope you enjoy this truly uniqe benefit of cooperative membership.

How capital credits work

Accrual: As you use electricity through the year, Mid-Ohio Energy keeps track of your amount paid.

Allocation: Any excess margins are allocated back to you as the board of trustees approves. In 2023, a total of $1.96 million was allocated to members for 2022. Your share of this allocation is added to your existing patronage balance.

Retirement: As possible, the board of trustees decides to pay out a portion of the allocated patronage.

Once your amount is determined, you receive an energy credit on your bill!

YOUR SHARE OF CAPITAL CREDITS FOR 2023 WILL BE LISTED ON YOUR MONTHLY STATEMENT AS “GENERAL RETIREMENT CREDIT.”

THE AMOUNT LISTED IS APPLIED DIRECTLY AS AN ENERGY CREDIT TO YOUR ACCOUNT.