Close Menu
  • Home
  • Subscribe
  • Current Edition
  • Store Locations
  • Photo Albums
  • Rate Card
  • Classifieds
  • Submit News
Facebook X (Twitter) Instagram YouTube
Facebook X (Twitter) Instagram YouTube
Sunday, July 6
The Village Reporter
  • Home
  • Subscribe
  • Current Edition
  • Store Locations
  • Photo Albums
  • Rate Card
  • Classifieds
  • Submit News
Facebook X (Twitter) Instagram
The Village Reporter
Subscribe & Renew
Home»News»PPEC & NWEC Return More Than $3 Million To Member-Owners Over The Holidays
News

PPEC & NWEC Return More Than $3 Million To Member-Owners Over The Holidays

December 27, 2021No Comments2 Mins Read


BRYAN AND PAULDING, OH — Member-owners of North Western Electric Cooperative (NWEC) and Paulding Putnam Electric Cooperative (PPEC) will see a lower electric bill around the holidays.

This month, NWEC is returning $732,432 while PPEC is returning $2.3 million to current and former members. Eligible co-op member-owners will receive the refund as a credit on their electric bill or as a separate check in December. These capital credits represent the cooperative’s margins, or money left over after all bills have been paid.

As not-for-profit community-focused organizations, co-ops like NWEC and PPEC use these margins for investments, such as building or replacing power lines, transformers, and other electric system upgrades to meet member-owners’ evolving needs. This helps keep the co-op’s service reliable.

“PPEC members contribute a portion of the capital necessary to grow the co-op and upgrade electric reliability,” stated PPEC President and CEO George Carter. “Eventually, as the co-op is financially able to do so, the board approves the capital be returned, or ‘retired’ back to those members who contributed it originally.”

Capital credits represent each co-op member’s ownership — or equity — in his or her cooperative. This member-owned business model is what sets electric co-ops apart from municipals or investor-owned utilities.

“We return the money to member-owners around the holidays because that’s when many people need it the most – especially this year with many member-owners struggling due to COVID-19,” said NWEC President/CEO Darin Thorp.

To learn more about capital credits, contact your local electric cooperative. For NWEC, call 800-647-6932 or visit www.nwec.com. For PPEC, call 800-686-2357 or visit www.ppec.coop.


 

Share. Facebook Twitter Pinterest Email
Previous ArticleNorthwest State Community College & Partners Announce Seven Graduates Of Intro To Welding
Next Article NSCC Fall Commencement Ceremony Awards 146 Degrees / Certificates

Related Posts

Independence Day Tradition Takes Flight At Williams County Airport

July 5, 2025

Hundreds Celebrate Independence Day At Kunkle’s Annual Parade

July 5, 2025

Northwest Ohio Sees Job Surge As Amazon Launches New Facility

July 4, 2025

Communities Of Swanton & Wauseon Celebrate 4th Of July

July 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Login
 
 
Forgot Password
Account
  • Login
Sponsored By
Copyright 2012-2025: Northwest Ohio Publishing LLC
  • Home
  • Subscribe
  • Current Edition
  • Store Locations
  • Photo Albums
  • Rate Card
  • Classifieds
  • Submit News

Type above and press Enter to search. Press Esc to cancel.