At the November board meeting, the Hancock-Wood Electric board of trustees approved to retire more than $2.3 million back to the cooperative members. A benefit of your membership is capital credits, which are usually issued or returned to you in December. The amount refunded each year is determined by our board and is a percent of the total in your capital credit account. If you are a current member, you will see this as a credit on your energy bill. If you are a past member who is owed patronage capital, you will receive this refund in the form of a check.
Learn more about capital credits here.