Notice of capital credit disbursement

Posted on Jan 07 2020 in Warren County REMC
Photo of moneybag

Warren County REMC Is an electric distribution cooperative owned by our members. Equity accumulates on each REMC account when revenues exceed the cost of doing business, termed capital credits. 

After a time determined by the board of directors, capital credits from each account are allocated or retired to the  accountholder or his/her heirs. In December, Warren County REMC disbursed capital credits from our power supplier, Wabash Valley Power Alliance in the amount of $140,911.95 for the years 2003 to 2005 and a portion of 2006. 

Current accounts active during the years specified, received their capital credits payout as a credit on their December billing. Inactive accounts with accrued capital credits over $20, were issued checks to the accountholders or designated agents of the accounts. Please note: the checks are valid for 90 days from the date of issuance.

Any questions concerning capital credits should be directed to Warren County REMC at 765-762-6114.