PGEC Board Returns Capital Credits

PGEC Board Returns Capital Credits

The Cooperative’s Board of Directors approved the refund of capital credit allocations to Cooperative members who received electric service in 1985, 1986, 1995 and/or 2016 with refunds totaling $595,075.

The refund of capital credits is one of the benefits provided to you as a member/owner of the Cooperative.  Mike Malandro, president and CEO, comments, “On behalf of the Board of Directors, we are pleased that your Cooperative is able to maintain reasonable electric rates and return capital credits to our members.”

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