It’s not every day that consumers get money back by doing business with a successful organization.
That’s the case this year for members of a CSRA cooperative.
Many of the 30,000 utility members of Jefferson Energy Cooperative will be sharing in a return of more than $4.5 Million. These capital credits will be divided amongst the members based on their electricity usage, if they had service in 2025. Most will receive the credits on their August bill.
Traditionally, JEC retires capital credits on an average rotation of approximately 25 years. However, due to significant positive financial developments in 2025, JEC’s Board of Directors approved an accelerated retirement of a portion of the capital credits allocated to members from 2025.
“This return represents more than a financial benefit,” said JEC officials. “It reflects our commitment to responsible stewardship, financial strength, and serving our members first.” – Wayne A. Gossage Jr., President & CEO, Jefferson Energy Cooperative.
The announcement was made at the 89th Annual Meeting of the members on July 21st at Jefferson County High School.
Unlike investor-owned utilities, electric cooperatives operate for the benefit of their members, making capital credit retirements one of the unique advantages of cooperative membership. Jefferson Energy Cooperative is a member-owned electric cooperative providing electricity and related services to over 30,000 members in parts of eleven counties in the CSRA since 1937.
