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Capital Credits/Estate Retirements

Understanding Capital Credits
Capital Credits are margins credited to members (patrons) of the Cooperative based on their relative purchases from the Cooperative. Your Cooperative, as a customer (member) owned business, does not issue stock as do investor-owned utilities, so Capital Credits are used by the Cooperative as its primary equity base, then paid back to the Membership as financial conditions permit. Capital Credits reflect each Member's ownership in the Cooperative.

General Retirement:

  • When financial conditions allow, a Capital Credit General Retirement amount will be recommended to the Board of Directors for approval annually.
  • Inactive members will be mailed a check.
  • Active members will receive a bill credit.


Note: If you have moved outside of PGEC’s service area, it is extremely important that you continue to provide us with an updated address. This will ensure that you will continue to receive any General Retirement checks that are owed to you.

Click here for the 2022 Unclaimed List 
Click here for the 2021 Unclaimed List


If your name is on this list, please complete the Capital Credit Refund Inquiry Form. This will allow us to update your contact information and reissue any unclaimed capital credits.

Estate Retirement:

  • Capital Credits of a deceased member can be Estate Retired at a discount by an Estate Representative. 
  • The Estate Representative must complete the following questionnaire to determine the appropriate form and required documents needed to continue the Estate Retirement process.
  • Click the link to be directed to the Capital Credit Questionnaire.
  • Once you have determined the appropriate form, please complete and submit it with the required documents to:

Prince George Electric Cooperative
P.O. Box 168
Waverly, VA 23890
Attn: Capital Credit

 

Note: There is a 120-day waiting period after the date of death before PGEC can issue an Estate Retirement check.

 

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Connect with PGEC

Prince George Electric Cooperative 
7103 General Mahone Highway
P.O. Box 168
Waverly, VA 23890

Phone: 804-834-2424
Fax: 804-834-8217
info@pgec.coop 

©2023 Prince George Electric Cooperative. Electric Utility Provider in Waverly, Virginia.

  • My Account
    • Residential Services
    • Business Services
    • Billing & Payment
    • Capital Credits/Estate Refunds
    • FAQ
  • Outages
    • Outage Map
    • Prepare
    • Outage Texting
  • Energy Solutions
    • Energy Resource Center
    • Electric Vehicles
    • Energize Efficiently
    • Change That Filter!
    • Energy Solutions
    • Landscaping Tips
  • Safety
    • Safety at Home
    • Spotting Safety Hazards
    • Miss Utility 811
    • Generator Safety
    • Kids Korner
  • My Co-op
    • Cooperative News
      • Cooperative Living Magazine
      • Annual Reports
      • Press Releases
    • My Community
      • ROC Solid Partnership
      • Round Up for Education
      • VMDAEC Scholarship
      • 2022 National Co-op Month - Adopt A Highway Program
      • 2023 Youth Tour Application
    • Annual Business Meeting
      • 2022 Annual Meeting
      • 2021 Annual Meeting
  • About Us
    • About PGEC
    • Board of Directors
    • Management Team
    • Rates & Legal
    • Careers
    • Cooperative Principles
    • Mission Statement
  • Broadband
    • Advantages of Fiber Optic
    • Construction Process
  • Contact Us