PGEC Board Returns Capital Credits

PGEC Board Returns Capital Credits

December, 2018 - The Cooperative’s Board of Directors approved the refund of capital credit allocations to Cooperative members who received electric service in  1986,  1987, 1988, 1989, 1990, 1996 and /or 2017 with refunds totaling $894,467. 

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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