Earlier this spring, nearly 97 percent of Randolph EMC members received a check or bill credit for their share of the annual general capital credits retirement.

This marks the second year in a row that the Board of Directors voted to accelerate the retirement of $2.5 million in capital credits, nearly two months ahead of schedule. The Board committed to these actions to put you, the member-owner, first.

How Do Capital Credits Work?

Because electric co-ops operate at cost, excess revenues are returned to you in the form of capital credits. To date, Randolph EMC has returned more than $52 million to members!

As members of Randolph EMC, you are not a customer. You are an owner of this cooperative. This is a difference that sets Randolph EMC apart from other electric utilities. As member-owners, you are entitled to share in any excess revenue left over at the end of each year. The capital credit refund is just one example of the cooperative difference.

At Randolph EMC, we count it a privilege to touch the home of every member in a positive way. Our core values of integrity, accountability, innovation, and community involvement guide us in every decision we make. You, our member-owners, are our top priority. We appreciate the opportunity to serve you.