As a member-owned electric cooperative, BEMC operates without a profit motive. After covering expenses and planning for the future, we periodically return revenue to the membership in the form of capital credits.
These checks are mailed out generally every two years, and the formula for distribution is based on prior years of operation and member consumption. In October, we mailed checks to members based on 100% of their usage for 2001, and 3.3% of their usage from 2002 to 2022. The total amount was nearly $5 million returned to the membership.
To ensure you receive notice of capital credits owed to you, please update your contact information by completing the address change form through SmartHub or by calling customer service at 800-842-5871, Monday through Friday from 8 a.m. to 5 p.m.
