{"id":31343,"date":"2020-12-18T16:30:00","date_gmt":"2020-12-18T21:30:00","guid":{"rendered":"https:\/\/www.westbendnews.net\/autonews\/?p=31343"},"modified":"2020-12-15T16:28:36","modified_gmt":"2020-12-15T21:28:36","slug":"paulding-putnam-electric-cooperative-ppec-returns-2-2-million-to-members","status":"publish","type":"post","link":"https:\/\/www.westbendnews.net\/autonews\/paulding-putnam-electric-cooperative-ppec-returns-2-2-million-to-members\/","title":{"rendered":"Paulding Putnam Electric Cooperative (PPEC) Returns $2.2 MILLION to Members"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Paulding, OH- Paulding Putnam Electric (PPEC) members will see a lower electric bill around the holidays. That\u2019s because PPEC\u2019s Board of Trustees recently approved to return $2.2 million to the cooperative\u2019s current and former members. Eligible members will see a credit on their December electric bill. The money is being returned to members in the form of capital credits, also known as profits or margins.<\/p>\n\n\n\n

PPEC is a not-for-profit, community-focused organization. One of PPEC\u2019s 7 Cooperative Principles is \u201cMembers\u2019 Economic Participation,\u201d which means members contribute equitably to the capital of the co-op in which they are part-owners. The unique part of the co-op model means members also receive a financial return on their capital.<\/p>\n\n\n\n

\u201cSimply put, this means that PPEC members contribute a portion of the capital necessary to grow the co-op and upgrade electric reliability,\u201d stated PPEC President and CEO George Carter. \u201cEventually, as the co-op is financially able to do so, the board approves the capital be returned, or \u2018retired\u2019 back to those members who contributed it originally.\u201d<\/p>\n\n\n\n

Including this year\u2019s capital credits return, PPEC has returned more than $27 million to its members. According to Carter, this process is what sets PPEC apart from other utilities.<\/p>\n\n\n\n

\u201cWe\u2019re not in business to make a profit for shareholders \u2013 we don\u2019t have any because of our co-op model,\u201d Carter said. \u201cIf there is leftover money, we give it back to members. We return the money to members around the holidays because that\u2019s when many people need it the most \u2013 especially this year with many members struggling due to COVID-19.\u201d<\/p>\n\n\n\n

Anyone with questions about their capital credits refund should call PPEC at 1-800-686-2357.<\/p>\n\n\n\n

Paulding Putnam Electric Cooperative is a member-owned electric utility serving over 12,900 member-owners in Paulding, Putnam, Defiance, Van Wert and Allen counties in Ohio, and Adams and Allen counties in Indiana. For more information, visit www.PPEC.coop or follow the community cooperative on Facebook, Instagram, YouTube, or Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paulding, OH- Paulding Putnam Electric (PPEC) members will see a lower electric bill around the holidays. That\u2019s because PPEC\u2019s Board<\/p>\n","protected":false},"author":3,"featured_media":31345,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","nf_dc_page":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-31343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2020\/12\/Capital-credits-check-your-December-bill-PPEC-2020.png?fit=666%2C666&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2YQd9-89x","jetpack-related-posts":[],"jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-29 13:12:34","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/31343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/comments?post=31343"}],"version-history":[{"count":0,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/31343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media\/31345"}],"wp:attachment":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media?parent=31343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/categories?post=31343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/tags?post=31343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}