{"id":42415,"date":"2023-12-13T07:35:00","date_gmt":"2023-12-13T12:35:00","guid":{"rendered":"https:\/\/www.westbendnews.net\/autonews\/?p=42415"},"modified":"2023-12-11T14:22:14","modified_gmt":"2023-12-11T19:22:14","slug":"ppec-returns-2-5-million-to-members-in-capital-credits","status":"publish","type":"post","link":"https:\/\/www.westbendnews.net\/autonews\/ppec-returns-2-5-million-to-members-in-capital-credits\/","title":{"rendered":"PPEC returns $2.5 million to members in capital credits"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"318\" height=\"305\" loading=\"lazy\" src=\"https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2023\/12\/PPEC-lowers-bills.jpg?resize=318%2C305&#038;ssl=1\" alt=\"\" class=\"wp-image-42416\" style=\"width:225px\" srcset=\"https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2023\/12\/PPEC-lowers-bills.jpg?w=318&amp;ssl=1 318w, https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2023\/12\/PPEC-lowers-bills.jpg?resize=260%2C249&amp;ssl=1 260w, https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2023\/12\/PPEC-lowers-bills.jpg?resize=160%2C153&amp;ssl=1 160w\" sizes=\"auto, (max-width: 318px) 100vw, 318px\" \/><\/figure>\n\n\n\n<p>Many Paulding Putnam Electric Cooperative (PPEC) members will see a lower electric bill around the holidays. This month, the local electric cooperative is returning nearly $2,500,000 in prior year margins to over 23,000 current and former members.<\/p>\n\n\n\n<p>Eligible co-op members will see a credit on their December electric bill. The money is being returned to members in the form of capital credits.<\/p>\n\n\n\n<p>As a not-for-profit community-focused organization, PPEC uses these margins for investments, such as building or replacing power lines, transformers, and other electric system upgrades to meet members\u2019 evolving needs.<\/p>\n\n\n\n<p>After being used as working capital, the money is returned to members. It represents each co-op member\u2019s ownership \u2014 or equity \u2014 in his or her cooperative. Capital credits are allocated to members in proportion to the dollar amount of electricity used.<\/p>\n\n\n\n<p>This month\u2019s payment will go to those who used PPEC\u2019s service from 1990-2022.<\/p>\n\n\n\n<p>Including this year\u2019s capital credits return, PPEC has returned more than $34 million to its members.<\/p>\n\n\n\n<p>&#8220;This patronage cash back demonstrates that PPEC members are not just customers; they are members and part-owners of their electric cooperative,&#8221; said Board Chairman Steve McMichael. &#8220;Paulding Putnam Electric Co-op belongs to the communities we serve. Members have equity ownership in our physical assets \u2014 and receive a financial return on those assets, unlike customers of other utilities.&#8221;<\/p>\n\n\n\n<p>Anyone with questions about their capital credits refund should call PPEC at 1-800-686-2357.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many Paulding Putnam Electric Cooperative (PPEC) members will see a lower electric bill around the holidays. This month, the local<\/p>\n","protected":false},"author":3,"featured_media":42416,"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":[2230,6],"tags":[20683,10834,1995],"class_list":["post-42415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-community","category-community","tag-capital-credits","tag-paulding-putnam-electric-cooperative","tag-ppec"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2023\/12\/PPEC-lowers-bills.jpg?fit=318%2C305&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2YQd9-b27","jetpack-related-posts":[],"jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-27 05:25:36","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\/42415","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=42415"}],"version-history":[{"count":2,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/42415\/revisions"}],"predecessor-version":[{"id":42418,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/42415\/revisions\/42418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media\/42416"}],"wp:attachment":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media?parent=42415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/categories?post=42415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/tags?post=42415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}