Does CCEC make a profit on the rates it charges?
No. And certainly not in the standard sense of profits taken by a company, paid only to shareholders. By definition a cooperative is a private, not-for-profit corporation. Through rates, CCEC collects the revenue it needs to pay for the cost of wholesale power purchased for your use, the cooperatives fixed costs and the costs to deliver electricity to you. We do, however, collect enough to create a reasonable margin which is held to protect the membership from losses, provide the funds to invest in additional plant or electric facilities and to maintain our tax-exempt status. Depending on an electric cooperatives financial situation, any margin or revenue considered excess may be returned to members in the form of capital credits or, in some cases, rebates, as CCEC was able to do last December.
