This topic was featured in the February 2024 Kansas Country Living Centerspread.
Prairie Land Electric is an electric cooperative owned by the members we serve. As a not-for-profit entity, any revenues in excess of operating costs and expenses are considered as margins, also known as capital credits.
One of the benefits of being a member of Prairie Land Electric Cooperative is you share in the margins the cooperative earns through the allocation and retirement of capital credits.
This year, Prairie Land Electric Cooperative, Inc. is retiring capital credits to its members through check payments or bill credits in February. The 2024 general retirement retires all distribution capital credits from 1999 and 2000 as well as 1.98% of Sunflower Electric and 6.04% of Mid-Kansas Electric generation and transmission allocations for all years.
The decision to retire capital credits is made by the board of trustees, in accordance with the bylaws of the cooperative, as they strive toward keeping rates as low as possible while managing the cost of operations, materials and wholesale power.
For more information, please view the February Bill Insert.