Platte-Clay Electric Cooperative Returns $2.8 Million to Consumer-Members
Kearney, Mo — Platte-Clay Electric Cooperative announced today it will return $2.8 million worth of capital credits to consumer-members in the month of May. The funds, which will be distributed to active accounts through bill credits, represent each consumer-member’s share of the co-op’s excess revenue.
As a non-profit electric cooperative, Platte-Clay is owned and governed by its consumer-members. The co-op’s members share in any profit of the cooperative after operating costs and sound financial practices are accounted for.
“We’re proud to be returning $2.8 million to our consumer-members while the costs of many other goods and services continue to rise,” said Dave Deihl, CEO and General Manager of Platte-Clay Electric Cooperative. “Throughout the pandemic, supply chain shortages and recent weather events, the cooperative business model has proven itself effective for providing affordable and reliable service.”
The refund follows a previous announcement that no rate increase will be implemented by the cooperative in 2022. Since 2012, the co-op has paid back over $20 million in capital credits.
About Platte-Clay Electric Cooperative
Platte-Clay Electric Cooperative (PCEC) serves more than 25,000 services and over 3,000 miles of energized line in Buchanan, Caldwell, Clay, Clinton, DeKalb, Platte and Ray Counties in the Northland region of metropolitan Kansas City. PCEC was established in 1938 as part of the Rural Electrification Act and is among the fastest growing electric cooperatives in the state of Missouri.