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Platte-Clay Electric Returns $3.4 Million to Consumer-Members

Kearney, Mo — Platte-Clay Electric Cooperative today announced it has returned $3.4 million worth of capital credits to consumer-members ahead of schedule. The funds, which were distributed to active accounts on April 23 through bill credits, represent each consumer-member’s share of the co-op’s excess revenue.

“We’re well aware of the devastating economic impact of COVID-19 on the Northland communities we serve, and it was our goal to once again return as much as possible to our members this year,” said Dave Deihl, CEO and General Manager of Platte-Clay Electric Cooperative. “The cooperative remains in a strong financial position as we continue to invest in long-term improvements to the reliability of our service.”

This $3.4 million figure represents the largest amount ever returned to the cooperative’s membership in a single year.

The credits will be reflected in members’ April or May bills depending on their billing date. Inactive accounts will receive a check in the mail reflecting the amount of capital credits they are owed.

As a non-profit electric cooperative, Platte-Clay is owned and governed by its members. The co-op’s consumers share in any profit of the cooperative after operating costs and sound financial practices are accounted for.

About Platte-Clay Electric Cooperative

Platte-Clay Electric Cooperative (PCEC) serves more than 25,000 accounts and nearly 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 today is among the fastest-growing electric cooperatives in the state of Missouri.

Learn more about PCEC and how we work to empower communities and energize life by following us on Facebook, Twitter and Instagram.