You might not realize it, but when you signed up to receive electric service from Lower Yellowstone Electric you became a member—and owner—of an electric cooperative. While investor-owned utilities return a portion of any profits back to their investors, electric co-ops operate on a not-for-profit basis. So instead of returning leftover funds, known as margins, to investors who might not live in the same region or even the same state as you do, we issue capital credits based on how much you paid the co-op for electricity during a specified time period.
In 2020, members whom received service from LYREC in 2002, 2006 and 2018 received capital credits that were credited to his/her electric account reflecting your ownership of the cooperative during those years. It will take approximately 15 years to receive your entire capital credit retirement once you have discontinued service with LYREC. During those 15 years, Lower Yellowstone Electric saved part of what was paid by members to cover emergency expenses and to build and maintain a reliable electric distribution system.