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Peak Alert Descriptions

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NWEC returns $590,800 to members

All News

Many NWEC member-owners will see a lower electric bill around the holidays. This month, the cooperative is returning $590,800 in capital credits to current and former member-owners. Eligible member-owners will receive the refund as a credit on their electric bill or as a separate check in December. These capital credits represent the cooperative’s margins, or money left over after all bills have been paid.

As a not-for-profit community-focused organization, NWEC uses these margins for investments, such as building or replacing power lines, transformers, and other electric system upgrades to meet members’ evolving needs. This helps keep the co-op’s service reliable.

After being used as working capital, the money is returned to member-owners. It represents each co-op member’s ownership — or equity — in his or her cooperative. Capital credits are allocated to member-owners in proportion to the dollar amount of electricity used. Then, usually on bills due in December, some of those allocations are distributed back to the members in what NWEC calls a retirement.

This month’s payment goes to eligible member-owners who purchased electricity from NWEC in 2003 and 2022 (allocation notices were included on bills for March use). If you were a member during either or both of those years, you get a return on your ownership and will see a “capital credit retirement” line item on your bill due in December. If you are no longer a member now, NWEC will send a check to your last known address.

“Returning capital credits demonstrates that NWEC members are not just customers; they are members and part-owners of their electric cooperative, which belongs to the communities it serves,” said NWEC President/CEO Darin Thorp. “Members have equity ownership in NWEC’s physical assets — and receive a financial return on those assets, unlike customers of other utilities.”

 

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04125 State Route 576
Bryan, OH 43506
419-636-5051
1-800-647-6932

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©2025 North Western Electric. Serving NW Ohio for over 80 years.

  • CO-OP INFO
    • ABOUT US
      • Recent News
      • Our History
      • Location & Hours
      • Capital Credits
      • Cooperative Documents
      • Ohio Cooperative Living
      • Cooperative Principles
      • Our Affiliations
      • Employment Opportunities
    • COOPERATIVE MEMBERSHIP
      • What's the Value?
    • BOARD OF TRUSTEES
      • 2025 Annual Meeting of Members
      • Meet Your Board
      • Voice Your Opinion
    • NW OHIO PROPANE
      • Your Local Propane Partner
  • SAVE ENERGY & MONEY
    • ENERGY EFFICIENCY TOOLS
      • Energy Efficiency
      • Rebates
      • Residential Energy Audits
      • Load Management
      • Kill-A-Watt Usage Monitor
  • SERVICE
    • MANAGE YOUR SERVICE
      • Starting Service / New Member-Owner Application
      • Stopping Service
      • Payment Options
      • Rates & Charges
      • Disconnection for Non-Payment
      • Call 811
      • Understanding Demand
      • Retail Energy Choice Explained
      • SmartHub App
        • SmartHub Website Update
    • UTILITY PROJECTS
      • Tree Trimming
      • Line Maintenance
      • Line Rebuild
    • OUTAGES
      • Outage Reporting
      • Be Prepared for Storms
      • Generator Safety
    • PRODUCTS & OTHER SERVICES
      • Area Lighting
      • Outdoor Wiring
    • RENEWABLE ENERGY / DISTRIBUTED GENERATION (DG)
      • OurSolar
      • Adding Renewable Energy to Your Home
  • PROGRAMS & EDUCATION
    • JUST FOR KIDS
      • Youth Tour
      • Scholarship Programs
      • Apogee Kids' Page
    • EDUCATIONAL DEMONSTRATIONS
      • Learn and Have Fun!
    • SAFETY
      • Harvest Safety - Look UP and Be SAFE
      • Upgrading Electrical Systems
  • COMMUNITY
    • America's Electric Cooperatives - PAC
    • Co-op Connections Card
    • FREE Public Hotspot
    • Operation Round Up
    • Events
      • Hot Air Balloon
        • Hot Air Balloon Free Flight Contest
        • UW of Defiance Co. Hot Air Balloon Festival
        • Hickory Acres Campground Balloon Flights