Capital Credits – We Might Be Looking for You
In 2018 the board of directors of McDonough Power Cooperative voted to return capital credits to members who received service from 1989-1990.
McDonough Power is a non-profit electric cooperative. The annual operating margins, or profits, are allocated to members receiving service during the year. Margins are based on patronage, or usage, and are called capital credits. Capital credits are applied each year to individual capital credit accounts and remain on file until the board determines a general refund may be issued.
Past and current members who received electric service for the years 1989-1990 should have received refund checks in August. Unfortunately, members who have moved off our system have not updated their address with us and the Cooperative is attempting to locate them (or possibly their heirs) who received electric service during that time.
You might be able to help! If your name or the name of someone you know is listed, please let us know what information you have that can help us locate them, or their heirs. E-mail any information you may have to dbeck@mcdonoughpower.com.