Part of the cooperative difference
Capital Credits
When you signed up for electric service with NREMC, you became a member-owner of a not-for-profit cooperative—and being a member pays you back!
One of the best things about being a co-op member is that you are not simply a customer but rather a member-owner. Your financial contribution (paying the bill) not only keeps your lights on but also helps run the co-op that powers more than 30,000 people in this community, and a portion of that financial contribution is returned to you each year as a benefit of membership!
Many cooperatives go through the year and decide what to retire in the end based on how the year went. At Northeastern, we have flipped this script, and we begin by planning how much we will retire and then base our plans and our budgets on that. The result? We have returned more capital credits than any other cooperative in the state, over $33M in total since 1980.
How it works:
- Because NREMC is a not-for-profit cooperative, owned by its members, we do not technically earn profits.
- Your financial contribution (paying the bill) not only keeps your lights on but also helps run the co-op that powers more than 30,000 people in this community, and a portion of that financial contribution is returned to you each year as a benefit of membership.
- Each member will receive a different amount based on how long you’ve been a member and the amount of energy you have used.
- Typically, capital credits are distributed as a bill credit on your December bill.
Preview your bill credit:
| Account Number | Bill Credit Amount |
|---|---|
| - | - |
If you’ve recently moved out of the Northeastern REMC service area, you may have unclaimed capital credits available to you. Click below to check for unclaimed capital credits.