Putting money back into members’ pockets with capital credits is just one of the characteristics that sets Randolph Electric apart from investor-owned utilities. This year, the Randolph EMC Board of Directors authorized a general retirement of $560,000, with this year’s estate retirements estimated at $650,000.
Asheboro, NC - Beginning June 1, 2023, nearly 97 percent of Randolph EMC members will receive a check or bill credit for their share of the annual general capital credits retirement.
As members of Randolph EMC, you are not a customer. You are an owner of this cooperative. This is a difference that sets Randolph EMC apart from other electric utilities.
Asheboro, NC - Earlier this spring, nearly 97 percent of Randolph EMC members received a check or bill credit for their share of the annual general capital credits retirement.
As members of Randolph EMC, you are not a customer. You are an owner of this cooperative. This is a difference that sets Randolph EMC apart from other electric utilities.
As member-owners, you are entitled to share in any excess revenue left over at the end of each year. The capital credit refund is just one example of the cooperative difference.