Wheatland Returns $1 Million in Capital Credits to Members in 2020

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In true cooperative spirit, Wheatland Electric returned $1 million in capital credits to its membership in 2020.

Most members who were eligible for a credit saw the refund on their August and December electric bills. Read our December news story to learn more about how these funds were distributed. 

Since capital credits are based on electricity used (kilowatt-hours) in addition to duration of membership, some larger businesses and organizations belonging to our cooperative received much more, including members like the Scott Co-Op Association in Scott City, the City of Lakin, and Redbarn Pet Products in Great Bend. 

During the month of January, our Wheatland Electric key accounts representatives traveled to these business to share the good news and learn how we can better serve our membership! 

Every year, Wheatland trustees evaluate the financial condition of the cooperative to determine if it can retire capital credits. One of our seven cooperative principles is members’ economic participation. Our capital credits program is just one more way it pays to be a cooperative member.

Questions? Learn more on our site or contact your local Wheatland office today! 

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Trey Grebe (far right), assistant general manager, presents a Capital Credits check to members of the Lakin City Council on January 13, 2021. 
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Kevin Corbett, plant manager at Great Bend’s Redbarn Pet Products (right), accepts a check from Regan Reif, member services and key accounts manager, for their 2020 Capital Credits refund. 
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Jason Baker, general manager at the Scott Cooperative Association (left), accepts a check from Alli Conine, manager of member services and corporate communications, for their 2020 Capital Credits refund.