Checks Are On Their Way From Local Electric Coop

Southside Electric Cooperative has announced it will refund a total of $2.4 million in capital credit retirement checks to its member-owners this month. The checks represent the retirement of approximately 3.3 percent of the balance of individual members’ total SEC capital credit allocations. Some former members who have moved out of SEC’s service area and who are no longer provided electricity by the Cooperative will also receive their share of this capital credit refund. According to a press release, this will bring the company’s refunded total to just under 40- million to the Cooperative’s members in the past 30 years. For more information visit: www.sec.coop

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