Equity
Like most electric cooperatives nationwide, LCEC operates at cost, returning any excess revenue to members in the form of Equity, commonly known as Capital Credits. Ownership equity in LCEC is not equivalent to cash or liquid assets. Equity represents members’ investment in the LCEC electrical system in the form of substations, poles, lines, transformers and other facilities. Equity equates to financial strength for LCEC members. It allows for improvements in the delivery of power and service through capital projects without incurring costly loans. LCEC is proud of the financial strength that has allowed us to return equity to our members. It is on of the benefits of belonging to a financially stable electric cooperative.
In March 2025 the Board of Trustees approved an equity retirement for current and former members who received service in 2000. This retirement will be paid in the form of a bill credit or check before May 1.
LCEC is proud to have returned more than $333 million in equity to members over the years.