Unlike investor-owned utilities, Claiborne Electric is a not-for-profit cooperative, owned by the members it serves. According to the bylaws of the cooperative, all amounts paid by members for electric service in excess of the costs incurred by the cooperative will be used as capital for the cooperative.
When the Cooperative generates positive margins, the excess capital is periodically repaid to the members, depending on the financial condition of the Co-op.
In 2011, Claiborne Electric members received more than $600,000.00 in capital credits payments.
Watch announcements in our news section, or in Louisiana Country, Claiborne Electric’s monthly member newsletter, for information regarding these member allocations. Capital credit allocation is fully detailed in Article VIII of the bylaws.