{"id":173416,"date":"2023-12-08T04:55:52","date_gmt":"2023-12-08T09:55:52","guid":{"rendered":"https:\/\/thevwindependent.com\/news\/?p=173416"},"modified":"2023-12-08T04:55:53","modified_gmt":"2023-12-08T09:55:53","slug":"ppec-members-to-see-bill-credits","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2023\/12\/08\/ppec-members-to-see-bill-credits\/","title":{"rendered":"PPEC members to see bill credits"},"content":{"rendered":"\n<p><em>Submitted information<\/em><\/p>\n\n\n\n<p>PAULDING &#8212; Many Paulding Putnam Electric Cooperative (PPEC) members will see a lower electric bill around the holidays. This month, the local electric cooperative is returning nearly $2,500,000 in prior year margins to over 23,000 current and former members.<\/p>\n\n\n\n<p>Eligible co-op members will see a credit on their December electric bill. The money is being returned to members in the form of capital credits.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-full\"><img decoding=\"async\" width=\"200\" height=\"192\" src=\"https:\/\/thevwindependent.com\/news\/wp-content\/uploads\/2023\/12\/Money-gift-2023-copy.png\" alt=\"\" class=\"wp-image-173418\"\/><\/figure><\/div>\n\n\n\n<p>As a not-for-profit community-focused organization, PPEC uses these margins for investments, such as building or replacing power lines, transformers, and other electric system upgrades to meet members\u2019 evolving needs.<\/p>\n\n\n\n<p>After being used as working capital, the money is returned to members. It represents each co-op member\u2019s ownership \u2014 or equity \u2014 in his or her cooperative. Capital credits are allocated to members in proportion to the dollar amount of electricity used.<\/p>\n\n\n\n<p>This month\u2019s payment will go to those who used PPEC\u2019s service from 1990-2022. Including this year\u2019s capital credits return, PPEC has returned more than $34 million to its members.<\/p>\n\n\n\n<p>&#8220;This patronage cash back demonstrates that PPEC members are not just customers, they are members and part-owners of their electric cooperative,&#8221; Board Chairman Steve McMichael said. &#8220;Paulding Putnam Electric Co-op belongs to the communities we serve. Members have equity ownership in our physical assets and receive a financial return on those assets, unlike customers of other utilities.&#8221;<\/p>\n\n\n\n<p>Anyone with questions about their capital credits refund should call PPEC at 1.800.686.2357.<\/p>\n\n\n\n<p>Paulding Putnam Electric Cooperative serves more than 13,000 members in Paulding, Putnam, Defiance, Van Wert, and Allen counties in northwest Ohio, and Adams and Allen counties in northeast Indiana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Submitted information PAULDING &#8212; Many Paulding Putnam Electric Cooperative (PPEC) members will see a lower electric bill around the holidays. This month, the local electric cooperative is returning nearly $2,500,000 in prior year margins to over 23,000 current and former members. Eligible co-op members will see a credit on their December electric bill. The money [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-173416","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-10-15 01:49:40","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=173416"}],"version-history":[{"count":2,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173416\/revisions"}],"predecessor-version":[{"id":173419,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/173416\/revisions\/173419"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=173416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=173416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=173416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}