WEC returns $400,000 to membership in 2022 When for-profit utilities collect excess revenue, those profits enrich their shareholders. When cooperative utilities take in more revenue from their members than it costs to run the utility, they return that money to their members. Since 1998, WEC has returned approximately $9.5 million in capital credit refunds to Co-op members. This year, the …
Treasurer’s Report: Planning pays off
WEC budgeted accurately for 2021, despite higher purchased power bills due to decreased production at Coventry By Don Douglas Washington Electric Cooperative is committed to providing the excellent service our members expect and deserve. The catastrophic pandemic is still with us as we attempt to learn to live with the virus that has caused so many disruptions to our lives. …