Q: Most information published by Mississippi County
Electric Cooperative, Inc. refers to members. What persons or organizations
are being referred to and what are the benefits and obligations of
"membership"? A:
Each person or entity receiving electric service from Mississippi
County Electric Cooperative, Inc. is a member of Mississippi County
Electric Cooperative, Inc. . This cooperative is a not-for-profit
organization formed to provide services at cost to its members.
Members of Mississippi County pay competitive rates for electric
service which generate a profit for the cooperative. These profits
are retained and invested in plant and equipment necessary to provide
service to members. When prudent financial considerations allow,
previously retained profits are refunded to members by way of a
capital credit retirement check. Rights and obligations of members
arise from a contractual relationship detailed in Mississippi County
Electric Cooperative, Inc. Bylaws provided each member when application
for electric service is made.
Q: How is Mississippi County Electric Cooperative, Inc. different
from investor owned utilities?
A: As mentioned
above, Mississippi County Electric Cooperative, Inc. is a not-for-profit
cooperative organization which means that all profits of Mississippi
County Electric Cooperative, Inc. accrue to the benefit of the members
we serve, not stockholders. Additionally, control of Mississippi
County Electric Cooperative, Inc. is local; the members directly
elect the Board of Directors, who themselves must be members of
Mississippi County Electric Cooperative, Inc. .
Q: I sometimes
receive a check from Mississippi County Electric Cooperative, Inc.
entitled "Capital Credit Refund". What does this check
represent, how is the amount determined and may I expect to receive
additional checks in the future.
A: As discussed
above, the check represents a return of previously retained profits
invested by Mississippi County Electric Cooperative, Inc. in plant
and equipment. The total amount which may be refunded each year
is limited by lenders and plant and equipment need of Mississippi
County Electric Cooperative, Inc. Each member receives a share of
the refund based on their usage for the year in which the profits
were generated.
Q: What
causes my lights to blink?
A: Most temporary
power interruptions are caused by equipment on the power lines detecting
faults in the electric current and correcting the condition resulting
in a momentary interruption. These fault currents are often caused
by trees or animals such as squirrels contacting lines. Mississippi
County Electric Cooperative, Inc. has an ongoing right-of-way program,
trimming trees and brush to reduce the probability of momentary
outages caused by tree contact with lines. If you are experiencing
momentary interruptions with regularity, please contact your local
office so that the cause of the interruptions can be investigated.
For additional
information regarding any of the information contained in the articles
above, you may contact Mississippi County Electric Cooperative,
Inc. at info@mceci.com.
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