LCEC – Lee County Electric Cooperative

Equity allocation approved

Equity allocation approved

Earlier this year LCEC retired more than $7 million in equity to customers with inactive accounts. Last week, the Board of Trustees approved an ALLOCATION of $14.5 million in net margins and $1 million in unclaimed equity to LCEC members.

Allocated equity is not in the form of cash, it is a credit and used as working capital. This capital is aimed at building and improving the electric system. Member investment helps to reduce the need for borrowing money and allows for lower interest rates when loans are secured. Consequently, this process helps to keep rates low.

In time, a portion of member equity is retired. Active members receive a credit on their bill if the retirement is less than $250. A check is delivered for retirements of more than $250 or to inactive accounts. It is important that members keep their addresses updated in the LCEC database.

LCEC is proud to have returned more than $255 million in equity to members over the years.

NOTICE: You are leaving the LCEC website

By selecting the “Continue” button below you will be leaving the LCEC website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of the LCEC website Privacy Policy, and that LCEC is not responsible for the content or accuracy of the information on the website. We encourage you to review the privacy policy on the site you are entering before providing any personally identifiable or confidential information.

NOTICIA: Usted está saliendo de la página de internet de LCEC.

Seleccionando el boton “Continuar” ud. estará saliendo de la página de internet de LCEC e ingresará a una página de internet acogida por una compañia tercera. Por favor note que ud. no estará sujeto a o bajo la protección y reglas de privacidad de la página de internet de LCEC. LCEC no es responsable por el contenido y veracidad de la información en la página de internet. Antes de proceder y proveer cualquier información personal o confidencial, le sugerimos que revise las reglas de privacidad en el sitio de internet al que ud. está ingresando.