IMPORTANT NOTICE: 2022 Patronage Capital
Notice is hereby given members of Rich Mountain Electric Cooperative, Incorporated that, in accordance with the provisions of the bylaws of the Cooperative, patronage capital for the year 2022 has been credited to the capital account of each member.
The Cooperative’s total margins will be allocated to the residential, commercial and industrial, and special contract member-consumer classes based on each classes’ revenues (excluding taxes) less purchase power costs. The factors for the residential, commercial/industrial, and special contract member-consumer classes are $0.1294876803, $0.1266534435 and $0.1282921143 per kilowatt-hour respectively. As an example, if a residential member consumed 12,000 kilowatt-hours in 2022, the amount credited to the member’s patronage capital account for the year is 12,000 x $0.1294876803 or $1,553.85.
Any member who desires specific information regarding the amount credited to his patronage capital account may obtain this information on request. This notice is only a statement regarding the assignment of patronage capital.