Pioneer to Retire $4.7 Million in Capital Credits

Pioneer Electric is proud to announce the retirement of $4.7 million to members in the form of capital credit checks. Pioneer Electric’s Board of Trustees approved the retirement during their October board meeting. Capital credit checks will be issued to members for service used in 1998 and in 2018. Members will also receive generation and transmission capital credits for service used

Pioneer Electric is proud to announce the retirement of $4.7 million to members in the form of capital credit checks. Pioneer Electric’s Board of Trustees approved the retirement during their October board meeting. Capital credit checks will be issued to members for service used in 1998 and in 2018. Members will also receive generation and transmission capital credits for service used in 2011 and 2018.

Getting your Check

Capital credit checks will be available for pick up at this year’s Member Appreciation celebration on Dec. 5 from 4 to 9 p.m. at the Grant County Civic Center in Ulysses. Members are invited to join us for an evening of community and free family fun as the center will be temporarily transformed into a winter wonderland. Attendees will have the opportunity to see Santa, pet reindeer and enjoy a free chili dinner with all the fixings!

Those looking to pick up their checks will be able to meet with Pioneer staff during the festivities. Please note, retired balances under $10 will not receive a check at this year’s celebration. These credits will be kept on file and a check will be available after a $10 minimum is met. Pioneer will mail all remaining capital credit checks following the event and will not hold them for members.

Capital credits can be complex; our Pioneer staff is available to answer any question that you may have. Questions regarding capital credits may be directed to 620-356-1211.