The City of Quincy and John Wood Community College’s capital credit refunds were part of the Cooperative’s recent distribution of approximately $500,000 in capital credits for the remainder of 2002 and 85% of 2003. “Capital credits are an integral part of the financing of cooperatives and a very positive part of being a member of a not-for-profit electric utility,” said Adams Electric’s General Manager Jim Thompson.
Quincy Regional Airport, an account of the City of Quincy, and John Wood Community College are both served by Adams Electric Cooperative. Thompson presented a check for $2,673.88 in capital credits to Mayor Mike Troup for the City of Quincy. John Wood Community College’s (JWCC) capital credit check of $6,425.55 was presented by Thompson to JWCC President Dr. Bryan Renfro.
Members of cooperatives pay for service at cost and share in the annual margins by earning capital credits.