News – Sheridan Media
Powder River Energy Corporation is issuing a capital credit retirement or “refund” of about $3.3 million this month. According to information from PRECorp, this retirement returns a portion of the money members paid for electric usage during select years. Some Powder River Energy members will receive a credit on their bill or a check in the mail. This year’s PRECorp capital credit retirement is related to margins allocated to members during 2002 and 2003.
Any member who had service with PRECorp in 2002 and 2003 will receive a percentage of the PRECorp capital credit retirement of $3.3 million. Since its inception, PRECorp has retired well over $152 million to its members. Additionally, PRECorp’s wholesale power supplier Basin Electric has retired $9.1 million, which will be returned to those who were cooperative members in 2008 and 2009. PRECorp members will receive a total of $12.1 million through this 2025 retirement of capital credits.
At the close of each fiscal year, all margins (revenue received in excess of expenses) for that year are allocated to each member as a capital credit based on annual power purchased. Members are apprised of their cooperative capital credit “allocation” on their billing statements each August. This allocated capital credit is retained and used to provide for the ongoing operation of the cooperative until such time allocation is retired.
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Last modified: December 20, 2025