LCEC is a not-for-profit electric cooperative. Each year, the Board of Trustees considers an equity retirement. In 2016, LCEC was able to maintain a sufficient financial position, and in 2017, a retirement of $4 million in equity was made to current and inactive customers.
Active and inactive customers received a check or a credit on their account. Active customers receiving a retirement amount greater than $250 received a check unless the electric account had a past due balance. Inactive customers receiving a retirement amount of $1 or greater and having no outstanding debt with LCEC also received a check. Over the years, LCEC has retired more than $248 million to active and inactive customers.