five-dollar-bills

$4 Million back in the pockets of members

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 …

Where does LCEC get the funds to operate the electric system?

(June 7, 2016) — LCEC operates as a non-profit electric distribution cooperative. Cooperatives are not financed by investors and have no taxing authority. So have you ever wondered how LCEC finances its long-term investment in the electric system? After all, maintaining a reliable electric grid in Cape Coral and across Southwest Florida requires continual maintenance and capital improvements. One of …