As a member of an electric cooperative, you invest in Escambia River Electric (EREC) through your patronage (kilowatt-hour purchases). Each year, any margin (excess revenue) earned by EREC is reinvested in the cooperative. At the same time, the value of the margin is proportionally allocated (based on electric purchases during the year) and recorded to Capital Credit accounts for each of our members. These accounts are maintained until the credits are retired (paid) in full.
