Adams Electric Recognizes Years Of Service

Adams Electric Cooperative recently recognized 17 employees and directors for a combined 305 years of dedicated service to the cooperative at its annual employee/director recognition dinner held in October in Hanover.

“It is a pleasure to work with so many dedicated people committed to making Adams Electric a better organization for the communities it serves,” says CEO/General Manager Steve Rasmussen.

Recognized were:

Do We Owe You Money?

When Adams Electric retires Ownership Rewards (patronage capital) to its current and former members, traditionally some of that money remains unclaimed after a year. By law, this money cannot be used to affect rates; therefore, the co-op uses the unclaimed funds to support high school and adult post-secondary education scholarships, invest in community projects and events, and aid members struggling to pay their electric bills.

Ownership Rewards

Adams Electric to return $1.7 million in Ownership Rewards

Adams Electric Cooperative is returning $1.7 million in Ownership Rewards to 26,000 current and former members following another financially strong year in 2014. Also known as patronage capital credits, Ownership Rewards have been returned over 40 times during the co-op’s 75-year history. To date, the cooperative has returned more than $35 million in Ownership Rewards.

Co-Op Returns Over $2 Million In Patronage Capital

GETTYSBURG, PA: Over the holiday season, Adams Electric Cooperative retired just over $2 million in patronage capital (the highest amount ever) to more than 38,000 current and former members.

The 2011 retirement of $2,054,000 marks the 38th consecutive year the cooperative has retired patronage capital, raising the total amount to $31.5 million returned to the local economy by Adams Electric. Retirements have exceeded $1 million each year since 1994.

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This website features registered and non-registered trademarks and copyright protected content. The Adams Electric Cooperative, Inc. logo design, and the Touchstone Energy® name and logo design are federally registered trademarks and may not be used without permission.

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