- Written by Kellie Bucy
- Published Jun. 23, 2016
Nearly 26,000 PEC members or former members have unclaimed funds on file with the cooperative. These funds, worth more than $1.8 million, are primarily capital credits that have gone unredeemed or unclaimed.
Members and former members are encouraged to review the list of the names associated with unclaimed funds at pec.coop/unclaimedfunds. PEC’s website provides a searchable list of names, and those with unclaimed capital credits can download a form to begin the claims process. All claims must be submitted to PEC before June 22, 2016. Members can submit their completed claim forms by mail to P.O. Box 1, Johnson City, Texas, 78636; by fax at 1-830-868-4956; or by email at [email protected] Any funds not claimed by June 22 will be turned over to the State of Texas and will be available through the Texas Comptroller of Public Accounts.
“PEC is committed to returning capital credits to our members,” said PEC Vice President of Member Services Eddie Dauterive. “Capital credits are just one of the many benefits of being a cooperative member. We have returned nearly $90 million in the past nine years.”
PEC is a member-owned electric cooperative, serving more than 280,000 meters in central Texas. For more information about PEC, visit the cooperative’s website at pec.coop.