When you sign up to receive electric service from SCEC you become a member of our electric cooperative. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate to provide a service at cost.
So, instead of returning excess funds, known as margins, to investors who might not live in the same region or even the same state as you do, SCEC allocates and annually refunds (retires) capital credits based on your usage during a year.