PEC Press Release - Beginning May 1, Pedernales Electric Cooperative will start refunding all but one membership fee to PEC members who hold multiple accounts. The refund is the result of the Cooperative’s transition to a one-member, one-vote election system. The Board of Directors voted in March to issue the refunds to members with more than one account.

On April 17, PEC mailed letters to about 20,000 members notifying them their accounts would be credited on or after May 1. In all, PEC will be refunding 53,379 memberships totaling just over $2.5 million. Members will see the money listed as “Refund Membership” on their PEC statements.

The Board of Directors voted on January 26, 2009 to approve a number of revisions to PEC’s Bylaws, including a shift to a one-member, one-vote process. Prior to that revision, members paid a refundable fee each time they applied for service at a different location and were granted one vote for each membership.

Members with multiple accounts are encouraged to contact PEC at 1-888-554-4732 as soon as possible if any of their accounts are under different names so they can receive the full refund to which they are entitled.