Adams Electric returns capital credits to City of Quincy, John Wood Community College

January 13, 2025 | By Muddy River News

Adams Electric general manager Jim Thompson presents checks to, top, JWCC president Bryan Renfro and, bottom, Quincy mayor Mike Troup. | Photo courtesy of Adams Electric

QUINCY — The City of Quincy and John Wood Community College’s capital credit refunds were part of the cooperative’s recent distribution of approximately $500,000 in capital credits for the remainder of 2002 and 85 percent of 2003.

In a press release, Adams Electric’s general manager Jim Thompson said, “Capital credits are an integral part of the financing of cooperatives and a very positive part of being a member of a not-for-profit electric utility.”

Quincy Regional Airport, an account of the City of Quincy, and John Wood Community College are both served by Adams Electric Cooperative. Thompson presented a check for $2,673.88 in capital credits to Mayor Mike Troup for the City of Quincy. Thompson presented John Wood Community College’s capital credit check of $6,425.55 to President Bryan Renfro.

Members of cooperatives pay for service at cost and share in the annual margins by earning capital credits.

Adams Electric capital credits City of Quincy John Wood Community College