Category Archives: Uncategorized

Wake Electric returns more than $1 million to members in December

Capital credits

It’s time for you to get the credit—capital credits, that is—for helping build, sustain, and grow your local electric cooperative. In mid-December 2017, Wake Electric will retire $1 million to members across portions of seven counties served by the co-op.

When you signed up to receive electric service from Wake Electric, you became a member of an electric cooperative. While investor-owned utilities like Duke Energy return a portion of any profits back to their shareholders, electric co-ops operate on an at-cost basis.

So, instead of returning leftover funds, known as margins, to folks who might not live in the same region or even the same state as you do, Wake Electric allocates and periodically retires capital credits to its members, which is based on how much electricity you purchased during a year.

This year, patronage capital earned in the year 1993 will be fully retired, as will a small portion of the patronage capital earned from 1994 through 2016. Capital credits earned prior to 1993 have previously been fully retired. If your patronage capital retirement equals or exceeds our minimum check amount of $15, then you will receive capital credit retirement through a check in the mail, reflecting your contribution of capital to, and ownership of, the cooperative during those years.

That span of time may seem like a long time ago. However, those funds helped us keep the lid on rates, reduced the amount of money we needed to borrow from outside lenders to build and expand a reliable electric distribution system.  To learn more about capital credits from Wake Electric, click here.

Wake Electric offers college scholarships; applications available Dec. 1

  2018 scholarship applications are now available on Wake Electric’s “Scholarship” web page. Fred M. Alford Scholarship Wake Electric awards one Fred M. Alford Memorial scholarship of $2,000. This scholarship is in memory of former Wake Electric employee Fred M. Alford. Requirements for the Fred M. Alford Memorial Scholarship include: Must be a child of…Continue Reading

Deadline Dec. 13 for students to apply for scholarship and Washington, D.C. trip

Attention all High School Juniors in counties served by Wake Electric: we are currently accepting applications for the 2018 Youth Tour. Wake Electric seeks applicants for a one-week, all expenses paid trip to Washington, D.C. for the 2018 Youth Tour. Winners also receive a $1,000 scholarship. Winners must go on the Washington Trip to be…Continue Reading

Area teachers awarded Classroom Technology grants from Wake Electric

Seven teachers in Durham, Johnston and Wake counties were awarded a 2017 Classroom Technology grant. The grants, totaling close to $20,000, are for specific pieces of technology for use in the classroom.  (Note:  The Classroom Technology grant program is separate from the Bright Ideas grant program). Esta Lampkin Zebulon Gifted & Talented Magnet Middle Zebulon Henrietta…Continue Reading

Wake Electric awards grants to local non-profit agencies; next application deadline is Dec. 8

Wake Electric is now accepting 2017 4th quarter applications. The deadline for accepting 4th quarter applications is December 8, 5:00 p.m.  Applications can be found by linking to “Operation RoundUp” at Within its service territory and beyond, Wake Electric is known for its tradition of community involvement and support. Through our grant and scholarship…Continue Reading

2017 Bright Ideas Teacher Grant winners announced

25 teachers in Durham, Franklin, Nash/Rocky Mount, Johnston, Granville and Wake counties have been awarded the 2017 Bright Ideas grants.  The grants will be used for a variety of classroom programs throughout the school year. Grant winners are: Amber Edwards Riverwood Middle School Clayton April Bernier Innovation Academy at South Campus Smithfield Beth Campbell Mt…Continue Reading

Planned outages for Friday, October 13

On Friday, October 13, Wake Electric has scheduled several planned outages for maintenance.  Members who will be affected have been directly notified. 5:30 a.m. to around 6:30 a.m. 124 consumers affected at: Piney Hill Run Heritage Branch Rd Harpers Ferry Ct Branch Ferry Ct Branch River Way Rogers Rd 8:30 a.m. to around noon. 4…Continue Reading

High school juniors apply for scholarship and trip to Washington, D.C.

Wake Electric is seeking applications from high school students for the Electric Cooperative Youth Tour to Washington, D.C.   The Youth Tour allows students to experience Washington, D.C., and learn more about how they can make a difference as young adults. Tourists will visit the Washington Monument, pay their respects at Arlington National Cemetery, meet elected…Continue Reading

Non-profit organizations can apply for grants from Wake Electric; deadline Dec. 8

On a quarterly basis, Wake Electric offers grants to area non-profit organizations.  These grants are administered as part of our Operation RoundUp program.  The next deadline to apply is Dec. 8 at 5 p.m.  For details on the program and application process, see below. Operation RoundUp: Mission:                                             The Wake Electric Foundation is a not-for-profit…Continue Reading