Capital Credits: Reaping the Benefits of Being a Co-op Member
As a member owned cooperative, we are a non-profit company and any excess revenue above costs is allocated back to the members as capital credits.
These capital credits are allocated based on patronage paid for electricity each year. The cooperative sends a capital credit update every year, with the most current year's information and all previous years' amounts. This usually gets sent by the May bill.
Capital is retained by the cooperative for a certain amount of time in order to finance new plant and to provide working funds. This helps forgo rate increases. When possible, the board of trustees determines some of the capital credits can be paid in cash. Every year since 1981 the cooperative has paid some capital credits on a first in, first out basis.
Capital Credit Retirement will be applied to member-owners March bill as a credit.