As a nonprofit electric cooperative, Capital Electric allocates our annual operating margins, or profits, to members receiving service during the year. These margins (revenue in excess of expenses) are allocated using a proportional ratio (using the dollar amount of electric service that each member purchases in a year compared to the total electric service purchased by all members) and are called capital credits. They are used by Capital Electric for operating funds and paid back to our members as the financial condition of the cooperative permits and as bylaw provisions are met.
If you cease to purchase energy from Capital Electric Cooperative, please keep us informed of your address in future years. This will enable us to forward payment when the capital credits are refunded for the year or years of your membership.
NOTE: We are currently searching for a number of members that had service with us for whom we attempted to send capital credit checks to but which were returned as not deliverable. If you recognize anyone on the attached list, please contact us at 223-1513 and let us know how we can reach these past members. Thank You.
PLEASE REMEMBER
Your Capital Credit Allocation Statement that arrives in the mail during the April/May timeframe is not a bill. You do not owe those amounts.
These amounts are NOT now payable and do not represent cash, but rather your equity in Capital Electric Cooperative, Inc.
You cannot apply these amounts to your electric bill.
Notice of Redemption by Capital Electric