The board of trustees recently authorized the distribution of capital credits totaling $2,037,665. Your cooperative will retire the remainder of capital credits for 2008, 35% of 2009 and 25% of 2022.

The capital credit refunds will be issued in the form of a check or a credit on your electric bill. If your assigned capital credits total is less than $75, you will receive your refund as a credit on your bill during late April (for billing cycles 3 and 4) or early May (for billing cycles 1 and 2). For those refunds over $75, a check will be mailed on May 3.

Capital credits are a benefit of membership in a member-owned utility. Each year we use the revenues that exceed costs as equity. These funds and borrowed capital allow your cooperative to serve a growing number of members while implementing the latest technology to provide the best service possible. The cooperative later returns these revenues to the members who originally paid them in their electric bills.