Capital Credits Assigned for 2022

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As an electric cooperative, each dollar of payment by cooperative members in excess of the costs of providing electric services is an investment in the cooperative by that member.  An assignment of capital supplied by each member is recorded on the Cooperative's books each year.

This assignment is made by applying the percentage of the Cooperative's margins (revenues in excess of expenses) to the member's total billing for the year.  In addition to this, margins are assigned to Fairfield Electric Cooperative by other organizations with which it is associated including our generation and transmission cooperative and other associated organizations.

Retirement of capital credits is made on a periodic basis when the Board of Trustees shall determine that the financial condition of the Cooperative will not be impaired.

The allocation resulting from Fairfield Electric Cooperative's margins for the year of 2022 for all rates, except Rate 60 (Industrial) is $.02474529 per $1 of revenue.  The allocation for Rate 60 (Industrial) is $.01045152 per $1 of revenue.

Patronage capital from the cooperative’s generation and transmission provider and associated organizations is separated from margins generated from the sale of electricity.

The allocation from our generation and transmission cooperative for the year 2022 for all rates except Rate 60 (Industrial) is $ .00608853.  The allocation for Rate 60 (Industrial) is $.00257157.

The allocation resulting from associated organizations for the year 2022 for all rates except Rate 60 (Industrial) is $.00590284 per $1 of revenue.  The allocation for Rate 60 (Industrial) is $.00249315 per $1 of revenue. 

The table below shows examples of how your capital credit can be calculated.  To compute your individual assignment, apply the percentage figures to the total of your electric purchases for 2022.

Capital credit illustration (non-industrial)

 

                                 If the total electric portion for 2022 was:

 

2022

Percentage

$500

$1,000

$1,500

 

Patronage Capital

Assigned From

Fairfield Electric

 

 

$.02474529

 

 

    $12.37

 

   $24.75

 

  $37.12

Patronage Capital

Assigned from Generation & Transmission Cooperative

 

  

 

$.00608853

 

 

 

   $ 3.04

 

 

    $6.09

 

 

    $9.13

Patronage Capital Assigned from Associated Organizations

 

 $.00590284

 

$2.95

 

$5.90

 

$8.85