News

5/25/2010

Capital Credit Allocations Being Sent on May and June Bills

Annual capital credit allocations will be indicated on customer statements beginning in May. The allocation, which is based on each member's electric usage the previous year, is essentially a recordkeeping requirement. These amounts are not available as cash, nor can they be applied as payment on your electric bill. Capital credits represent your share in United Power's margins. These monies are used by United Power for long-term debt retirement, reserves, emergencies, system improvements and other contingencies.

Capital credits may be paid to members as the Board of Directors deems appropriate and as the financial condition of the cooperative permits. If the board decides to pay out or "retire" a portion of the capital credits customers will be notified directly, and an announcement will be made through the cooperative newsletter. Because capital credits can be retired in any operational year, customers who moved from the territory should inform United Power of any changes in their mailing address.

More information about capital credits can be found here.

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