I sometimes receive a check from Clay County Electric Cooperative, Incorporated entitled “capital credit refund”. What does this check represent, how is the amount determined and may I expect to receive additional checks in the future?

Electric cooperatives are not-for-profit organizations owned by the members we serve. Every year, any excess revenues (margins) from the operation of the cooperative are allocated to an account for each member based on their energy consumption for that year. Your cooperative Board of Directors determines the schedule for repaying capital credits based on the financial requirements of the cooperative.

Many times, members (owners) move off of cooperative lines, and we have a difficult time locating them. It is very important to keep your address up to date with your cooperative.