0000012867 00000 n Ş�5Œ™�°yp}�,@ ì@¶(nP ±3‡2°Íò5o0 %yü Although accountants often cringe at the analogy, the distribution of capital credits is often compared to dividends in a for-profit company. 0000146606 00000 n Talquin has powered its community since 1940 and provides water and wastewater services from Florida's Gulf Coast, north to the Florida State line, including portions of Tallahassee and surrounding areas. 8105. If you have questions or concerns about how capital credits are refunded, please contact our Billing Department at (336) 356-8241. As a not-for-profit entity, any revenues remaining over and above the cost of doing business are considered margins or "capital credits." 86 66 %%EOF return, or retirement, of capital credits and, if so, what amount of capital credits will be retired. endstream endobj startxref 0000043112 00000 n Florida Electric Cooperative, Talquin Electric Cooperative and Clay Electric Cooperative of Florida; ... $2.4 million in capital credits for 2019. Sumter: (803) 469-8060 Camden: (803) 432-9854. 1-866-731-BREC (2732) 0000079832 00000 n Because DEC is a not-for-profit utility, margins are returned to the people the Cooperative serves. endstream endobj 73 0 obj <. 0000004054 00000 n 0 When Choptank Electric's Board of Directors deems it appropriate, capital credits are then returned to you, our member-owners. 99 0 obj <>/Filter/FlateDecode/ID[]/Index[72 57]/Info 71 0 R/Length 106/Prev 134233/Root 73 0 R/Size 129/Type/XRef/W[1 3 1]>>stream 0000008692 00000 n Phone : 813-963-0994 Fax : 813-264-7906 Email: communications@seminole-electric.com For more information about Capital Credits, contact our Capital Credit Accountant via email or by calling 843.369.2211. Additionally, this amount will be printed on the July or August billing statement. Click on the link below to see if your name is on the current list. 0000077970 00000 n 0000013321 00000 n Credits must be claimed by October 28 Revenue left after expenses is allocated and returned to members. 0000009706 00000 n Chugach sends Capital Credit Allocation notices to members annually. Here's a bright idea: Instead of returning money to distant shareholders, Polk-Burnett Electric Cooperative returns Capital Credits to the local people we serve. 0000013732 00000 n 0000003562 00000 n %PDF-1.4 %âãÏÓ 0000125601 00000 n 0000148314 00000 n 0000002229 00000 n 0000109511 00000 n 72 0 obj <> endobj 0000036627 00000 n In 2019, MCEC began retiring Capital Credits using a hybrid retirement method. When REA has a margin in any given year, your share of that margin is recorded as your capital credit allocation. 0000044740 00000 n Four County members will receive refund checks in December. Each year, the Trico Board considers whether the Cooperative is in a financial position to retire a portion of its allocated capital credits. GM to invest US$785 million in Canada plant to manufacture electric vans. When Capital Credits are retired, they are paid out to you in cash or as a credit to your monthly electric bill. xref 1�r�2^g���p�N�oCG9�EoFw[W�,�@� fq�%���W iF�{oi>ָ�SU� =Y�\�oMi��;���T ��� M�$> 0000012047 00000 n 0000020315 00000 n "}��L�A��L ���Н��30j�?ө� �$� 0000133587 00000 n 0000079906 00000 n Glades Electric has allocated $3,350,832 in 2019 capital credits! 0000003598 00000 n endstream endobj 87 0 obj <>>> endobj 88 0 obj <. Capital credits and member control hŞb``àa``»ÈÀÆÀĞs�A��bì,g>p7`b³ipXà1U' ÄÃÿ�s³Sáât¾¶b)7ƒR¼{Òl>*4ösˆp2)wMÓğ˜qY­OÚ®ÂÃÁáxŸPp‰W°˜�ÍA¥–À%3n^á•6*øÄü9UÖP)&ÓøÑqFAA!%%¥Ğ°Œ���¨•ÆæP 266†Ë5 0000004459 00000 n Capital credits are also known as the Co-op’s profits or margins. Use the search tools below to see if you have capital credits to claim. Seminole Electric Cooperative, Inc. 16313 North Dale Mabry Highway Tampa, Florida 33618. The amount of capital credits you earn in a given year is based upon the amount of capital you contribute to the cooperative through payment of your monthly bills. The more electric service you buy, the greater your capital credits account – … A portion of the retirement will be refunded based on your allocation for 2019 and a portion will be based on allocations for 2009. 0000045123 00000 n 0000030836 00000 n Retirement of capital credits is a return of member-funded capital; This becomes your investment or equity in LREMC. Tri-County Electric Cooperative retires capital credits (also known as patronage credits) to members each year in July at our Annual Meeting of Members. 0000014233 00000 n Capital Credits As a member of Runestone Electric Association (REA), you are entitled to a share of the cooperative’s margin – revenues less expenses. 0000008224 00000 n 151 0 obj <>stream %%EOF 0000043989 00000 n How are capital credits calculated? Cooperatives exist not to make a profit but to provide low-cost electricity. 0000120290 00000 n Normal Business Hours. Please Remember: Your Capital Credit Allocation Notice is not a bill. 0000011423 00000 n 0000044384 00000 n 0000009161 00000 n In a for-profit company, this money would be called profit. 0000039105 00000 n • I understand that the refund will be reduced by any outstanding sums owed to TCEC. Capital Credits are allocated to each member of Tri-County every year based on their economic participation with the Cooperative - how much they paid into the Cooperative for electric service. In July 2019, Capital Credit Allocation notices were mailed to Chugach members who received electric service in 2018. 0000007805 00000 n It’s time for you to get the credit —capital credits, that is― for helping build, sustain, and grow your local electric cooperative. h�bbd```b``���@$�'��D2"�D�!D8'����< �k-X���+ ����"! @���4�� <<209357947BF4974CBAF2568AF33CB2C9>]/Prev 433248>> Capital credit distributions from member-owned, not-for-profit electric co-ops like Pea River Electric are somewhat similar to dividends paid to shareholders of investor-owned utilities. 0000003103 00000 n Refunds are allocated based on the amount of business a member does with the cooperative -- the more electricity used, the larger the capital credit check. Talquin Electric’s By-laws state that capital credits will be retired using the First-in, First-out, or FIFO method. If you purchased electricity from Mid-Carolina Electric during the years approved for retirement, you will receive a capital credit refund. 0000023806 00000 n 0000014997 00000 n 0000000016 00000 n 0000078986 00000 n Capital credit checks were mailed this week. ... to their electric bill in December. 0000010130 00000 n 0000003711 00000 n 0000043186 00000 n Class 55 for automobiles for lease or rent and taxicabs Capital credits can also be called member equity. h�b```f``:�������A��b�,^500L:�$i�t���PKG���h + 00���%�X,� ��! Members of Horry Electric Cooperative have a share in the earnings of their electric cooperative. Choptank Electric is an electric cooperative, owned by the members we serve. 0000079441 00000 n GREENWOOD, Del.- Delaware Electric Cooperative’s (DEC) Board of Directors has voted to return $4.8 million in capital credits to the Cooperative’s member-owners in December. Some of these capital credit checks remain unpaid at this time. If consumers were paid back all of the revenue received in excess of expenses each year, French Broad Electric would have to … 0000078606 00000 n Contact Us . Capital credits are somewhat similar to the dividends that investor-owned utilities pay to their shareholders. The difference is that the Cooperative's "shareholders" are also the people that it serves and the "dividends" (capital credits) are distributed to those member/consumers. Founded in 1937 and headquartered in Fargo, ND, Cass County Electric Cooperative is a not-for-profit, member-owned electric distribution system serving more than 50,000 services in a 10-county area in southeastern North Dakota. In all, about 8,700 current and former UEC members who purchased electricity during 2006 and 2007 will receive a refund. The Board of Directors determines the basis for the allocation. Capital credits are the most significant source of equity for most cooperatives. 0000047829 00000 n ¹¥•ÃtÀ½”´a`“(Òö@V®ÂÀÏÖÃ6‡��å‚ZBŒËzÆíÌJ¬x¤ì$2ê5ø0à4àj�{àEcS‹Æ� ‡ëŸ³œ¬Ø¶wvɳ1Ì`´`¾À§àr€³!€é+×�e�]SN)ÿgŠ`ÚÀÖÃ-Á”À¹çˆÈïÆ+ªn1섵.r¨àfLa`Õà}Á~A[™›ÓŸ1œiˉÄÚ 0000131565 00000 n FILE PHOTO: The General Motors Co (GM) CAMI assembly plant is seen in Ingersoll, Ontario, Canada October 13, 2017. Distribution of capital credits for 2019 and a portion will be printed on the link below to see if have... Check or is your active account among the more than 20,000 who received a check is... 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