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What are capital credits?
EnerStar
Power is a non-profit electric cooperative. The annual operating
margins, or profits, are allocated to members receiving electric
service during that year. Margins are based on your patronage, or
usage, and are called capital credits.
Capital
credits are applied each year to individual capital credit accounts and
remain on file until they are refunded. If the cooperative has excess
margins, current members receive a capital credit statement indicating
the amount accumulated. If a year should not have any margins, no
statement is sent.
How Are Capital Credits Disbursed?
After
careful consideration of the cooperative's finances, such as the
cooperative's current financial position and long-range capital
improvements, the board of directors may issue a "general capital
credit refund." The board can announce a general refund at anytime.
If you no
longer have service with EnerStar
If you move out of the EnerStar service
area, please contact the cooperative with a valid address.
If a general refund is issued, we can mail the refund
directly to you.
Estate Retirements
According to the cooperative's bylaws, upon the death of a member,
capital credits can be refunded to a member's estate. Estate
retirements require the following information:
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Transfer account out of deceased member's
name
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Provide a copy of the Death Certificate
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Provide a certified copy of Letter of
Administration or Small Estates Affidavit along with a copy of
the will, if applicable
If you need more information on Capital Credits,
contact EnerStar's Susan
Watson at 1-800-635-4145. |
