Capital CreditsPosted: July 27, 2023
Each year that AVEC earns a margin (revenue collected that is not needed to cover the cost of providing service), it is assigned to members in proportion to the amount they were billed for electricity during that year. These funds, called capital credits, are retained by the co-op as a source of working capital for approximately 17 years and are refunded at the discretion of the Board.
The AVEC Board of Directors annually reviews the financial status of the cooperative to determine whether a refund is feasible and if so, how much. They strive to operate in a prudent business manner so that the member-owners will continue to have the very best electrical service possible at the lowest cost consistent with sound economy and good management.
Unclaimed Capital Credits can be looked up under Customer Service – Capital Credits