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Clay Electric’s annual vehicle and equipment auction is going on now through Nov. 14. More than 50 vehicles, pieces of equipment and other items are up for auction. Photos and... Continue Reading ›

Consumers for Smart Solar—a diverse, bipartisan coalition of business, civic and faith leaders—today announced that the Florida Electric Cooperatives Association (FECA) has... Continue Reading ›

Governor Rick Scott stopped by Clay Electric Cooperative’s central office Thursday morning to congratulate the employees on their efforts to restore service to members following... Continue Reading ›

Clay Electric will conclude its restoration efforts this evening by 10 p.m., having restored power to more than 73,000 members in a three-day period beginning at 6 a.m. on... Continue Reading ›

Update: At 1:30 p.m., Clay Electric has 994 accounts without power, which means personnel have restored more than 72,000 accounts. At 8:30 a.m.: Clay Electric... Continue Reading ›

Clay Electric continues to make significant progress in restoring power to members impacted by Hurricane Matthew. The cooperative has restored power to more than 68,000 members as... Continue Reading ›

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Capital Credits

Capital Credits

Clay Electric's board of trustees declared a $6 million Capital Credits refund in January 2016 for current and former members who received service from the co-op from 1988 through 2014.

Capital Credits refunds are available to members of the co-op because Clay Electric is not-for-profit. As a result, at the end of each year when it's determined how much revenue exceeds total expenses, the difference is assigned to members as Capital Credits based on the amount each member was billed for electricity during the year.

For present members entitled to a pro rata share of the refund (must have received service sometime from 1988 through 2014), they received a credit on their March electric bill. Issuing a credit on an electric bill helps the co-op reduce expenses such as check printing, envelopes, postage, bank fees, etc. Former members were mailed their Capital Credits check to their latest address on file.

Also, as a special service for its business members, the co-op offers flexibility in the distribution of Capital Credits refunds in order to accommodate the particular needs of a business. For example, a business with multiple accounts may desire to have a single check issued (or perhaps a credit) to a single account as opposed to several accounts. To discuss your particular needs, call 1-800-224-4197 between 8 a.m. and 5 p.m. and ask for the Capital Credits section of the Finance and Administrative Department of the cooperative.

Capital Credits Q&A (PDF) 
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