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Clay Electric placed eighth in the 2017 J.D. Power and Associates Electric Utility Residential Customer Satisfaction Study’s Cooperative Segment. The satisfaction score is the... Continue Reading ›

The 2017 hurricane season begins June 1, and while forecasting agencies have predicted a slightly below-average level of hurricane activity this year, it only takes one storm to... Continue Reading ›

Clay Electric received a wave of reports of telephone scam attempts on Friday, April 28. The cooperative once again reminds its residential and commercial members that it does not... Continue Reading ›

A forecast team from Colorado State University has predicted a slightly below-average level of activity in the Atlantic basin this hurricane season. Phil Klotzbach and Michael... Continue Reading ›

Clay Electric Cooperative’s members re-elected three members to the board of trustees during the co-op’s 79th annual meeting on March 30, 2017 at the cooperative’s central office... Continue Reading ›

Clay Electric’s 79th Annual Meeting is Thursday, Mar. 30, 2017 in Keystone Heights. Members will find it to be an activity-filled day. There will be health screenings, a... Continue Reading ›

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Capital Credits

Capital Credits

Clay Electric's board of trustees declared a record $8 million Capital Credits refund in January 2017 for current and former members who received service from the co-op from 1988 through 2015.

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 2015), 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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