Due to rising fuel costs to generate power, Clay Electric Cooperative will implement an increase in its rates, beginning with July billing cycles. Members using the industry... Continue Reading ›

Due to the continuing rise of natural gas prices, Clay Electric Cooperative will implement an increase in its rates, beginning with May billing cycles. This is the second rate... Continue Reading ›

A forecast team from Colorado State University has predicted an above-average level of activity in the Atlantic basin this hurricane season. The CSU Tropical Meteorology... Continue Reading ›

Due to rising costs to generate power, Clay Electric Cooperative will implement an increase in its rates, beginning with April billing cycles. Members using the industry household... Continue Reading ›

Members are invited to the co-op’s 84th Annual Meeting on Saturday, March 26 at the football stadium at Keystone Heights Junior/Senior High School. Gates will open at 8:30 a.m.... Continue Reading ›

The 84th Annual Meeting video report is now available. The video features an overview of the past year and the announcement of trustee election results. We will also announce the... Continue Reading ›

Capital Credits

Capital Credits

Clay Electric's board of trustees declared a $12 million Capital Credits refund in January 2022 for current and former members who received service from the co-op from 1992 through 2020. Refunds are traditionally disbursed each March.

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 1992 through 2020), 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.

Former Members
If you think you may have unclaimed Capital Credits, you can check here. You will need to provide either the last name the account was in and the last four digits of the social security number; the account number; or the location information.

Capital Credits Q&A (PDF) 
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