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Beginning Monday, Feb. 9, members may request an absentee ballot for the upcoming Annual Meeting elections. This year’s Annual Meeting will be the first time in the history of the... Continue Reading ›

Clay Electric Cooperative’s board of trustees declared a $5.25 million Capital Credits refund on Jan. 22 for those members (former and present) who received service from 1987 to... Continue Reading ›

Seminole Electric Cooperative CEO and General Manager Lisa D. Johnson testified on Jan. 22 before a House Subcommittee on Environment and the Economy to address the effects of the... Continue Reading ›

Co-op members have participated in four trustee district meetings this month for the purpose of selecting candidates for the co-op’s board of trustees in Districts 3, 5, 7 and 9... Continue Reading ›

It’s easy to get caught up in the hectic pace of holiday entertaining—cookies to bake, decorations to hang, presents to wrap. But don’t overlook safety during the rush. The winter... Continue Reading ›

This week’s drop in temperature marks one of the first real cold snaps this winter. Clay Electric urges everyone to be mindful of both power usage and safety during frigid weather... Continue Reading ›

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Capital Credits

Capital Credits

Clay Electric's board of trustees declared a $5.25 million Capital Credits refund in January 2015 for current and former members who received service from the co-op between 1987 and 2013.

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 between 1987 and 2013), 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. Discuss your particular needs by contacting the Capital Credits section of the Finance and Administrative Department of the cooperative. Call your local district office and ask for extension 8237.

Capital Credits Q&A (PDF) 
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