AOHP Rebates
GSHP Rebates
Water Heater Rebates
Energy Star Rebates
Power Protection
Pest Control
Wind Power
Publications and Demonstrations
Scholarship Information
New Service
Temporary Service
Temporary Disconnects
Upgrades and Changes
Field Appointments
Electrical Permits (Forms)
Line Extensions
Security Light Program
AOHP Rebates
GSHP Rebates
A/C Rebates
Water Heater Rebates
Energy Star Rebates
Power Protection
Pest Control
Wind Power
Publications and Demonstrations
Scholarship Information
Press Releases
Planned Power Outages
Electrical Hi-Lites
Annual Report
Billing Options
Electric Rates
Energy Analysis
Energy Use Guide
Electrical Safety Tips
Power Outages
Generator Safety
Underground Locates
Trees and Electricity
MECA
SMEGT
Touchstone
Heat Pumps
Electrical Permits
Energy Star
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Capital Credits
What Are Capital Credits? Because YVEC is a nonprofit cooperative, any margins at year-end are allocated back to the members in the form of Capital Credits. These are non-interest earning capital funds. This allocation is based on the percent of margins applied to each member's patronage during the year. Patronage is the total amount of the member's billing for electric service. Capital Credits are held in reserve to be used as operating capital or against a possible emergency until the Board of Trustees determines that a Capital Credit retirement can be made. In recent years, the practice has been to retire a portion of the current year, and also a portion of the oldest year with amounts still owing. It is important to keep our office informed of your current address if you move off our system so we will be able to mail your Capital Credit check when a retirement is made. Please include your member number and past address if possible.
In the event of the death of a member. Capital Credits may be payable to the heir/s. For information and required documentation necessary to apply for these funds, please contact our office. |
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