Check out this month’s billing statement above the message box for your 2012 Capital Credit Allocation! For every dollar that you paid KEA in 2012, approximately 17 cents has been allocated back to you in the form of capital credits.
KEA is an electric cooperative owned by the members we serve. As a not-for- profit cooperative, KEA does not issue stock or declare dividends. Revenues over and above expenses are called margins and belong to the members. As a member, you accrue equity each year there are margins. This equity is allocated back to you in the form of capital credits annually, based upon the total dollar amount purchased for electric service.
Capital credits are returned to you based on action by the KEA Board of Directors. For the past several years, your Board has taken action to return capital credits in December. In 2012, a total of $662,242 in capital credits was returned to the membership.
You cannot take your Capital Credit Allocation as a credit on your monthly billing statement. To help us locate you in future years, plese keep us informed of all your address changes.
If you have any questions, or if you are interested in donating your capital credits to the KEA Scholarship Foundation, please contact Member Services at 907.486.7701.