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Capital Credits are a benefit of membership in a member-owned utility. Each year York Electric uses the revenues that exceed operating costs as equity. These funds and borrowed capital allow York Electric to serve a growing number of members while implementing the latest technology to provide the best possible service.

As a not-for-profit utility, York Electric later returns these revenues to the members who originally paid them in their electric bills. Each year, our members receive Capital Credit checks. Members receive Capital Credit checks in the mail unless the amount due to them is less than $10. If the member's refund is less than $10, the amount will be distributed and printed on their utility billing statement as a line item credit. The amount of Capital Credits returned is determined by total revenues received over expenses for the cooperative and your total energy billings for the year. They are paid periodically with board approval after review of York Electric Cooperative's financial status.

If you move, please be sure to leave your forwarding address with us so we may send your Capital Credit check to you. Normally, you do not have to report your Capital Credit payment on your income tax return. However, if you have any questions concerning tax liability, please consult your tax preparer.
 
For more information concerning Capital Credits, call our Member Services Department at 803-684-4248.

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