Capital Credits FAQ

Cap­i­tal Cred­its are a ben­e­fit of mem­ber­ship in a mem­ber-owned util­i­ty. Each year, YEC uses the rev­enues that exceed oper­at­ing costs as equi­ty. These funds… Con­tin­ue Read­ing As mem­bers of YEC, do we build equi­ty in the co-op, and if we leave the area do we get a pay­out?

York Elec­tric is a coop­er­a­tive. A coop­er­a­tive is owned by its mem­bers and does not tech­ni­cal­ly earn prof­its. Instead, any rev­enues over the cost of… Con­tin­ue Read­ing What are Cap­i­tal Cred­its?

You should receive an allo­ca­tion notice each year after a finan­cial audit of York Elec­tric has been com­plet­ed. Dur­ing the month of May, mem­bers receive… Con­tin­ue Read­ing How often will I receive an allo­ca­tion notice?

Cap­i­tal Cred­its are cal­cu­lat­ed by York Elec­tric for every mem­ber who pur­chased elec­tric­i­ty dur­ing a year in which the util­i­ty earned mar­gins. No spe­cial action… Con­tin­ue Read­ing What do I have to do to start accu­mu­lat­ing Cap­i­tal Cred­its?

The amount of Cap­i­tal Cred­its you earn in a giv­en year is based upon the amount of elec­tric­i­ty pur­chased. Each mem­ber receives a cred­it based… Con­tin­ue Read­ing How are Cap­i­tal Cred­its cal­cu­lat­ed?

Not nec­es­sar­i­ly. The board of trustees must autho­rize a refund before you receive a check. When con­sid­er­ing a refund, the board ana­lyzes the finan­cial sta­tus… Con­tin­ue Read­ing Will I receive a Cap­i­tal Cred­its check every year?

No. Allo­cat­ed Cap­i­tal Cred­its may not be used to pay cur­rent bills. While your elec­tric bill is due month­ly, you will not be enti­tled to… Con­tin­ue Read­ing Can I use the Cap­i­tal Cred­its I have allo­cat­ed to pay my elec­tric bill?

The rep­re­sen­ta­tive of the estate can have the bal­ance of Cap­i­tal Cred­its trans­ferred into the heir’s name and the bal­ance will be paid out as… Con­tin­ue Read­ing What hap­pens to the Cap­i­tal Cred­its of mem­bers who die?

Your Cap­i­tal Cred­its remain in your name and mem­ber num­ber until they are retired. You just need to ensure that York Elec­tric has your cur­rent… Con­tin­ue Read­ing What hap­pens to my Cap­i­tal Cred­its when I leave York Electric’s ser­vice area?