CHELCO’s Board of Trustees has approved a retirement of $3.3 million in capital credits to be returned to approximately 30,000 current and former members from 2004/2005.

As a member-owned, not-for-profit electric cooperative, CHELCO exists to provide safe, reliable and affordable service to its members. If CHELCO collects more money than it costs to operate, these additional margins are returned to the members. These margins are called capital credits.

Each year, the Board of Trustees determines if CHELCO’s financial condition will allow the retirement of a portion of the capital credits. CHELCO retires capital credits and returns them to members on a 20-year cycle, meaning that those who were CHELCO members in 2004/2005 will receive a capital credit check or a bill credit based on how much business the member did with CHELCO that year.

• Active members receiving less than $30 will see a credit on their bill.
• Active members receiving $30 or more will get a check by mail.
• Inactive members with $5 or more will receive a check, while smaller amounts will be held and combined with future retirements until the total reaches $5 or more.

Visit CHELCO.com to learn more about capital credit allocations and retirements.

Capital Credit FAQ

• How do I find my unclaimed capital credits? Visit chelco.com/capital-credits.
• How will I receive my capital credit refund? The Board of Trustees determines the threshold for whether capital credit retirements are disbursed as bill credits or checks. 
• What happens to my capital credits if I move? Your capital credits remain on our books in your name until they are retired. Because capital credit retirements are made a number of years after the credits are earned and allocated to your account, you should always keep the cooperative informed of your current mailing address.

Please call (850) 892-2111 or email memberbills@chelco.com with your capital credit questions.