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Wednesday | December 1, 2021
All News

DeFuniak Springs (Dec. 1, 2021) – CHELCO’s Board of Trustees has approved a retirement of over $2.8 million in capital credits to be returned to approximately 66,000 current and former members.

CHELCO exists to provide members with electric service. 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 2001 and/or 2020 will receive a capital credit check based on how much business the member did with CHELCO in those years.

CHELCO will begin distribution of capital credits in early December. Visit CHELCO.com to learn more about capital credit allocations and retirements.

CHELCO is a not-for-profit electric distribution cooperative serving more than 58,000 accounts in Walton, Okaloosa, Holmes and Santa Rosa counties.

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©2023 Choctawhatchee Electric Cooperative (CHELCO). Powering our community, empowering our people!

  • About Us
    • About CHELCO
    • Careers
    • CHELCO NEWS
    • Contact CHELCO
    • Key personnel
    • Press Releases & Media Contact
      • CHELCO's annual charity golf tournament raised over $8k
      • CHELCO powers-up first co-op solar array in NW Florida
    • The Cooperative Difference
    • Trustees and elections
    • Annual Reports
    • CHELCO Bylaws
    • Recipes
  • Storm Center
  • Member Service
    • New Member Service
    • Capital Credits
    • CHELCO Rates
    • New Construction
    • Offices & Hours
    • Statement & Billing Options
    • Ways to Pay
  • Energy Efficiency
    • Energy Efficiency Programs
    • Renewables
    • Electric Vehicles
    • Outdoor & Decorative Lighting
    • Switch to Save
    • Surge Protection
    • Heat Pump Rebates
    • Energy Audits
    • Energy calculators
    • Together We Save
    • State and Federal Programs
    • Energy Efficiency Cost Benefit
    • Manufactured Home Rebates
    • Energy Savings - Beat the Peak
    • Optiwatt App
  • Education & Community Programs
    • Operation Round Up
    • Members Helping Members
    • Education Programs
    • Co-op Connections Discount Program
    • Scholarships
    • Youth Tour
    • Annual Meeting
    • Co-ops Vote
    • CHELCO Charity Golf Tournament
    • Economic Development
  • PURPA
    • Federal Statute
  • Podcast