Capital credit refund checks mailing Nov. 30
Years of Service 1985-1986
At the July 2018 meeting, after review of the cooperative’s financial position, the board of directors voted to retire $623,352 in capital credits to current and former members of the cooperative who received electric service for the years of 1985 and 1986.
“For many years now, EnerStar’s strategic focus has been to simultaneously improve the cooperative’s financial status while upgrading our utility infrastructure,” said Mike Clark, EnerStar CEO. “We are pleased to say we are accomplishing our goal.”
As a non-profit electric cooperative, EnerStar allocates annual operating margins, or profits, to members receiving service during the year. These margins are based on usage and are called capital credits. Capital credits represent the member’s equity and remain on file until EnerStar’s board of directors determines a general refund may be issued.
Checks will mail on Nov. 30, 2018.