Unlike investor-owned utilities that provide electric service for a profit, EnerStar Electric Cooperative is a member-owned, member-controlled electric distribution cooperative. After the revenues are collected and all the expenses paid, we return our margins (our version of profits) to the member-owners. When you sign up to receive electric service from EnerStar, you become a member of our electric utility, a part-owner who invests equitably in the co-op. The amount allocated back to each member is based on how much electricity they used in that year and is paid back to the member later in the form of a capital credit retirement.
Capital credits are not refunded, or “retired,” immediately. Because the electric utility business requires large amounts of capital to operate, electric cooperatives reinvest capital credits into their business operations toward improving our electric system and meeting other capital needs. Capital credits also reduce the need to borrow money, which helps keep monthly rates down for all members and helps us provide you, the member, with a more reliable electric service.
During this time, EnerStar carefully keeps track of the amount owed to each member so all members receive the correct amount in their capital credit refund when the time comes to retire them. If you ever move out of our service territory, it is important you provide EnerStar with a forwarding address.
Click here to search for current or former members with unclaimed capital credits
The cooperative is attempting to locate these members and former members (or possibly their heirs) who received service in 1990. The cooperative does not have a valid address on the accounts listed below or the issued check was not cashed. If your name or the name of a family member is listed, please contact EnerStar at 1-800-635- 4145 or memberservices@enerstar.com during our normal office hours Monday through Friday, 7:30 a.m. to 4:00 p.m. If a member listed is deceased, the estate executor should contact the office for additional instructions on a special estate retirement.
