2020 Ends with Capital Credits Returned to WWVREMC Members
Thanks to financial planning and holding down costs, the board of directors has approved the retirement of capital credits again this year! Following the cooperative’s capital credits retirement policy, 100% of Generation & Transmission margins from 1992, as well as 100% retained distribution margins from 1993, plus 10% of the most recent year 2019, will be returned to members.
About Capital Credits
Unlike investor-owned utilities that maximize profits to pay their shareholders, not-for-profit electric cooperatives do not exist to earn a profit. You receive capital credits because you are more than a customer; you are an owner of WWVREMC. These credits represent your ownership in WWVREMC and are one of the unique and rewarding benefits you enjoy as a member of the cooperative.
How much will you receive?
The amount you receive will be based on two factors; your length of membership with the cooperative and the amount of power used during the period being retired. Refunds less than $10 will be applied as a credit on your January 2021 electric bill. If your refund is more than $10, you will receive a check in the mail. Checks will be mailed by the end of the year.
Questions or problems with your refund?
For more information, frequently asked questions, search for unclaimed credits, learn how to donate your refund, or to resolve a capital credit issue, please visit our website wwvremc.com, call our office at 765-458-5171, or send an e-mail to firstname.lastname@example.org.
Below are forms necessary for filing a capital credit claim with the cooperative.
Call the WWVREMC office at 800-529-5557 or 765-458-5171 for more information on filing a capital credit claim. You may also email us at email@example.com.