Capital Credit Allocations

Capital Credit Allocations

Capital credits were recently allocated to the accounts of Coleman County Electric Cooperative members for 2018.

After the end of each fiscal year, cooperatives must determine what, if any, margins were made during the year and allocate them to members’ accounts. Your cooperative’s margin is any money left after all operating costs have been paid for the year. Because members are also owners of the cooperative, that money is returned to their accounts.

These capital credits will be returned to members at some time in the future when doing so will not weaken the financial condition of the cooperative. In the meantime, the funds remain invested in the cooperative plant while credited to each member’s account, even if a member disconnects a meter from Coleman County EC’s lines. That’s why it is very important that departing members keep the co-op informed of their current mailing address—so that they can receive capital credits allocations when they are paid.

The Coleman County EC 2018 capital credits distribution totaled $684,791.88. Golden Spread Electric Cooperative’s generation and transmission capital credits totaled $696,965.38.

An individual’s capital credits can be calculated by multiplying the member’s total annual bill by the factor listed below for the appropriate consumer classification. Notice that we have listed two columns below: One shows the factors for Coleman County EC’s distribution (power sold to our members), and the other shows factors for our generation and transmission co-op (power we purchased from Golden Spread EC). Being a member of Golden Spread EC has enabled us to return to our membership G&T allocations.

In calculating your total bill, include the security light charge but do not include any tax, service or miscellaneous charges. If you have any questions concerning these calculations, please feel free to contact the co-op office for your correct allocation for 2018.

Related image

2018 Patronage Allocations

 

Co-op

G & T

Residential

 

0.0643

0.0655

Irrigation

 

0.0741

0.0754

Commercial/Oil Field

 

0.0579

0.0589

Dressy-L.P. Special

 

0.0240

0.0244

CRMWD- M.W.P.

 

0.0051

0.0052

Ivey Intake-M.W.P.

 

0.0094

0.0095

Ivey Booster-M.W.P.

 

0.0161

0.0164

Page Features: