Capital credits are just one of the many benefits of membership that set co-ops apart from other utilities. Corridor Energy Cooperative belongs to the members we serve. Since we are a cooperative, any profits that exceed the amount needed to operate the cooperative are shared back with members over time. They are called capital credits.
Your board of directors approves the allocation of capital credits and determines the annual payment amount. Until then, these margins are reinvested to maintain and improve the electric system until the capital credits are issued to members.
The board of directors approved a capital credit payment of $1,000,000 for 2023. If you received service from us during that time, you will have a credit on your September bill statement based on your usage during that calendar year.