What Are Capital Credits?
Capital credits represent your ownership of the cooperative.
We are a not-for-profit cooperative. When you receive electric service from Jeff Davis Electric Co-op, you become a member. Any excess operating revenue at the end of the year is returned to you as capital credits.
How Does It Work?
We use the money from your electric bill to pay operating expenses for the cooperative.
At the end of the year, any remaining revenue left over after paying operating expenses is called capital.
Our Board of Directors meets each year to decide how much of these funds to retire. Money is saved for several years in order to pay for system improvements and maintenance or to save for emergencies such as storms.
Any remaining excess funds will be returned to you, the member, as capital credits, based on how much electricity you used.
Claiming Capital Credits
Download the Capital Credits Heir Claim Form (PDF).