Capital Credits

One of the principals of a cooperative is that it is non-profit. Of course, it is impossible to establish rates whereby the revenue and expenses are equal. Since you are one of the owners of the cooperative, part of the capital left over after the deduction of all expenses is yours. The portion of the capital each member receives is determined by how much electricity has been purchased.

Each year all electric members will be allocated their share of the cooperative’s capital for the preceding year. Between the time capital credits are allocated and the time they are paid to you in cash, the money is used by your cooperative to maintain and improve the electric system to insure adequate and dependable electric service.

Capital credits are credited to your energy bill after the allocation has been approved by the Board of Directors. If you are not a member of the cooperative, a check will be mailed to you. The earliest credits accumulated by cooperative members are paid first and then a percentage of each of the later years.

If you move from KPC’s service area, please keep us informed of your current address so that future capital credit refunds can be sent to you promptly. Unclaimed capital credits are given as scholarships to area students who plan to further their education.

Please also inform your Cooperative if changes are made on your account such as divorce, death or business dissolution.

In the case of a divorce, A “Transfer of Capital Credits by Owner” form must be signed by both members that have joint ownership and must specify what percentage goes to each individual. (Capital Credit Transfer).

If a death occurs and Capital Credits are to be paid out to the survivor(s) a request form for “Withdrawal of Capital Credits upon Death (Probate or No Probate) must be issued and approved by our Board of Directors in order to be paid out. (Capital Credit Estate Form ).

If a business is dissolved, an Application for Distribution of Capital Credits must be signed in order to pay out the Capital Credits to the applicant of the account. (Capital Credit Payout).

Capital Credits

• Capital Credit Forms
  
  
• Unclaimed Capital Credit List