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Calculate Your 2008 Capital Credits

We’re a not-for-profit electric cooperative owned by the members we serve. Annually, amounts collected above the cost of providing electric service are credited to member-owners’ capital accounts based on their total billing less sales tax. The 2008 capital credit was 1.45 percent of your total bills for 2008, minus sales tax.

This includes all rates except QF, LPS, LGS or MBS. You can find your designation printed on your monthly bill. Members with those rates have received a separate notification.

Your capital credit dollar allocation is calculated by the 2008 allocation percentage, 1.45%, times your bills total for 2008, excluding sales tax.

Examples

If your total bills were $500

Bills for 2008 (excluding sales tax)

$500

Allocation Percentage

x 1.45%

Your Dollar Allocation

$7.25

 

If your total bills were $1,500

Bills for 2008 (excluding sales tax)

$1,500

Allocation Percentage

x 1.45%

Your Dollar Allocation

$21.75

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