By definition, a cooperative is “an enterprise that is collectively owned and operated for the mutual benefit of all members.” One aspect of Jefferson Energy being an electric cooperative is that we operate on a not-for-profit basis. In other words, we are not in business to make money and pay dividends, but to provide a valuable service to our members.
As a member of Jefferson Energy Cooperative, you not only get the benefit of reliable electric service, but the opportunity to receive a return on your investment in the form of Capital Credits.
Capital Credits come from the money left over (called margins) after all expenses are paid in a given year. These margins are treated as capital contributed by the membership to the cooperative to help reduce the cost of borrowing and to hold down rates.
The Jefferson Energy by-laws and Equity Management policy allow for Capital Credit retirement if the board of directors determines that it will not adversely affect or impair the cooperative’s financial position.
We are currently retiring Capital Credits for the years 1972 – 1976.
For more information on Capital Credits, please call Jefferson Energy’s Customer Service Department at 1-877-JEFFERSON.
For your convenience, Jefferson Energy has provided a database that allows you to search for unclaimed capital credits. Click on the link below to search by name or address.
