Unclaimed Patronage Capital Credits
Recently we issued capital credit refund checks. We have been unable to deliver checks to some members because of incorrect addresses or because the recipient is deceased. The document below lists these names and amount of their credits.
What Are Capital Credits?
Because Lower Valley Energy is a cooperative, owned by its members, it does not technically earn profits. Instead, any revenues over and above the cost of doing business are considered margins. These margins represent an interest-free loan of operating capital by the membership to the cooperative. This capital allows Lower Valley Energy to finance operations and to a certain extend construction, with the intent that this capital will be repaid to you in later years.