Wheatland to Retire $750,000 in Capital Credits
It’s time for you to get the credit—Capital Credits, that is—for helping build, sustain, and grow your local electric cooperative. In December 2017, Wheatland Electric Cooperative will retire $750,000 in Capital Credits, to both active and inactive members, across portions of sixteen counties served by the co-op.
When you sign up to receive electric service from an electric co-op, such as Wheatland Electric, you become a member-owner of that electric co-op. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate on an at cost basis. So instead of returning leftover funds, known as margins, to folks who might not live in the same region or even the same state as you do, Wheatland Electric allocates and periodically retires Capital Credits (also called patronage dividends, patronage refunds, patronage capital, or equity capital) based on how much electricity you purchased during a year.
This year, Wheatland Electric members who purchased electricity in 1987 and 2016 will receive a Capital Credits retirement. The retirement will be through a check or bill credit, and reflects your contribution of capital to and ownership of, the cooperative during those years. The percentages of Capital Credits retired for the aforementioned years are as follows:
1987 may seem like a long time ago, however, those funds helped Wheatland Electric reduce the amount of money we needed to borrow from outside lenders to build, maintain, and expand a reliable electric distribution system, and covered emergency expenses. If you
were a member in 1987 and 2016 you will receive two Capital Credits retirements.
In December 2017, each Wheatland district office will host Wheatland Capital Credits Harvest Days. On specific days during that month, each Wheatland Electric district office will have Capital Credits checks ready for pickup. If the amount owed is less than $20 Wheatland Electric will credit your electric bill in December (no Capital Credits will be paid that are under $1).
Click here to find out if you have a check to pick up.
Once you've accessed the PDF, click Ctrl F to search by name, enter your last name followed by your fist name using no commas (last name first name), you can then scroll through the results by using the up and down arrow.
We will have coffee and snacks available from 10 a.m. to 2 p.m. on these days. We’d love for you to stop by and visit with your fellow members, friends and employees of the cooperative. Below is a schedule of the Capital Credits Harvest Days, scheduled for each Wheatland Electric office:
Monday, Dec. 4 – Scott City
Tuesday, Dec. 5 – Leoti
Wednesday, Dec. 6 – Tribune
Thursday, Dec. 7 – Syracuse
Friday, Dec. 8 – Garden City
Monday, Dec. 11 – Great Bend
Wednesday, Dec. 13 – Harper
Inactive members or persons not currently purchasing their electricity from Wheatland Electric, but who were members during the years of the Capital Credits retirement will receive a check for their Capital Credits. It is very important that Wheatland Electric has the current mailing address of all inactive members to ensure the delivery of the Capital Credits checks.
Email us to confirm or update your mailing address. Please see the following pages for a list of frequently asked questions regarding Capital Credits.