Capital Credits

In a co-op, everyone gets a piece of the pie.

It Pays to Be a Member

As a member of KEC, you are also an owner. When you make a payment to KEC, a portion of that payment goes directly toward your investment in our electrical system. Unlike investor-owned utilities that generate profits on behalf of shareholders, not-for-profit electric cooperatives return any profits, or margins, to their members in the form of capital credits.

  • Who gets a capital credit refund? 

    • Every member who purchased electricity from Kay Electric during the allocation years being retired.

  • When do you return capital credits? 

    • Each year, KEC's Board of Directors evaluates how much to return, taking into consideration such factors as the impact on electric rates and financial strength of the co-op. Capital credits may not be returned every year.

  • How is my refund amount determined? 

    • Your refund amount is based on the amount of electricity used and the years of service that are retired.

  • How are the funds paid? 

    • Members receiving refund amounts of $5 or more receive a check in the mail; amounts under $5 are held until future retirements reach $5.

You received a check. What happens if:

Simply write "return to sender" on the outside of the envelope and return it to the post office. Please include an updated address if possible.

The check can be written in the heir's name once the proper paperwork is on file with KEC. Please contact us at 800-535-1079. The heir will need a valid driver's license, proof of death and properly completed and signed claim form.