You may see an allocation statement soon. Here's what that means.
If you purchased electricity in 2023, your April or May bill will contain a statement of your capital credit allocation. Amounts allocated are determined by your 2023 energy use. Capital credits are not returned the year they are earned so that they can be used to fund material and equipment purchases. This reduces the Co-op’s need to borrow money and helps keep rates low. Typically, capital credits will be paid to you several years later, so keep your address current!
