May 10, 2017 – Homer Electric members will be receiving capital credit allocation notices on their June statement. This notice is to inform members of their equity accrued in HEA for the year 2016.
The patronage capital credits will be reflected on your statement as “Notice of Capital Credit Allocation.” This represents your share of the margins realized by your Cooperative for the year 2016. These margins are allocated to all member-owners based upon the total dollar amount purchased for electric energy in 2016.
Capital credits shown on the June statements cannot be applied to electric bills or toward payment for other HEA services. This is not a refund. The decision to refund capital credits rests solely with the HEA Board of Directors and is dependent on the financial situation of the Cooperative and the provisions of its By-Laws. Should you discontinue service with HEA and/or change current mailing address, please notify HEA of the new address as there may be future correspondence relative to the final disposition of these capital credits.
For more information on capital credits, go to http://www.homerelectric.com/my-benefits/