In This Section
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Capital Credits
As a cooperative, we operate as a non-profit organization. All
revenue in excess of expenses is eventually returned to our members.
These funds are referred to as “capital credits.”
Like any other business, the cooperative must be prepared to expand, upgrade, and
Capital Credits
even rebuild. Therefore, your equity, in the form of capital credits,
ensures that the electric needs of Hatteras Island will continue to be
met. As debt is retired, the cooperative will, from time to time,
authorize the return of a portion of these capital credits. This money
belongs to you, our member-owners. Since 1995, over $4.6 million has
been returned to our members in capital credits. Your share is
determined by the amount of electricity you used in the year for which
the funds were set aside. Therefore, it is important that you notify
us of any address changes so these funds can be returned to you as
they are retired. |
