Capital credits are a benefit of membership in a member-owned utility.
Blue Ridge Electric Cooperative has unclaimed capital credits
for the following persons »
Members of an electric cooperative have some very special advantages. One of these is capital-credit refunds. During the month of April 2014, $1,000,000 will be mailed to members who received service in 1986. Capital credits are the remaining margins after all expenses for a year have been paid. Refunding of these margins is one of the advantages you enjoy as a Blue Ridge Electric Cooperative member.
The cooperative uses the annual revenues that exceed operating costs to build equity. These funds, along with borrowed capital, allow Blue Ridge to continue to expand electric service to growing areas, as well as to employ new technologies for the improvement of power quality. At a later time, as the financial position of the cooperative permits, the assigned margins are returned to the members who originally paid them as part of their electric bills.
Blue Ridge Electric Cooperative has made refunds of capital credits in every year since 1983, with more than $22.2 million returned through 2014.
If you should move to a new location, be sure to leave a forwarding address with Blue Ridge so that we can continue to send your capital credit check to you in the years to come.
"Regular retirements of capital credits are just one of the many benefits cooperative members receive," said Charles Dalton, Blue Ridge Electric President and CEO. "As a member-owned organization, we also place a strong emphasis on service. Our reason for existing is to serve our members."
When you hear about reward programs, remember this one. There's no action you need to take, and the concept is simple. The cooperative provides reliable power at the lowest possible price, AND we return money to you. This is a principle that has been around for 74 years—since the day Blue Ridge Electric Cooperative was established.