LCEC pays capital credits to current and former members when the LCEC Board of Trustees declares a payment (general retirement) for previous years. For example, in 1994, LCEC paid capital credits from 1950-1955. It takes so long to get capital credit allocations beause LCEC is a rapidly growing co-op. As new businesses and homes are added to our system, the construction of new electrical infrastructure requires a large amount of capital. In addition our lenders require certain levels of equity. If we fall below that level, capital credits cannot be paid.
If a member has passed away, capital credits that have accumulated can be released through an estate retirement. The electric account must be closed or transferred into another name. It is important to keep the cooperative informed of any address changes so a check can be mailed to you when capital credits are disbursed.