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CHELCO retires $3.4 million in capital credits

Wednesday | November 30, 2022
All News

DeFuniak Springs (Nov. 30, 2022) – CHELCO’s Board of Trustees has approved a retirement of $3.4 million in capital credits to be returned to approximately 69,000 current and former members.

As a member-owned, not-for-profit electric cooperative, CHELCO exists to provide safe, reliable and affordable service to its members. If CHELCO collects more money than it costs to operate, these additional margins are returned to the members. These margins are called capital credits.

Each year, the Board of Trustees determines if CHELCO’s financial condition will allow the retirement of a portion of the capital credits. CHELCO retires capital credits and returns them to members on a 20-year cycle, meaning that those who were CHELCO members in 2002 and/or 2021 will receive a capital credit check based on how much business the member did with CHELCO in those years.

CHELCO will begin the distribution of capital credits in early December. Visit CHELCO.com to learn more about capital credit allocations and retirements.

CHELCO is a not-for-profit electric distribution cooperative serving more than 61,000 accounts in Walton, Okaloosa, Holmes and Santa Rosa counties.

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©2023 Choctawhatchee Electric Cooperative (CHELCO). Powering our community, empowering our people!

  • Home
  • About Us
    • About CHELCO
    • Careers
    • CHELCO NEWS
    • Contact CHELCO
    • Key personnel
    • Press Releases & Media Contact
      • CHELCO's annual charity golf tournament raised over $8k
      • CHELCO powers-up first co-op solar array in NW Florida
    • The Cooperative Difference
    • Trustees and elections
    • Annual Reports
    • CHELCO Bylaws
  • Storm Center
  • Member Service
    • New Member Service
    • Capital Credits
    • CHELCO Rates
    • New Construction
    • Offices & Hours
    • Statement & Billing Options
    • Ways to Pay
  • Energy Efficiency
    • Energy Efficiency Programs
    • Renewables
    • Electric Vehicles
    • Outdoor & Decorative Lighting
    • Switch to Save
    • Surge Protection
    • Heat Pump Rebates
    • Energy Audits
    • Energy calculators
    • Together We Save
    • State and Federal Programs
    • Energy Efficiency Cost Benefit
    • Manufactured Home Rebates
    • Energy Savings - Beat the Peak
  • Education & Community Programs
    • Operation Round Up
    • Members Helping Members
    • Education Programs
    • Co-op Connections Discount Program
    • Scholarships
    • Youth Tour
    • Annual Meeting
    • Co-ops Vote
    • CHELCO Charity Golf Tournament
    • Economic Development
  • Recipes