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|One of the best parts of being a member of CCECA is that you share in our economic well being. Because CCECA is a non-profit enterprise, if any revenue remains after yearly costs have been subtracted it is ultimately returned to our members through the capital credit system. Remaining revenue is called the margin. It is important to note that a margin may not occur every year.|
capital credit system ensures that if a margin occurs, it will be equitably redistributed
to members, based on the dollar value of their electrical usage billed for that year. A
separate record for capital credits is maintained for each member. When a margin occurs,
the amount of the margin earned by each member is calculated and allocated to the member's
capital credit record for that fiscal year. For example, if CCECA experiences a margin of
one percent of the total revenue for the year, each member will have $1.00 for each
$100.00 they paid for electricity that year allocated to their capital credit account.
If and when a margin occurs, you will be notified of the formula you can use to calculate your capital credits. CCECA remains in control of the funds and is permitted to use them as equity capital until financial conditions permit a payout and the Directors determine funds available. Whereupon, you will be mailed a check for your prorated portion of capital credits being retired.
Direct any questions or comments to Pam Kennedy @ 903-683-2248 or e-mail email@example.com.
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