Capital credits are one of the core differences between co-ops and investor-owned utilities. Because members enjoy ownership of the company, each year they receive a share of the co-op’s net margins—the amount of money that is left over after paying all expenses for the year. The cooperative refers to these shares as capital credits.

Randolph EMC’s net margins totaled $4,596,527 at the close of 2022. This amount has been allocated among the capital credit accounts of members who had an active electric account during 2022. Each member’s share is based on a percentage of $4,596,527, determined by the total amount of energy purchased for the year.

Remember, the refund you may have received in June that included capital credits from 2022 represents only a portion of 2022’s total allocation.

Calculate Your Allocation

1Add together all the energy-related charges from each monthly electric bill you received in 2022.

2Add together the totals from each month’s bill obtained in Step 1 to find the total for the year.

3Multiply this total by 0.068903. This will give you the capital credits amount allocated to your account for 2022.