Capital Credits Harvest Days
Coming December 20th from 10:00 a.m. - 2:00 p.m at your local Wheatland Electric Office
Pick-up your capital credits check at Harvest Days on Dec. 20 at your local WheatlandElectric office.
Capital credits are a big part of Wheatland Electric’s business model and are just one of the things that makes a cooperative different from many other utilities. Any revenue above the cost of doing business is considered "margins." These margins represent an interest-free loan of operating capital by the
membership to the cooperative. This capital allows Wheatland to finance operating costs and expenses, with the intent that excess capital will be repaid to the members in later years through capital credits.
Wheatland’s Board of Trustees decided it was economically feasible to retire $1 million in capital credits. Sunflower Electric’s Board of Trustees also approved retiring capital credits to its membership (Wheatland Electric is a member). The Wheatland Board of Trustees also approved $250,000 of those retired capital credits to be paid to the Wheatland membership. This brings the total retirement to $1,250,000.
Click here for a complete list of members who will be receiving a Capital Credits check.