CAPITAL CREDITS TYPES OF UTILITIES
MUNICIPAL COOPERATIVE INVESTOR-OWNED SYSTEMS Owned and operated Privately owned Owned by cities, by the people they by shareholders/ counties, or states serve investors Not-for-profit Not-for-profit Operate for a profit
When you sign up for service with Cass County Electric Cooperative, you become a COOPERATIVE member.
YOUR MONTHLY BILL BASIC CHARGE Monthly charge that covers the cost to provide electrical service (infrastructure) Included in capital credit allocation FRANCHISE FEES Fee charged by the cities of Valley City, Fargo, Horace, and West Fargo Not included in capital credit allocation
$
ENERGY CHARGE Charges for energy consumed during the billing period Included in capital credit allocation PURCHASED POWER ADJUSTMENT A variable component calculated from the cooperative’s monthly wholesale power cost Included in capital credit allocation
WHAT ARE CAPITAL CREDITS?
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Cass County Electric tracks how much electricity you buy and how much money you pay for it throughout the year.
We pay the bills for things like power generation, maintenance, and new construction.
Then, at the end of the fiscal year, the cooperative determines if there are excess revenues, called margins.
Next, the cooperative allocates those margins to members as capital credits based upon their electric bill.
Lastly, your board of directors decides to retire, or pay, the capital credits when our financial condition permits.
HOW DO I RECEIVE MY CAPITAL CREDITS?
OR CHECKS ISSUED: Inactive, former members CREDIT ON BILL: Members with an active account
A minimum $5 capital credit amount must be met
$2
.75
million
The Cass County Electric board of directors has approved the retirement of capital credits for the years 2004 and 2005 (partial) as well as estate and early retirement payments.
Search our list of unclaimed capital credits at CassCountyElectric.com/capital-credits to see if anyone you know is owed money from Cass County Electric Cooperative! These credits’ taxability depends on whether your electric bills served as a business tax deduction on your income tax return for the years in which the capital credits were allocated. For most individuals, the receipt of capital credits is non-taxable. Please contact your tax preparer if this tax deduction pertains to you, as this information is provided as a courtesy and is not intended to be construed as legal or tax advice.