Capital Credits Explained

Capital Credits Member Search

Mt. Wheeler Power does its best to deliver capital credits to former or current members who have moved from their last known address or did not cash a check that was sent to them. It is recommended that you keep your most recent address on file by calling Mt. Wheeler Power. We continue to carry unclaimed capital credits amounts on our books for up to two years. If we are unable to locate the member, the law requires us to donate it to a charitable organization. Our current policy, as set by the board of directors, is to donate all unclaimed capital credit money to local community programs such as student scholarships. If you have viable information regarding someone on our list, please contact us. This would include a mailing address, phone number, or last known whereabouts.

Capital Credits Explained

Mt. Wheeler Power is a cooperative, owned by its members, so it does not technically earn profits. Instead, any revenues over and above the cost of doing business are considered “margins.” These margins represent an interest-free loan of operating capital by the membership to the cooperative. This capital allows Mt. Wheeler Power to finance operations and to a certain extent construction, with the intent that this capital will be repaid to you in later years.

The amount of capital credits earned in a given year is based upon the amount of capital you contribute to the association through payment of your monthly bills. The more electric services you buy, the greater your capital credits account – although the percentage will remain the same. The sum of your monthly bills for a year is multiplied by a percentage to determine your capital credits.

The percentage of your total payment that is allocated as capital credits varies from year to year, depending upon the success of the cooperative. Capital credits are only allocated for a year in which Mt. Wheeler Power earns margins. Since capital credits are a member’s share of the margins, no credits are allocated for a year with no margins. For years in which MWP earned margins, the allocation generally ranged from 4 to 12 percent of annual bills.

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Capital Credits Member Search

Capital Credits Explained

What are capital credits?

What’s the difference between allocated and retired capital credits?

What’s the difference between allocated and retired capital credits?

What do I have to do to start accumulating capital credits?

How are capital credits calculated?

What percent of my bill is returned as capital credits?

Do I have to be a customer for an entire year to earn capital credits?

Will I receive a capital credits check every year?

What happens to my capital credits when I leave the MWP service area?