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As of 3 p.m. on Wednesday, September 4, the eye of Hurricane Dorian has nearly passed the state of Florida. The forecast calls for tropical storm force gusts and periods of heavy... Continue Reading ›

Clay Electric is following Hurricane Dorian’s movements and preparing for its possible arrival next week in North Florida. The co-op suggests everyone keep an eye on the projected... Continue Reading ›

Clay Electric is making pre-storm preparations for Hurricane Dorian and urges its members to do the same. Due to the anticipated storm track, the co-op is preparing for potential... Continue Reading ›

Clay Electric’s annual vehicle and equipment auction is going on now through April 30. More than 50 vehicles, pieces of equipment and other items are up for auction. Photos and... Continue Reading ›

A forecast team from Colorado State University has predicted a slightly below-average level of activity in the Atlantic basin this hurricane season. The CSU Tropical... Continue Reading ›

The co-op will offer a vehicle and equipment auction as an online event this month. Photos and information on each vehicle and other auction items will be posted on the George... Continue Reading ›

Capital Credits

Capital Credits

Clay Electric's board of trustees declared a $12 million Capital Credits refund in January 2019 for current and former members who received service from the co-op from 1989 through 2017.

Capital Credits refunds are available to members of the co-op because Clay Electric is not-for-profit. As a result, at the end of each year when it's determined how much revenue exceeds total expenses, the difference is assigned to members as Capital Credits based on the amount each member was billed for electricity during the year.

For present members entitled to a pro rata share of the refund (must have received service sometime from 1989 through 2017), they received a credit on their March electric bill. Issuing a credit on an electric bill helps the co-op reduce expenses such as check printing, envelopes, postage, bank fees, etc. Former members were mailed their Capital Credits check to their latest address on file.

Also, as a special service for its business members, the co-op offers flexibility in the distribution of Capital Credits refunds in order to accommodate the particular needs of a business. For example, a business with multiple accounts may desire to have a single check issued (or perhaps a credit) to a single account as opposed to several accounts. To discuss your particular needs, call 1-800-224-4197 between 8 a.m. and 5 p.m. and ask for the Capital Credits section of the Finance and Administrative Department of the cooperative.

Former Members
If you think you may have unclaimed Capital Credits, you can check here. You will need to provide either the last name the account was in and the last four digits of the social security number; the account number; or the location information.

Capital Credits Q&A (PDF) 
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