What if I move? Am I still eligible to receive my capital credits?
If you move out of our service territory, please keep us informed of your new address so we are sure to contact you regarding future capital credit refunds. To report your current address for future capital credit refunds, please email our Member Services department.
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What are capital credits?
As a member of Berkeley Electric Cooperative, you are also an owner. When you make a payment to Berkeley Electric, a portion of that payment goes directly toward your "capital" investment in our electrical system. Unlike investor-owned utilities that ...
What happens in the case of a deceased member?
As a cooperative member, your loved one earned capital credits during their time as a member with Berkeley Electric Cooperative. Since membership is terminated when a member passes away, you'll need to complete the attached deceased patronage ...
How are the capital credit refunds paid?
For active accounts, capital credit refunds are applied to your electric bill in the form of a bill credit. For inactive accounts, checks are issued and mailed to the last known address.
Do I have unclaimed capital credits?
The Cooperative maintains a list of unclaimed capital credits. Please check the following database to determine if any of these credits belong to you. If you find your name listed, please call 843-899-9120 for more information on how to claim the ...
When do capital credits get returned?
As a not-for-profit cooperative, our margins are allocated to our members every year. Allocation means the funds that you have invested in the cooperative are tracked, but not accessible in the form of cash. The actual distribution of funds, or ...