Capital Credits

When you moved into Great Lakes Energy’s service territory and began purchasing electricity from us, you became a member of the Cooperative. Because electricity is delivered to your home by Great Lakes Energy, you are a member and an owner. This means that all Great Lakes Energy assets – even the poles and wires – are owned by our members.

As a member-owned Cooperative, Great Lakes Energy allocates and eventually returns its annual margins (i.e. profits) to its member-owners in the form of capital credit refunds. It’s part of the value you receive for sharing in the ownership of a cooperative. Capital credit refunds are issued as a credit on your bill or may come as a check if you are no longer receiving a bill from us. Please be sure to keep us informed of any changes in your mailing address.

For the past four years, your cooperative’s healthy financial position has allowed us to return a portion of your capital credits. We plan to continue to refund capital credits each year provided financial conditions allow us to do so.