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Capital Credits

Capital Credit Refunds Total $7.2 Million

At the November 20, 2017, GVEA Board meeting, the decision was made to retire all capital credits from 1992 plus 25 percent from 2016, which totals $7.2 million. All refunds will be distributed by the end of December 2017. Why is a portion of the 2016 capital credits being refunded? This …

GVEA Board Approves $6 Million in Capital Credits Refunds

In the November edition of the Ruralite magazine, there’s a one-page article (page 4)  that explains what capital credits are. Unfortunately, when the printing deadline rolled around, we didn’t know what the anticipated 2016 capital credits disbursement would be. Therefore, the article was “generic” in nature.  Click here to read that one-page …