GVEA Board Approves $9.3 Million in Capital Credit Refunds

At the October 22, 2018, GVEA Board meeting, the decision was made to retire all capital credits from 1993 (and earlier) plus 25 percent of the 2017 capital credits, which totaled $9.3 million. All refunds will be distributed by the end of November 2018.

How will the capital credit refunds be rolled out?

  • Checks will be issued to members whose refunds are greater than $100.
    • Checks will be issued by the end of November.
  • Members with refunds of less than $100 will have a credit posted to their November bill.
    • The line description on the bill will indicate which year the refund ties to, along with an associated account / service location tracking number.
  • Former members will be issued checks if balances exceeded $25.
    • It’s very important GVEA has a current mailing address in file, so the capital credit refunds can reach you.

If you have capital credits questions, you can call 907-451-5625 (or 1-800-771-4832) or email capitalcredits@gvea.com. Additionally, there’s more info available on GVEA’s website, located here.

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