Oahe Electric belongs to its members. As owners, members have a responsibility to help finance their business. They do this by using our electric services and by allowing the Co-op to retain any money collected in excess of actual operating costs.
The money is used to build and maintain the facilities needed to serve the Co-op's members and to service our long-term debt. This money is considered to be capital furnished by the members—capital that will be returned to the members at a later date.
Capital Credits are refunded at the discretion of the Board of Directors whenever the Board determines that the financial condition of the Co-op will not be impaired.
Because you may receive Capital Credits in the future, it is imperative that you keep the Co-op informed of your current address. Even when you discontinue service with Oahe Electric, we ask you to give the Co-op a current mailing address and notify Oahe Electric of any subsequent address changes so that Capital Credit refunds can continue to be sent to you.