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Capital Credits

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  1. Acct Services
  2. Capital Credits

Your Cooperative is a non-profit organization owned by the members, or consumers, it serves. Members, as owners of the Cooperative, are called upon to supply capital to the Cooperative much the same as the owners of any other business. This is supplied by the surplus of the Cooperative's revenue over its operating costs on an annual basis. This capital may also be called margins or earnings. This is the only form of equity or "ownership" the Cooperative has.

Each time you pay your electric bill, you are making an investment in Guernsey-Muskingum Electric Cooperative. For instance, if in a given year, the Cooperative's margins were 8 percent of total revenue, for each $100 you paid for electric service, $8 was credited to your capital account. Every year, the Cooperative notifies each member/owner of the amount of capital credits they have been assigned for the prior year. Beginning in May 2000, this notification was included in the note area on the bills of current members. A separate letter is mailed to consumers who are no longer receiving service from Guernsey-Muskingum.

Your Cooperative retains this capital until the financial condition of the Cooperative permits the return of the money to the member. In order to allow more members to have an opportunity to share in a general retirement of capital credits, our method of retiring capital credits will continue to be a percentage of the total capital method. This means that each member will receive a refund for a percentage of the total capital in their account.

Your elected Board of Directors decides when capital credits will be allocated and retired. If you move off Guernsey-Muskingum's lines, please keep us informed of your current address so your capital credits can be mailed to your new address.

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Mon – Fri (7:30 a.m. – 4:00 p.m.)

17 S. Liberty St.
New Concord, Ohio 43762
Phone: 740-826-7661
Fax: 740-826-7171
Ohio Toll Free: 1-800-521-9879

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©2023 Guernsey Muskingum Electric Cooperative. All Rights Reserved.

  • Home
  • About Us
    • About Us
      • History
    • Board of Directors
    • Business Office Info
      • Directions
    • Careers
    • Code of Regulations
      • Articles of Incorporation
      • Code of Regulations
      • Mission Statement
      • Statement of Ideals
    • Competitive Difference
      • Deregulation and Choice
      • Generation Assets
      • Renewable Energy
    • Contact Us
      • Contact Update Form
    • Nondiscrimination Statement
    • Service Territory
  • Acct Services
    • Billing Services
      • Automatic Direct Bill Payment
      • Billing Rates
      • Budget Plan
      • Member Assistance
      • Payment of Bills
    • Capital Credits
    • Financial Assistance
    • Reading the Meter
    • Financial Assistance
    • Service Fee
    • SmartHub
  • Community
    • 4H Involvement
    • Community - Youth
    • Operation Helping Others
    • Scholarships
    • Youth Tour
  • Member info
    • ACRE Coop Owners for Political Action
      • ACRE - Frequently Asked Questions
    • Annual Meeting Notice
      • Directions to L. W. Miller School
    • Annual Meeting of Members
    • Cardinal Plant Tour
    • Energy Alternatives - EnviroWatts
      • EnviroWatts Application
    • FAQ
    • Ohio Cooperative Living
    • Peak Management
    • Renewable Energy
  • Operations
    • Service Specifications
      • Meter Pole - Overhead Service
      • Overhead Service - No Mast
      • Overhead Service - With Mast
      • Meter Pole - UG Service
      • UG Service - Pedestal Panel
      • UG Service - Pedestal Post
      • UG Service - Structure Mount
      • Ohio MH Commision
    • Before You Dig - OUPS and OGPUPS
    • Non-Outage Trouble Form
    • Reporting Outages
    • Trees and Right-of-Way
      • Select the Right Tree
    • Service Disconnect
  • Services
    • Geothermal
    • Air Conditioning
    • Dual Fuel
    • Aerator Transfer Switch
      • Generator Wattage Guide
      • Which Generator to Buy
    • Home Energy Audit
    • Radio Controlled Switches
    • Safety Demonstrations
    • Water Heaters
  • Useful Tools