Nolin to Pay Out $1.3 Million in Capital Credits this Year
Nolin is pleased to announce that we are retiring nearly $1.3 million of previously allocated capital credits for the years 1991 and 2019 as well as East Kentucky Power Cooperative capital credits from 1972 and 1973. This means that anyone who was a member and received a capital credit allocation for any of those years can expect to receive a bill credit or a check in the mail starting in mid-November.
Generally speaking, the amount of the capital credit retirement you receive is determined by the amount of your electric bills. This entitles you to your fair share of the margin distribution after expenses are paid. A discounted retirement of any accumulated capital credits is payable to the estate of deceased members. Application for discounted retirement can be made by an authorized representative of the estate. Call us or stop by our Elizabethtown or Radcliff office for more information.
Unless you need to contact us about a deceased member’s estate, you do not have to do anything to receive your allocation. If you have any questions about how capital credits work, call our office at 270-765-6153.