Nolin is pleased to be retiring $5.5 million of previously allocated capital credits for the years 1995, 1998, 2003 and 2021 as well as $1.2 million in East Kentucky Power capital credits from 1976, 1981 and 1982. This means 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 sometime this month or in December.
In general, 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 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, find information HERE or call our office at 270-765-6153.