HEA To Return $1.5 million To Members From 1986-87

first_imgCapital credits haven’t been retired, and payments haven’t been made, since 2012. Shelley says that’s largely because HEA’s finances were committed to the Independent Light project. Payments will be made the week of April 17, 2017. The average amount for a residential member will be $75. FacebookTwitterEmailPrintFriendly分享Homer Electric Association will soon distribute $1.5 million to members who were active between 1986-87. HEA’s Bruce Shelley says the payments are called ‘capital credits.’ When the co-operative earns more than it spends, the excess is distributed back to members. Shelley says a business would describe that ‘excess’ as profit, but HEA is a co-op and ‘profits’ are described as ‘margins.’ From 1960 through 2017, HEA has returned over $18.9 million in capital credits to members of the cooperative.last_img


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