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2021 Patronage Capital Allocation

Thursday | September 1, 2022
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     CHEC is a cooperative and operates as a not-for-profit organization, returning the profits or margins to you, our members. After closing the record books each year, these margins are allocated to the members based on the dollar amount of electricity purchased during the year.

     After this allocation, these margins are referred to as “capital credits.” A portion of these capital credits is refunded to the members around December of each year.  These refunds are in the form of checks or are returned to members as credits on their bill.

     The remaining capital credits not refunded to members in a calendar year are invested in the facilities of the cooperative and also are retained as operating funds. These funds will also be refunded to the members in future capital credit retirements, as approved by the CHEC board of directors. This allows the cooperative to reduce costs by reducing the amount of money the cooperative has to borrow, repay and pay interest on.

      The patronage capital allocation factor per $100 of electricity usage for 2021 is $18.78.

 

  • Home
  • Member Center
    • Member Center
    • My Account
    • Applications & Forms
    • Billing Options
    • Payment Options
    • Capital Credits
    • Coop Connections
    • Electel Credit Union
  • Electric Service
    • Electric Service
    • Rates
    • Interconnection Agreements
    • Metering
    • Service Rules & Regulations
    • Schedule of Charges
  • Energy Solutions
    • Energy Solutions
    • Bring Your Own Thermostat
    • Community Solar
    • Home Energy Assessment
    • Ecobee Thermostats
    • Electric Vehicles
    • Energy Efficiency Loans
    • Energy Star Rebates
    • Secondary Fridge/Freezer Turn-in
    • Solar
    • Surge Protection
    • Water Heaters
  • Community
    • Community
    • Bright Ideas Education Grants
    • Cape Hatteras Electric Foundation
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    • About Us
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    • Contact Us
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    • Safety
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Contact Info

47109 Light Plant Rd

PO Box 9

Buxton, NC 27920

(252)995-5616

Outages: 866-511-8962

About Us

Cape Hatteras Electric Cooperative, headquartered in Buxton, NC, serves over 7,900 homes and businesses with electricity on Hatteras Island.

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©2023 Cape Hatteras Electric Cooperative. All Rights Reserved..

  • Home
  • Member Center
    • My Account
    • Applications & Forms
    • Billing Options
    • Payment Options
    • Capital Credits
    • Coop Connections
    • Electel Credit Union
  • Electric Service
    • Rates
    • Interconnection Agreements
    • Metering
    • Service Rules & Regulations
    • Schedule of Charges
  • Energy Solutions
    • Bring Your Own Thermostat
    • Community Solar
    • Home Energy Assessment
    • Ecobee Thermostats
    • Electric Vehicles
    • Energy Efficiency Loans
    • Energy Star Rebates
    • Secondary Fridge/Freezer Turn-in
    • Solar
    • Surge Protection
    • Water Heaters
  • Community
    • Bright Ideas Education Grants
    • Cape Hatteras Electric Foundation
    • Carolina Country Magazine
    • Cooperative Leadership Camp
    • College Scholarships
    • Economic Development
    • Photo Contest
    • Touchstone Energy Sports Camp Scholarships
    • Youth Tour to DC
  • About Us
    • About Touchstone Energy
    • By-Laws
    • Careers at CHEC
    • Contact Us
    • Privacy Policy
    • Statement of Nondiscrimination
  • Safety
    • Call Before You Dig
    • Safety Quiz
    • Storm Center