Manager’s Message — December 2020
Capital Credit Checks Headed to Your Mailbox
I know this year has been tough for many. I am certain many of us are ready to see 2020 come to an end and anticipate better days ahead in 2021. On a positive note for the end of the year, I am happy to announce the board of directors authorized $1,370,000 of capital credits from 1992, 1993, and 25% of 1994 to be returned to our members. This means if you were a Northern Lights member in those years, you will receive a check in the mail in December! Your check amount is determined by the amount of energy you during that time
We work hard to serve our members by providing safe, reliable, and affordable electricity. Since our members are owners, when revenues exceed the cost of providing this service, these margins are returned to the members in the form of capital credits. Capital credits are not immediately paid out the year they were earned. These funds are used by NLI for electric lines, trucks, and equipment needed to serve our members. This offsets our need to borrow money, which would cause higher rates.
Capital credits from years past that go unclaimed are held by the cooperative. A list of all members with unclaimed capital credit distributions is available on our website. If you find your name on the list, please call us at (208) 263-5141.
You can always donate your capital credit checks to the Northern Lights Community Trust, which distributes the funds to local charities in our services area. Please see the insert enclosed with your check for instructions on how to do this. Feel free to contact our office if you have any questions.
All of us at NLI wish you a safe and happy holiday. We hope you enjoy the time with family and cherish the holiday spirit!