Manager’s Message – December 2022
Capital Credit Checks Are Headed to Your Mailbox
Happy Holidays from all of us at Northern Lights!
I am happy to announce that this year the board of directors authorized a total of $1,715,000 of capital credits from 1997 and 1998 to be returned to our members. This means that if you were a member of Northern Lights in those years, you will receive a check in the mail this December. Your credit is determined by the amount of energy you used during those years.
We work hard to serve our members by providing safe, reliable and affordable electricity. When revenues exceed the cost of providing service, these margins are returned to our member-owners 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 in turn 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 your name is on the list, please call us at (208) 263-5141.
As another option, you can always donate your capital credit checks to the Northern Lights Community Trust, which distributes funds to local charities in our service 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.