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What are capital credits?
Each year, GreyStone returns a portion of prior years’ margins (known as profits in a for-profit business) to members. Capital credits checks, mailed every fall (around Oct. 1) represent a portion of the margins from the most recent year and the oldest previous year(s). For 2019, members are receiving a return on their investment in GreyStone from the years 2001, part of 2002 and part of 2018. Only those receiving power from GreyStone in those years will receive checks.
The amount is determined by the portions of your energy use. GreyStone has returned more than $125.2 million in capital returns to members since 1936, and the latest installment amount to be returned to members for their investment in the cooperative is $12 million.
To learn more about capital credits and to find out what happens to unclaimed balances, visit our Capital Credits Q&A page.