Raft River Rural Electric Co-op, Inc. is operated on a cooperative non-profit basis. If you receive electric service from Raft River Rural Electric Co-op, Inc., you are a member/owner of the Cooperative.
One of the benefits of being a member is patronage capital credits. Patronage capital credits come from margins, or money left over at the end of the year after all operating costs and expenses have been paid. These margins are allocated to each member’s capital credit account based on how much electricity the member purchased that year. The allocated margins are retained and used by Raft River Rural Electric Co-op, Inc. for operating capital. This reduces the amount the Cooperative has to borrow.
Each year the Board of Directors determines if the Cooperative is financially able to pay prior years’ capital credits back to the members. When so approved, the Cooperative refunds designated prior year’s capital credits to the members who used electricity during the designated years. Raft River Rural Electric Co-op, Inc. refunds capital credits on a first-in, first-out basis.
Even if you move and are no longer a member of the Cooperative, the capital credits remain in your account. Be sure to update your mailing address with Raft River Rural Electric Co-op, Inc. if you move so we can send future capital credit checks to the correct address.
A list of unclaimed capital credits can be found via the link below. If you have any contact information for these individuals, please contact our office. To file a claim, please use the Patronage Claim Form.