Capital
Credits are a benefit of membership in a customer-owned utility.
Each year Fairfield uses the revenues that exceed operating costs as
equity.
These
funds and borrowed capital allow Fairfield to serve a growing number of
customers while implementing the latest technology to provide the best
possible service. As a not-for-profit utility, Fairfield later returns
these revenues to the member-owners who originally paid them in their
electric bills.
The
amount of Capital Credits returned to you is determined by total
revenues received over expenses for the cooperative and your total
energy billings for the year.
If
you move, be sure to leave your forwarding address with us so we can
send your Capital Credits check to you. You do not normally have to
report your Capital Credits payment on your income tax return. However,
if you have any questions concerning tax liability, consult your tax
preparer.