Derrick R. asked

⚖️  Law

NOVEC electric company owes me a Capital Credit balance of $1,466.19 from many years ago and has been paying me about $9.06 per year. I am 71 years old. Their statement indicates that the check is for payment of 17.85% of my 1994 Capital Credit account balance and 0.275% of my 1995 through 2015 Capital Credit account balance. Is there a way to receive the full amount owed now?

November 16th, 2023

Cynthia W. answered

Capital Credits are a portion of the Cooperative's net profits shared by all of NOVEC's customers. T...

November 16th, 2023

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