Chelco co-op check?

[Desso]

In the late 80's through the late 90's I use to receive a check at the end of each year. They started at about $200 and over the years dwindled down to about $40. The check was a dividend payed from the net profit, from what I understood. After emergency funds, cost of new equipment, etc. they distributed the money based on a percentage of how much your account totaled through the year. They stopped for me years ago, and I don't expect for them to start again. joho, do you still get a check or should I say were you getting a check until recently?

 

[Matt J]

The first home I ever knew was in Gadsden county which had a co-op. We moved when I was 5 to Tallahassee and for years we got checks. We couldn't figure it out except that the old house had been owner financed and the new owners never changed the electric service over. We stopped getting them in the mid 90's and never thought anything about it until we got a huge one around 2000. Turns out that the co-op execs were paying themselves huge bonuses instead of paying out dividends. Someone complained and they had to return most of the money.

 

[NightAngel]

The first home I ever knew was in Gadsden county which had a co-op. We moved when I was 5 to Tallahassee and for years we got checks. We couldn't figure it out except that the old house had been owner financed and the new owners never changed the electric service over. We stopped getting them in the mid 90's and never thought anything about it until we got a huge one around 2000. Turns out that the co-op execs were paying themselves huge bonuses instead of paying out dividends. Someone complained and they had to return most of the money.

I guarantee you that the execs at Chelco are not hurting for money either. The good ole' boy system is alive and well in Walton county.

 

[ShallowsNole]

We (my parents, then myself, then Fuzz) have received capital credits from CHELCO from time to time, but never annually, and it's been a while since we got one. Depends on length of service and whose name the service is/was in.

We were on averaged billing once, when I was a stay-at-home mom and unpleasant surprises would have meant no baby food or diapers. It was very handy. We are not using it now, as we need to stay motivated to use less energy.

If you are referring to the building on east 98 as the Taj Mahal, you are blaming the wrong agency for having it built.

Now I have to go prepare for not using much electricity tomorrow morning. This is going to suck.

 

[joho]

Sorry for the time frame................I've had company for two days.

I have received a check from Chelco for the last several years. Any where from $50.00 up to $90.00. I thought it came around the end of the year.

I have been a customer since 1979 and figured the check was based on Chelco being a co-op. It was always a great bonus to help pay for your January electric bill.

It was like getting a month for free. the checks have been consecutive for many years in a row, I'll have to call and follow up.

 

[joho]

In the late 80's through the late 90's I use to receive a check at the end of each year. They started at about $200 and over the years dwindled down to about $40. The check was a dividend payed from the net profit, from what I understood. After emergency funds, cost of new equipment, etc. they distributed the money based on a percentage of how much your account totaled through the year. They stopped for me years ago, and I don't expect for them to start again. joho, do you still get a check or should I say were you getting a check until recently?

I got one last year for around $98.00. My sister got one too.

 

[NightAngel]

This whole thread shocks both me and my mom. I have been here since 1983 and my mom since 1981 and neither of us have EVER received a check from Chelco. She has owned a home here since then and I have owned 2 and am living in the 3rd one since 1994.

 

[John R]

I got home to the message from chelco about the potential for the peak outage. My first thought was how about chelco using peak billing? This way, those who do conserve and use energy during off peak ours get billed at a cheaper rate. Other providers do it, chelco certainly can.

 

[joho]

I got one last year for around $98.00. My sister got one too.

Chelco continues to send out checks to those members who have been with the member-owned not-for profit electric company for over 20 years.

It's not enough to pay my bill but pretty damn close!

Happy Easter Chelco! ;-)

 

[jodiFL]

I just got one yesterday... $50 and some change. It said it was for 1989. I am glad it only took them 21 years to realize they made a profit that year.