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Capital Credits Check Coming Oct. 1
As a not-for-profit cooperative, every year GreyStone Power returns margins above the cost of doing business to current and former members who had power with the co-op during specific years. These Capital Credits checks are GreyStone’s way of returning a portion of your investment in the cooperative to you. You have helped the cooperative to be the success that it is today.
We are happy to report to you that due to GreyStone’s strong financial condition, this year’s $12 million return is our largest ever! This capital retirement represents margins earned by GreyStone during 2000, 2001 and 2017. The amount of your check is based on how much electricity you purchased during those years. A total of $112.6 million has been returned over the years, including 2018.
We are happy to report that GreyStone’s electricity prices are among the lowest in the state among 94 Georgia utilities, according to the Georgia Public Service Commission summer survey, as reported at psc.state.ga.us. GreyStone members pay on average $27.89 less than Georgia Power customers for the use of 1,000 kilowatt hours.
Thank you for helping us power our community!