ORANGE PARK, Fla. —
The Clay Electric Cooperative’s board of trustees has declared a $12 million Capital Credits refund.
These refunds are usually disbursed in March, but trustees say they wanted to get the money out early to help families struggling during the pandemic.
“As COVID-19 began affecting our region in March, we quickly took appropriate steps to reduce the effect on our members. We suspended disconnects due to nonpayment, and lowered the cost of power in April to ease financial burdens on families. I commend the board for voting to return Capital Credits early and lowering the cost of power again to continue assisting members when it is needed most, around the holidays,” said General Manager/CEO Ricky Davis in a statement.
If you are a current Clay Electric member, a refund will be applied to your December bill with the expected amount to be $29.48.
Former Clay Electric members who are entitled to a refund will receives checks that are mailed out around Dec. 11. The average refund for former members is expected to be $65.70.
For more information, visit the Clay Electric website here
Cox Media Group
