If you are currently a Kankakee Valley REMC member-consumer and were also one during 2001-2003 & 2019, you can expect to see a credit on your bill generated in December and received in January. This credit is from our power supplier, Wabash Valley Power Alliance (WVPA).
WVPA is a non-profit cooperative just like KV REMC. Any margins it earns over and above its expenses, maintenance or capital improvement are returned to its member-consumers. KV REMC is a member-consumer of WVPA. This return is referred to as capital credits.
Your KV REMC board of directors has decided to pass these capital credits on to the member-consumers who received power from KV REMC during the retirement years. The amount of capital credit you receive is based on how much electricity you used during those years.
Capital credits allow member-consumers to benefit directly from the commitment of our power supplier to prudent fiscal management.