No. Allocated Capital Credits may not be used to pay current bills. While your electric bill is due monthly, you will not be entitled to your Capital Credits until the board of trustees authorizes a refund. This will take place over many years, since York Electric needs the funds to grow.
Capital Credits FAQ
What happens to the Capital Credits of members who die?
The representative of the estate can have the balance of Capital Credits transferred into the heir’s name and the balance will be paid out as the board of trustees approves refunds.
What happens to my Capital Credits when I leave York Electric’s service area?
Your Capital Credits remain in your name and member number until they are retired. You just need to ensure that York Electric has your current mailing address.