Capital Credits: Notice of 1984 Unclaimed Capital Credits

This is a notice of unclaimed capital credits for members of record of Chugach Electric Association, Inc., in 1984. (See below for the lists of member names)

Capital credits are a member's share of the cooperative's margins for a year in which revenues and other operating income exceed fixed and variable expenses. The amount of an individual member's credits is proportional to the amount paid for electric service in a given year. Periodically capital credits are returned to the membership when authorized by the Chugach Board of Directors.

In 1998, 1999 and 2000 the board authorized the retirement of the retail capital credits earned by members of the cooperative in 1984. Chugach subsequently mailed checks or notices to the addresses on file for the members of record entitled to a share of these retirements.

Thousands of checks and notices were either not cashed or returned as undeliverable. This emphasizes the need for members to provide Chugach with a forwarding address when leaving the system - and to keep Chugach apprised of future address changes until all accumulated capital credits have been returned. The fact that a member's name appears on this list does not necessarily mean Chugach cannot find them. It means they have not cashed their capital credits check.

Even if their checks were returned as undeliverable, former members or their estates may still claim their capital credits. This special supplement contains a list of about 30,000 former members who are still due a capital credits check from the 1998, 1999 and 2000 retirements. If your name appears on the list, or if you have information that may help Chugach locate someone listed, please fill out and submit the research form.

Capital credits from these retirements that have not been claimed by Dec. 21, 2001, will revert to Chugach Electric Association. If you have questions, please call Chugach's Capital Credits Section at (907) 762-4643 or Customer Service at 563-7366.