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When the Cooperative has margins (revenues minus expenses) at the end of the year, those margins are allocated (spread) to active members based on their electric usage during that year. Annually, the board of directors determines if the Cooperative is in a financial position to distribute any margins or capital credits back to the members. This is called a capital credit retirement and is given to the members in either a bill credit, or in the case of an inactive member, a check.
Claverack returning $1.7 million in capital credits to its consumer-members
Please click on the link below to access the article regarding director elections from the June edition of Penn Lines:
Director Election Information
Planning for Claverack's 2018 Annual Meeting is underway!
The meeting will be held on Tuesday, July 17, 2018 at Elk Lake High School in Springville, PA.
Highlights will include:
- Door prizes
- Barbecued chicken dinner
- Educational exhibits
- Live entertainment
- $10 bill credit for all registered members
More information will be mailed to you closer to the date of the event, but here is a schedule for planning purposes:
Over the next several months, Claverack crews will be inspecting padmounted transformers and equipment throughout our service territory. Employees will open the equipment to install tags, place new labels on the units and may remove obstructions from the surrounding area. If power needs to be temporarily disconnected for the work to be done, the crew will knock on the door to alert the member. Most work will not require the disconnection of power. The people performing this work will be in clearly marked Claverack vehicles. If you have any q
As the outside temperature changes, it's important to remember that the weather does affect your bill! In addition, you usually pay for electricity 4-6 weeks after use. Be sure to look at the timeframe your most recent bill covers - the previous reading date through the current reading date.
Monthly electric bills can increase by over $100 per device by using:
Our 2016 Annual Report was published in the July edition of Penn Lines. Please click here to see all that your Cooperative accomplished during the past year.
We receive many calls from our current and former members asking about Penn Lines, our monthly magazine. We've added a quick link to our website to allow access to the digital version of the magazine and the local Claverack pages no matter where you are! Just click on the Penn Lines button on the far left of our homepage to enjoy.
IMPORTANT INFORMATION TO OUR MEMBERS: