If you are a current member-consumer of Kankakee Valley REMC and were a member during 2003- 2004 or 2020, you can expect to see a credit on your electric bill generated in December. This credit is from our power supplier, Wabash Valley Power Alliance.
Like KV REMC, Wabash Valley Power Alliance (WVPA) is also a nonprofit cooperative. Any margins they earn over and above its expenses, maintenance or capital improvements are returned to member-consumers. This return is referred to as capital credits.
Your KV REMC board of directors has approved the return of these capital credits to the member-consumers who received power from the cooperative during the retirement years.
The amount of credit will be 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. If you have any questions regarding the capital credits allocated to you, please contact the KV REMC office.