KIUC to reward members with $3.2M in capital credits


Kauai Island Utility Cooperative, the only electric utility cooperative in Hawaii, will issue $3.2 million in 2017 patronage capital retirement checks to its members starting next week.

“We had excellent financial results in 2017, which allows us to exercise one of the fundamental benefits of being a not-for-profit cooperative that is owned by the members it serves,” Allan Smith, chairman of the KIUC Board of Directors, said in a statement.

Patronage capital is defined as the money the cooperative…

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