Coast Electric gives options for collecting investment

Coast Electric is offering former members who have moved out of the cooperative's service area and the estates of members who have died a new way to collect their investment in the company.

As a not-for-profit cooperative, Coast Electric allocates and retires money collected after expenses to the people it serves, who are members and owners of the company.

These capital credits are allocated to Coast Electric's 80,000 members each year.

To ensure funds are received, and to allow estates to be settled in a timely manner, families of deceased members and former members who have moved out of the service area can now request an early retirement of the credits allocated to their accounts at a discounted rate.

Those who are eligible can call Coast Electric at (877) 769-2372 for information. Current members can log onto their accounts to review their capital credit allocations.