After receiving approval from the Rural Utilities Service earlier this month, Kaua‘i Island Utility Cooperative and its board of directors began making arrangements to deliver checks and account information to the membership totaling $2.8 million, states a Tuesday KIUC release.
The $2.8 million is part of $11.2 million in margins generated by KIUC in 2005.
Checks will be issued for refunds totaling $10 or more, the release states. If the amount is less than $10 and the member has an active account, the amount will be credited to the member’s account. If the refund amount is less than $10 and the account is inactive, the amount will remain in the member’s account until the cumulative refund amount is $10 or more.
For an average residential account that consumed about 500 kilowatts hours per month, the average refund check will be approximately $40.
Members can expect refunds to begin arriving next week, the release states.