Login
Font Size:
Archives FAQs
Are capital credits retired every year?
Not necessarily. Each year, SVEC’s Board of Trustees determines if the cooperative is in a financial position to retire capital credits. There are certain requirements the cooperative must meet before the board can consider retiring capital credits.
What happens if the member is deceased or a member business closes?
SVEC does not retire the remaining capital credits in lump sums. The capital credits can be transferred to up to 3 beneficiaries who will continue to receive the capital credits retirement until the capital credits are exhausted and the member…
What happens to capital credits that are never claimed?
Capital credits that are not claimed after 3 years are reallocated to the current year’s membership. This allows the cooperative to keep the ownership stake of the cooperative in the community.
How can a member claim unclaimed capital credit monies?
If you believe that you, or a person you are a legal beneficiary of, have unclaimed capital credits, go to our Unclaimed Capital Credits page and submit the online form to begin the process of validating your claim.
What if the cooperative does not have a valid address for a past member?
Suwannee Valley Electric Cooperative (SVEC) will still retire the capital credit of the member but will not mail out a check. The cooperative will list on its website all past members who currently have unclaimed retired capital credit monies.
Herbicide Application
SVEC utilizes herbicides to selectively treat unwanted vegetation in our rights of way. Herbicides are:
Tree Planting Near Power Lines
SVEC’s operations department supports the philosophy of “the right tree in the right place” as a means of promoting tree species that are more “friendly” to power lines. This would include trees that:
Tree Removal
SVEC continually patrols its lines for hazardous or “danger trees”: trees that impose an imminent threat to infrastructure.
Clearance Specifications
Trees should be pruned before they actually touch power lines Trees should be pruned before they actually touch power lines Enough clearance needs be achieved to ensure trees and limbs do not come in contact with the power line before…
Tree Trimming
Safety and service reliability are the 2 most important and necessary reasons for trimming trees near power lines. Safety Trimming trees on a consistent cycle is necessary for safety as it prevents unwanted contact between tree limbs and lines. Service…