Kaua‘i Island Utility Cooperative (KIUC) will begin issuing $1.7 million in 2021 patronage capital retirement bill credits to cooperative members in May, due to action taken by the Board of Directors at its April 28, 2022 meeting. 

Patronage capital is money that the cooperative has left over after paying all of its expenses and meeting its lenders’ expectations for financial stability. At the end of the year, money is credited to each member’s patronage capital account according to the amount the member paid for electricity. This is the member’s equity in KIUC.