15
April
2019
|
03:10 PM
America/New_York

Need to Know: Calculating Your Capital Credits

One of the benfits of being a member of a cooperative is receiving capital credits. 

Jackson EMC is a not-for-profit electric cooperative owned by our members. Each year, amounts collected above the cost of providing electric service are credited to members’ capital accounts based on their patronage (total billing less sales tax).

Your 2018 capital was 6.658 percent of your total patronage. See the example to calculate your capital credit.

This notification is for all rates, except QF, LPS, LGS or MBS (you can find your rate designation printed on your monthly bill). Members with those rates have received a separate notification.

 

Example for Calculation of 2018 Capital Credits

Amount of bills for 2018 (excluding sales tax) x Allocation Patronage (6.658%) = Your Dollar Allocation

 

For example: 

If your 2018 power bills totaled $500

Amount of Bills for 2018 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$500 x 6.658% = $33.29

 

If your 2018 power bills totaled $1,500

Amount of Bills for 2018 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$1,500 x 6.658% = $99.87