Jackson EMC Returns $13 Million in Margin Refunds
Approximately 228,000 current and former members of Jackson EMC will receive their share of a total of $13 million in margin refunds. The electric cooperative is mailing checks in December.
“As owners of a not-for-profit cooperative, Jackson EMC members are eligible to receive a portion of the funds left over at the end of the year after all the cooperative’s expenses are paid. That money is called margin refunds, and your board is proud to be able to return it to you,” said Board Chairman Otis P. Jones.
Margins are refunded for a combination of years so both longtime and newer members, as well as former members, benefit from belonging to an electric cooperative. This year, margin refunds will go to those who received electric service from Jackson EMC in 1991, 1992, 1993 and/or 2019. The sum of each member’s refund check is calculated according to the amount each member paid for electric service during those years.
After this December’s refund, Jackson EMC will have refunded $160 million in margin refunds to its member-owners since the cooperative was founded in 1938.
Jackson Electric Membership Corporation, the largest electric cooperative in Georgia and one of the largest in the nation, is headquartered 50 miles northeast of Atlanta in Jefferson, Ga. The cooperative serves more than 239,000 meters on 14,000 miles of energized wire. For more information, visit jacksonemc.com.