Jackson EMC Returns $15 Million in Margin Refunds This Year
Approximately 221,000 current and former members of Jackson EMC will receive their share of a total of $15 million in margin refund checks in December. Checks are being mailed this month.
“One of the key benefits of being a member of an electric cooperative is margin refunds. You’re an owner of a not-for-profit cooperative. At the end of the year, you’re eligible to receive a portion of the funds left over after all of the co-op’s expenses are paid. That money is called margin refunds, and your board is proud to be able to return it to you,” said Jackson EMC Board of Directors Chairman Otis P. Jones.
Margins are refunded for a combination of years, so former, long-term and newer members benefit from belonging to an electric cooperative, like Jackson EMC. This year, margin refunds will go to those who received electric service from Jackson EMC in 1994, 1995, 1996 and/or 2021. The amount of each member’s refund check is based on the amount each member paid for electric service during those years.
After this December’s refund, Jackson EMC will have refunded $189 million in margin refunds to its member-owners since the cooperative was founded in 1938.
For more information, visit jacksonemc.com/marginrefunds.