01
December
2017
|
03:31 PM
America/New_York

Jackson EMC Returns $9 Million in Margin Refunds

(JEFFERSON, GA. Dec. 1, 2017) – Approximately 211,000 Jackson EMC members will receive a check in the mail this month. Both members and former members will receive their share of a total $9 million in margin refunds in December.

“As owners of a not-for-profit cooperative, members are entitled to a portion of the funds left over each year after all of the cooperative’s expenses are paid, which we call margin refunds,” said Board Chairman Chuck Steele.

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 1990 and/or 2016. 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 $124.5 million in margin refunds to our member-owners since our 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 225,000 meters on 14,000 miles of energized wire. For more information, visit jacksonemc.com.