18
April
2018
|
09:38 PM
America/New_York

Need to Know: Calculating Your 2017 Capital Credits

One of the benefits of cooperative membership 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 member-owners’ capital accounts based on their patronage (total billing less sales tax).

Your 2017 capital was 8.32 percent of your total patronage. See the worksheet 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.

 

Work Sheet for Calculation of 2017 Capital Credits

Amount of Bills for 2017 (excluding sales tax) X Allocation Patronage (8.32%) = Your Dollar Allocation

FOR EXAMPLE

IF YOUR 2017 POWER BILLS TOTALED $500

Amount of Bills for 2017 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$500 x 8.32% = $41.60

 

IF YOUR 2017 POWER BILLS TOTALED $1,500

Amount of Bills for 2017 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$1,500 x 8.32% = $124.80