One of the benefits of being a member of a cooperativeis 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 2019 capital was 6.895% 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 2019 Capital Credits

Amount of bills for 2019 (excluding sales tax) x Allocation Patronage (6.895%) = Your Dollar Allocation

For example: 

If your 2019 power bills totaled $500

Amount of Bills for 2019 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$500 x 6.895% = $34.48

If your 2019 power bills totaled $1,500

Amount of Bills for 2019 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation

$1,500 x 6.895% = $103.43