Posted: Friday, September 20th 2013 at 9:40am
Jackson EMC announces $5.5M in refunds
By Ken Stanford Staff
JEFFERSON - The Jackson Electric Membership Cooperation (EMC) Board of Directors has approved $5.5 million in margin refunds to nearly 201,000 customers who received electric service in 1988, 1989 and 2012.
“Jackson EMC is a not-for-profit cooperative. The board of directors is able to return a portion of the revenue left over after all the bills are paid, funds which we refer to as ‘margins’, to our members at the end of each year,” noted board Chairman Otis Jones. “After this December’s refund, Jackson EMC will have returned more than $96 million in margin refunds to its owner/members since the cooperative was founded in 1938.”
The action was taken at the EMC's recent annual meeting which also celebrated Jackson EMC's 75th anniversary.
Link: Jackson EMC
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