Jackson EMC Returns $10 Million in Margin Refunds
More than 200-thousand Jackson EMC members will be receiving refunds this month. According to a media release from the company, about 2239,000 will receive checks in the mail as Jackson EMC returns a total of $10 million in margin refunds.
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, 1991 and/or 2017. 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 $135 million in margin refunds to our member-owners since our cooperative was founded in 1938.
Jackson Electric Membership Corporation is the largest electric cooperative in Georgia and one of the largest in the nation.
For more information, visit jacksonemc.com.