Sunday November 29th, 2015 10:59AM

Sawnee EMC refunding $10.6M to member-consumers

By Ken Stanford Reporter
CUMMING - Sawnee Electric Membership Corporation (Sawnee EMC) says it is preparing to retire $10.6 million to approximately 63,900 eligible members through a general retirement of patronage capital for the years 1991, 1992 and 1993.

This action will provide a refund to individuals and businesses that were members and received electric service from Sawnee EMC during this three-year period.

Because Sawnee EMC is a non-profit electric cooperative and each year its members receive an assignment of what is known as "patronage capital" in the records of the Cooperative. Each member's refund is based on the amount of their electric bills for that year.

Over $10.6 million will be distributed, with the average refund being about $165. However, it should be noted that each member's refund will vary based on the amount of revenue they contributed during these time periods.

For existing Sawnee EMC members who received service in 1991, 1992 and/or 1993, the general patronage capital retirement will be given in the form of a "credit" on their March 2014 electric bill. Former members who no longer have an active account with Sawnee EMC, but have a valid forwarding address, will be mailed a check to their last known address on or around April 1, 2014.
© Copyright 2015
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks post sixth straight year of gains
U.S. stocks ended a strong 2014 with moderate declines Wednesday.
4:43PM ( 10 months ago )
Palestinians push ahead in pursuit of war crimes charges against Israel
Stung by a resounding defeat in the U.N. Security Council, the Palestinians announced Wednesday that they joined the International Criminal Court to pursue war crimes charges against Israel.
1:57PM ( 10 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 10 months ago )
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 10 months ago )
Sheriff: Man shot 2 on I-85 because he wanted car
A 22-year-old man shot two people who stopped to give him a ride on Interstate 85 in South Carolina on Christmas Eve because he wanted their car to drive to Georgia, a sheriff said Wednesday.
5:21PM ( 10 months ago )
Local/State News
Appalachian Parkway in Cleveland now open
An official grand opening and road-naming ceremony was held Tuesday afternoon for the State Route 11/US 129 North Appalachian Parkway in Cleveland, previously known as the Cleveland Bypass.
By Dean Dyer
9:45PM ( 4 days ago )
Stormwater program and fees await Gainesville City Council vote
The Gainesville City Council plans to vote next week on the creation of a Stormwater Management Program and implementation of fees to fund it.
2:07PM ( 4 days ago )
Syfan Logistics expanding its over-the-road fleet
Syfan Logistics plans to expand its over-the-road fleet of Syfan Transport trucks in the coming year as part of an increasing effort to better serve its shipper customers.
By AccessWDUN staff
12:07PM ( 4 days ago )
Hall Co. tag renewals will be handled differently in December
Hall County residents ready to renew their tags this December will not recieve the standard renewal notice from the Department of Revenue (DOR).
2:10PM ( 5 days ago )
Baldwin prepares for new city hall, razing of old downtown buildings
Change is in the works for downtown Baldwin.
3:02PM ( 6 days ago )