clear
Wednesday February 10th, 2016 5:09PM

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 2016 AccessWDUN.com
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 This material may not be published, broadcast, rewritten, or redistributed without permission.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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year 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 ( 1 year ago )
Local/State News
UPDATED: Union General Hospital CEO, physician among six arrested; hospital issues statement
The CEO of a hospital in Union County was arrested Thursday afternoon by Union County sheriff's deputies, along with four other hospital employees and one former employee.
By Brian Stewart, Bryan Pirkle
8:17PM ( 5 days ago )
Hall Planning Commission sets tone for subdivision growth
The fact that three subdivisions were part of the Hall County Planning Commission’s agenda is an indication that the area’s economy is expanding.
10:46PM ( 1 week ago )
Federal Reserve concerned about how global pressures could affect the U.S. economy
The Federal Reserve sounded a note of concern Wednesday about how global pressures could affect a slowing U.S. economy, while keeping a key interest rate unchanged.
By The Associated Press
9:45PM ( 1 week ago )
Hall Commission to send sidewalks to Floyd Road, updated Comprehensive Plan to state
Hall County commissioners plan to give final approval Thursday evening to a couple of items whose time has come: sidewalks along half-a-mile of Floyd Road and an updated Comprehensive Plan for Hall County to state officials in Atlanta.
8:05PM ( 2 weeks ago )
First-time claims for unemployment insurance up in Gainesville, elsewhere in Georgia
The number of initial claims for unemployment insurance in Georgia rose by 41.9 percent in December, compared to a month earlier.
By Ken Stanford
11:45AM ( 2 weeks ago )