JEFFERSON - Jackson Electric Membership Corporation will return $6.5 million this year to more than 219,900 of its members who received electric service in 1989/1990 and/or 2014.
“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,” said board Chairman Otis Jones during the co-op's annual meeting Thursday. “After this December’s refund, Jackson EMC will have returned $108 million in margin refunds to its owner/members since the cooperative was founded in 1938.”
Jones also reported that during the year Jackson EMC had invested $31 million in its distribution network, including constructing a new substation in Lawrenceville and updating another in south Jackson County.
Jackson EMC President/CEO Chip Jakins reported on the cooperative’s strategic planning initiative, telling the audience, “It really is important for each of you, as members and owners of Jackson EMC, to participate in the business of your cooperative. The best way to do that is by being informed about what your cooperative is doing and why.”
