Sawnee Electric Membership Corporation is preparing to retire approximately $10 million to over 94,000 eligible current and former members through a general retirement of patronage capital, which includes a portion of the amounts assigned for 2001.
This will provide a retirement of funds to individuals, businesses, and governmental entities, who were members of the co-op and received electric service from Sawnee at any time during 2001.
The average refund will be about $105. However, it should be noted that each member’s refund will vary based on their power bills.
Existing Sawnee EMC members, who received electrical service from Sawnee EMC during this period, will receive their refunds in the form of a “credit” on their March 2018 electric bill.
Former members who no longer have an active account with Sawnee, and have a valid forwarding address on file, will be mailed a check to their last known address on or around April 2.
http://accesswdun.com/article/2018/1/629408/sawnee-emc-returning-10m-to-current-and-former-members