Amicalola Electric Membership Corporation is issuing about $2.6 million in refunds to members from 2002, the corporation announced.
Amicalola EMC is a member-owner, not-for-profit electric cooperative. Each year, members are assigned any monies collected in excess of operating costs. When financial conditions permit, the board authorizes a refund of these monies.
This year, the board said they will allocate a $2.6 million refund for members who had electric service during the year 2002. This means that capital credits have been returned to Amicalola EMC members for each year from 1940 through 2002 — 62 years of capital credit refunds.
Individual refunds are based upon the amount of electricity purchased during the specified year.
If you were a member in 2002, and still have an active account, look for a credit on your September electric bill. Other refunds will be sent by check.
For more information, contact the Member Services department at 706-253-5200 or your local Amicalola EMC office.