Approximately 239,000 Jackson EMC members will receive a check in the mail this month. Both current members and former members will receive their share of a total $12 million in margin refunds in December.
“As owners of a not-for-profit cooperative, Jackson EMC members are eligible to receive a portion of the funds left over at the end of the year after all the cooperative’s expenses are paid. That money is called margin refunds, and your board is proud to be able to return it to you,” said board chairman Otis P. Jones.
Margins are refunded for a combination of years so both longtime and newer members, as well as former members, benefit from belonging to an electric cooperative. This year, margin refunds will go to those who received electric service from Jackson EMC in 1991, 1992 and/or 2018. The sum of each member’s refund check is calculated according to the amount each member paid for electric service during those years.
After this December’s refund, Jackson EMC will have refunded $147 million in margin refunds to our member-owners since our cooperative was founded in 1938.