Georgia Coop Retires Nearly $11 Million in Patronage Capital
Posted on Jan 21, 2014 in Patronage Capital | Comments Off on Georgia Coop Retires Nearly $11 Million in Patronage Capital
Sawnee Electric Membership Corporation (Sawnee EMC) has announced that it will 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 means that members that received electric service from Sawnee EMC during this three-year period will get a refund. The size of the refund will be based on each member’s assignment of patronage capital. This refund is the result of revenue in excess of operating costs and expenses for the coop. For more information on this action and how to collect these funds if you are eligible, click here.
