Approximately 237,000 current and former members of Jackson EMC (JEMC) will receive their share of a total of $16 million in margin refund checks this month.
After this December’s refund, Jackson EMC will have refunded $220 million in margin refunds to its member-owners since the electric co-op was founded in 1938.
“We are thrilled to return $16 million in margin refunds to our current and former members. Each year, any revenues remaining after covering the cost of providing electricity are reinvested by Jackson EMC to enhance our distribution system—upgrading poles, transformers, substations, and related equipment. Surplus revenues are then returned to our members as margin refunds,” said Rodney Chandler, chairman of the Jackson EMC Board of Directors. “We focus on member service, not profits. Jackson EMC has a long history of providing safe, reliable and affordable electricity to members, and also a great history of returning surplus margins back to our members.”
Margins are refunded for a combination of years, so former, long-term and newer members benefit from belonging to an electric cooperative, like Jackson EMC. This year, margin refunds will go to those who received electric service from Jackson EMC in 1998, 1999, 2000 and/or 2023. The amount of each member’s refund check is based on the amount each member paid for electric service during those years.