Sawnee Electric Membership Corporation (Sawnee EMC) is preparing to return about $10 million to more than 95,000 eligible current and former members, through a general retirement of patronage capital.
This includes all amounts assigned for 1998 and a portion of the assignment for 1999. This action will provide a retirement of funds to individuals, and businesses, who were members of the cooperative and received electric service from Sawnee EMC at any time during this two-year period.
Because Sawnee EMC is a not-for-profit electric cooperative, each year, its members receive an assignment of what is known as “patronage capital” in the records of the cooperative. Each member’s assignment is based on the amount of revenue they provided the cooperative through their electric bills during that year.
For additional information about this general retirement of patronage capital, call Sawnee’s Customer Service Department at (770) 887-2363 or send an email to [email protected] or send a tweet to @SawneeEMC.
http://accesswdun.com/article/2016/1/365859/sawnee-emc-preparing-to-return-10m-to-more-than-95000-eligible-current-or-former-members