EMEPA to return $2.5 Million in capital credits

East Mississippi Electric Power Association’s Board of Directors is pleased to announce the return of capital credits for the years 1975 and 1987 totaling more than $2.5 Million.

Members of EMEPA during those years helped provide the funding to build and maintain the electric system. As a not-for-profit cooperative, all funds not used to pay the wholesale power bill and operating expenses are invested in the facilities, as opposed to borrowing all the money needed for upgrades and growth.

These capital credit returns reflect the members’ portion of the margins made and invested during that time period.

Unlike investor-owned utilities that pay dividends to their stockholders who are often far removed from the service provided, cooperatives return their margins to the members – those who used the service and provided an important investment.

This is just one way we are making a cooperative difference in service to you and our community.

If you have questions concerning this return, please call your local EMEPA office or visit EMEPA.com.

Sorry, comments are closed for this post.