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Capital Credits

Calculating your capital credits for 2022

One of the benefits of being a member of a cooperative is receiving capital credits.

Jackson EMC is a not-for-profit electric cooperative owned by our members. Each year, amounts collected above the cost of providing electric service are credited to members’ capital accounts based on their patronage (total billing less sales tax).

Each year, capital credits – known as margin refunds by Jackson EMC – are returned to members under certain conditions. The board of directors determine which previous years of capital credits to return, while keeping the cooperative financially strong. More than one previous years’ of capital credits may be returned to members. Eligible current and former Jackson EMC members receive these funds as margin refund checks in December.

Please note that your margin refund check in December may vary from your calculated capital credit amount for a specific year. The board of directors determines when to retire capital credits.

Your 2022 capital was 7.399 percent of your total patronage. See the example to calculate your capital credit.

This notification is for all rates, except QF, LPS, LGS or MBS (you can find your rate designation printed on your monthly bill). Members with those rates have received a separate notification.

Example for Calculation of 2022 Capital Credits

Amount of bills for 2022 (excluding sales tax) x Allocation Patronage (7.399%) = Your Dollar Allocation

For example:

  • If your 2022 power bills totaled $500:
    • Amount of Bills for 2022 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation
    • $500 x 7.399% = $37.00
  • If your 2022 power bills totaled $1,500:
    • Amount of Bills for 2022 (excluding sales tax) x Allocation Patronage = Your Dollar Allocation
    • $1,500 x 7.399% = $110.99