Refund Q and A
Q: Will I get a refund?
A: If you had an electric account with us in any or all of these years – 1991, 1992, 1993, 2016 – you’ll be getting part of the more than $6 million we’re refunding. More than 90 percent of current customer-owners are included.
Q: How much will my refund be?
A: It depends on the amount of your electric bills – in other words, the amount of business you did with your cooperative – during those years.
Q: How will I get my refund?
A: For most customer-owners, the refund will appear as a bill credit. Look on either your December or January bill. Distributing the refund this way saves tens of thousands of dollars in printing and postage, which can go toward future refunds. If your refund is $500 or more, you’ll receive a check.
Q: Why am I getting a refund?
A: If you get electric service from a cooperative like Walton EMC, you own the company. It is self-defeating to make a profit. After paying down debt and establishing a reserve for unexpected events, we return the excess revenue.
Q: Do Georgia Power customers get capital credit refunds?
Q: What is the total Walton EMC has refunded?
A: To date, the cooperative has returned $93,571,000 to its customer-owners.
- Total refund amount: $6 million
- Timeframe: Early December through early January
- Issued by: Bill credit (less than $500) or check ($500 or more)
- Years refunded: 1991, 1992, 1993, 2016
- All-time total refunded: $93,571,000