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Walton EMC is Refunding $6,000,000

Most Walton EMC customer-owners will get a nice refund this month!

Your refund is in proportion to the total of your electric bills during the years of 1993, 1994, 1995 and 2017. The more you spent with your co-op during those years, the larger your refund will be.

Q: Why am I getting a refund?

A: You own Walton EMC. Any money we collect over what it takes to operate the company is returned to those who paid it. It doesn’t make sense to profit from yourself.

One of the seven cooperative principles we operate by is “member economic participation.” That’s what belonging to a cooperative, like Walton EMC, is all about.

Q: How will I get my refund?

A: Most customer-owners will receive a credit on their December or January bill. This saves tens of thousands of dollars because we avoid printing checks and paying postage. But, if your refund is $500 or greater, you’ll get a check.

Q: Do customers of other types of power companies, i.e., investor- or government-owned, get capital credit refunds?

A: No

Q: Do you return all the excess at once?

A: No. We use some to pay down debt and some to be ready for unexpected emergencies. But every penny is credited to your account and will eventually be returned.

Q: How much has Walton EMC returned over the years?

A: Our customer-owners have received a total of $99,571,000 in refunds.

At a Glance

TOTAL 2018 REFUND
$6 million

WHEN
Early December – early January

HOW
Bill credit (less than $500) or check ($500 or greater)

YEARS COVERED
1993, 1994, 1995 and 2017

ALL-TIME TOTAL REFUNDED
$99,571,000