The above javascript is used to send anonymous usage data to Google Analytics. Walton EMC Returns $9 Million to Customer-Owners - Walton EMC

Walton EMC Returns $9 Million to Customer-Owners

Just in time for the holidays, Walton EMC is returning $9 million in capital credits to eligible customer-owners. Including this year’s distribution, the co-op has refunded a total of $143 million back to members and communities.

“As a cooperative, Walton EMC is owned by its members and they benefit from the financial success of the company,” said Dr. Michael Lowder, Board chair. “Our capital credit allocation allows the co-op to return to members any revenue beyond the costs of providing electricity. It’s a win-win for everyone in our community.”

For not-for-profit companies like Walton EMC, any revenues over and above the total expenses for the year are considered margins instead of profit. These margins are assigned to customer-owners’ accounts as a capital credit based on the total dollar amount each paid for energy in a particular year.

“Our competitively priced, reliable power supply, along with our continued efforts to maximize efficiencies and control costs, make these refunds possible,” said Ron Marshall, Walton EMC president and CEO.

Each year, the co-op’s member-elected Board approves refunds after reducing debt, saving for emergencies and investing in infrastructure, among other things.

The 2023 capital credit refunds are calculated based on the total dollar amount of energy each customer-owner purchased during 2000, 2001, 2018 and 2022. The distribution will occur from early December through early January.

Refund amounts below $500 are applied as a credit to customer-owners’ accounts. Checks are issued to active customer-owners receiving a refund above $500, as well as former customer-owners who had accounts during the years targeted for the distribution.

 

Featured Articles:

  • Bringing Light & Hope

      For the first time, there will be lights this Christmas in Sesaltul, a remote village in north central Guatemala. Walton EMC’s Nate Howell and Hollis Lucas helped make it possible. They were among 15 linemen from Georgia’s electric cooperatives who spent two weeks installing four miles of electric lines and bringing power to the […]
  • Walton EMC Education Scholarships and Grants

    SCHOOL EMPOWERMENT GRANTS Walton EMC offers educational grants to schools and classroom teachers for multiple uses that further instructional programs. Schools throughout our 10-county service area have received more than $2 million through the grant program. The money comes from unclaimed capital credit refunds. Who can apply: Public schools located within Walton EMC’s service territory […]
  • Plugged In: Does Walton EMC Sell Gift Certificates for Electricity?

    A: The novel-yet-practical gift of electricity is an ideal present for family and friends who are Walton EMC customer-owners. Gift certificates can be purchased in any amount you choose. You don’t have to be a co-op member to purchase a gift certificate. Gift certificates can be purchased at any Walton EMC office during regular business […]
  • Energy Savers: December 2023

    Microwaves, toaster ovens and slow cookers can use 75% less energy than a large electric oven.
  • Wrap it up

    Holiday gifts aren’t the only thing you should be thinking about wrapping up this month. Your electric water heater may need to be snuggled in a jacket to rein in its energy consumption. The water heater is second only to a central heating system as a home’s most energy-hungry appliance, accounting for about 18% of […]
  • Unclaimed Refunds December 2023