• Georgia Coop Retires Nearly $11 Million in Patronage Capital
  • March 4, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • Sawnee Electric Membership Corporation (Sawnee EMC) has announced that it will retire $10.6 million to approximately 63,900 eligible members through a general retirement of patronage capital for the years 1991, 1992 and 1993. This means that members that received electric service from Sawnee EMC during this three-year period will get a refund. The size of the refund will be based on each member’s assignment of patronage capital. This refund is the result of revenue in excess of operating costs and expenses for the coop.