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Tri-County Electric Membership Corporation Communications Specialist Kim Bonner presented a check for $1,000 to the Macon Economic Development Commission to go towards economic development in Bibb County. These funds are from unclaimed capital credits, or margins that the non-profit cooperative was unable to return to former members.
In years past, unclaimed capital credits were surrendered to the state of Georgia. However, House Bill 431 allows Georgia’s EMCs to use these funds that have been retained and unclaimed for five years for education, economic development and 501(c) 3 charitable organizations in EMC service areas.
“We are very excited about having the ability to use these funds locally. While we cannot use them for the cooperative’s expenses or to offset our rates, we can put them to work in the community,” says Bonner.
“Tri-County EMC has been a great partner in economic development for the middle Georgia area. We appreciate all they do to make this a better place to live, work and play,” said Pat Topping, Senior Vice President of MEDC. “We thank Tri-County and all their members for this check and will put it to good use in our economic development program.”
Tri-County EMC uses House Bill 431 funds to support economic development, fund Bright Ideas – an educational grant program for teachers, and numerous community projects through the Tri-County EMC Foundation.
Tri-County Electric Membership Corporation is a member-owned electric cooperative serving more than 21,025 accounts in Baldwin, Bibb, Jasper, Jones, Morgan, Putnam, Twiggs and Wilkinson County. Through this statewide network, the 41 customer-owned EMCs provide electricity and related services to nearly half of Georgia’s population across 73 percent of the state’s land area.
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