This year, not-for-profit electric cooperative Amicalola EMC donated $413,000 in community funding to the communities that the cooperative serves.
According to a press release by Amicalola EMC, the organization’s 2022 donations included $140,000 in high school scholarships, $50,000 in Bright Ideas teacher grants, $10,000 to each local Chamber of Commerce, $10,000 to each local food pantry and $1,000 to each of 47 fire departments within the Amicalola EMC service area, among other local donations.
The donations are funded through unclaimed refunds, in accordance with Georgia’s unclaimed property laws. In accordance with these laws, the cooperative is allowed to distribute these unclaimed refunds throughout the communities it serves for three purposes: education, economic development and 501(c)3 charities.
Amicalola EMC members are given refunds of any money that is over and above the cost to operate the cooperative, and this year the board of directors authorized a capital credit refund in the amount of $2.6 million to members who received electric service in 2002.
Members with active accounts received a credit on their September power bill, and members who do not have an active account will receive a check in the mail if they have provided a current mailing address. Refunds that go unclaimed are held for another five years.