Cobb EMC distributing to members $7 million in capital credits

This week Cobb EMC mailed out notices to 38,000 current and former members during the years 1957 to 1971, informing them that the Marietta co-op is distributing about $7 million in excess revenues from that time period.

The capital credits haven’t been issued since 1976, and are distributed in proportion to each member’s purchases from the co-op during the year.

Current members, who were also members during the 14-year time period will receive an automatic refund that will be credited to their accounts and appear as deductions from the next electric bill. Refund checks will be distributed to former members. Inactive members and those applying for the refund on behalf of deceased members will need to complete necessary documents.