Tri-County Electric Membership Corporation presented a check for $6,000 to the Central Georgia Technical College Foundation on November 7, 2008. Accepting the check was Dr. Ronald D. Natale, II, president of Central Georgia Technical College. These funds are from unclaimed capital credits, or margins that the non-profit cooperative was unable to return to former members. Tri-County EMC was represented at the presentation by Tri-County EMC CEO C. Hill Bentley and Vice President of Energy Services Greg Mullis.
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 for five years for education, economic development and 501(c) 3 charitable organizations in EMC service areas.
The Tri-County EMC Board of Directors recently selected to use the funds to benefit economic development efforts, youth efforts, education and technology. The cooperative already has exceeded $610,000 in Operation Roundup contributions, a charitable 501(c) 3 foundation made possible voluntary member donations.
"We're 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 Greg Mullis, vice president of energy services.
Tri-County EMC is a consumer-owned cooperative serving over over 20,900 meter in Baldwin, Bibb, Jasper, Jones, Morgan, Putnam, Twiggs and Wilkinson counties. Through this statewide network, the 42 customer-owned EMCs provide electricity and related services to nearly half of Georgia's population across 73 percent of the state's land area.
(This press release was provided by Tri-County EMC)
Pictured from left to right are CGTC President Dr. Ronald D. Natale II; Tri-County EMC CEO C. Hill Bentley; CGTC Foundation Executive Director Tonya McClure; Robin Jones of CGTC's Jones County Center; Francis Adams, coordinator of CGTC's Jones County Center, and Tri-County EMC Vice President of Energy Services Greg Mullis.