On Oct. 8 Central Georgia EMC board member Phillip Ham Jr. presented the Forsyth-Monroe County Chamber of Commerce, the Development Authority of Monroe County, and the Monroe County Board of Education with checks totaling $33,300 to go toward education, community, and economic development activities.
Central Georgia EMC presented 22 checks this month, totaling $243,310, to Chambers of Commerce, Industrial Development Authorities, and School Boards in its service territory.
These funds come from unclaimed capital credits that remain with CGEMC after five years. Capital credits are margins over and above the cost of providing service for Central Georgia EMC customer-owners for a specific year after financial obligations have been met. Unclaimed capital credits that remain after five years stay in the communities served by Central Georgia EMC for the sole purposes of funding education, economic development, and 501(c)(3) charitable organizations in the EMC service area.