As we close out the year, Tideland EMC is pleased to announce that the board of directors was able to approve a general retirement of capital credits in the amount of $800,000.
The refund is derived from member margins allocated during the years 1992 and 1993. Combined with refunds to the estates of deceased members which are likely to reach $580,490 by year-end 2021, the total amount refunded will reach $1.38 million. If you had service with Tideland in either of those years you are among those who will receive a December refund. Checks are mailed to members due a retirement of $50 or more. For amounts less than $50 or in the case of a delinquent account, the credit is applied to the member’s December electric bill. Qualifying FlexPay members will receive their credit on December 2.
Keep address up-to-date
Because unclaimed capital credits must be escheated to the NC State Treasurer, it’s a good idea to make sure Tideland has your up-to-date address if you should move off-system so future refunds make their way to you.