CONNECTIONS JULY 2021 | THE OFFICIAL NEWSLETTER OF COBB ELECTRIC MEMBERSHIP CORPORATION
Upcoming events Annual Meeting The 83rd Annual Meeting will be held Sept. 18. Key dates and deadlines: • Aug. 13: Written notice must be received from any member who desires to exceed the 5-minute speaking limitation for Annual Meeting (Sec. 2.12). To learn more about the board elections process, visit cobbemc.com/elections.
Cobb EMC Community Foundation awards $70,000 in scholarships to local students The Cobb EMC Community Foundation awarded fourteen scholarships valued at $5,000 each to area high school seniors. The award can be applied to an accredited two- or four-year college or vocational-technical school.
NOTICE OF 2020 PATRONAGE CAPITAL ALLOCATION
A total of 258 applications were received from students with a primary residence served by Cobb EMC, and 14 finalists were chosen. The annual scholarship was created in 2014 and is funded and administered by the Cobb EMC Community Foundation.
Each member receiving electric service is hereby notified that for year 2020, Cobb EMC’s excess margins totaled $11,370,455.71. Each member can calculate the amount of assigned 2020 Patronage Capital by multiplying the total amount billed for electric service in 2020 by 2.70815611%.
“The Cobb EMC Community Foundation is funded through our generous members’ contributions to the Operation Roundup Program,” says Vickie Tardif, chairwoman, Cobb EMC Community Foundation Board. “We are honored to be able to use these funds to give back to local students in the form of scholarships.”
Capital credits are your individual portion of the cooperative’s profits beyond the costs of providing electricity. As a not-for-profit business, we exist to provide you reliable electricity – not to make a profit. When we have a good year and earn profits or margins, we assign capital credits to our members until the board approves them to be given back in the form of a bill credit or check. *Excludes taxes,Operation Round Up and other ancillary services.
Since 1981, $618,500 in scholarship dollars has been awarded to studentmembers in our community through a variety of scholarships. Congratulations to the 2021 Cobb EMC Community Foundation Scholarship recipients. • Ryan Alford, Kennesaw Mountain High School • Kevin Barron, Hillgrove High School • Bailey Chapin, Pope High School
• Kaylyn Ferguson, Wheeler High School • Noah Fornuto, River Ridge High School • Christian Gajadhar, Allatoona High School • Kaeden Hill, Campbell High School • Christianna Hornigold, Johnson Ferry Christian • Jacob Lee, Kennesaw Mountain High School • Frederick Reid McClain, Compass Prep Academy • Katie Mitchell, Harrison High School • Tyler Nichols, North Cobb Christian High School • Dawson Templin, Harrison High School • Robert Toler, East Paulding High School
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