2024 September JEMCO News by Jackson EMC

For more than 85 years, Jackson EMC has been powering homes and businesses in Northeast Georgia. We’re one of the

largest electric cooperatives in the U.S. For the first time since the housing boom in 2006, we're growing at a rapid pace. Over the past 10 years, we’ve added more than 50,000 meters to our system – an increase of 24%.

As the community grows, we’ve remained focused on providing you with reliable, affordable and courteous service that exceeds your expectations. Our residential electric rates are some of the lowest in the state. We continue to invest in our equipment and technology to ensure you have reliable power. Our community-focused commitment has resulted in meaningful and impactful changes in our area.

Best of all, we’re incredibly honored that you – our members – acknowledged the excellent service you receive. Jackson EMC was ranked highest in customer satisfaction among electric cooperatives by the J.D. Power 2023 Electric Utility Residential Customer Satisfaction Survey. This shows that our members say they’re receiving the best service in the country. This is how our employees work every day. This is what we value for our members and community. This is why we continue getting better for you. Thank you!

Chip Jakins, President/CEO

2024 Report to Members

$1.3 million Awarded to Nonprofit Organizations by the Jackson EMC Foundation.

$20.6 million in grants awarded by the Jackson EMC Foundation since its founding in 2005.

Electric Rate Survey

Twice a year, the Georgia Public Service Commission conducts a residential rate survey of all 94 of the state’s electric utilities. The level of use for this comparison is 1,500 kWh per month.

Winter Rates

JACKSON EMC

AVERAGE OF UTILITIES

Summer Rates

JACKSON EMC

AVERAGE OF UTILITIES

Ensuring You Have Reliable Electricity

18,448 poles inspected 1,460 poles replaced 16 automated switches installed to restore power faster 2 new substations added $87 million spent on infrastructure last year $213 million planned for infrastructure improvements over the next three years

Annual Meeting Information

Jackson EMC’s Annual Meeting will be held on Thursday, September 19, 2024, at the cooperative’s headquarters in Jefferson. Registration will begin at approximately 5:00 p.m. The meeting will be called to order at approximately 6:30 p.m.

MORE INFORMATION & RESERVATIONS AVAILABLE AT JACKSONEMC.COM.

The meeting will feature entertainment by Karen Peck and New River starting at 5:30 p.m., a boxed meal, cooperative business and a showcase of products and services offered to members, including information on electric vehicles, Cooperative Solar, home energy audits, payment options, energy efficiency and EMC security.

Parking is available for members at:

• Jackson County Courthouse, 5000 Jackson Parkway, Jefferson

For the best experience, we encourage members to park in our off-site parking areas for door-to-door shuttle service.

• Jackson County Agricultural Facility, 1869 County Farm Road, Jefferson

Please note:

Driving & Parking Information

Shuttles will run from the parking areas to the Annual Meeting entrance approximately every 30 minutes from 4:45 p.m. until after the close of the meeting.

for Members for Annual Meeting

Members will learn about the cooperative’s operations and future plans.

You can reserve your boxed meal online at jacksonemc.com/annualmeeting. If you need additional assistance making a reservation, please call us Monday-Friday, from 7 a.m. to 6 p.m. at 1-800-462-3691.

• Parking at Jackson EMC is limited due to construction. ADA parking will be available at all locations.

• Parking is unavailable at the Empower College and Career Center (formerly Jackson County Comprehensive High School).

Jackson EMC Employees with 35 & 40 YEARS OF SERVICE HONORED

Jackson EMC appreciates the employees who make our work possible. Please join us in celebrating these employees who have served the cooperative for 35 and 40 years.

BOND District Operations Superintendent, Neese

35 YEARS OF SERVICE

GLEN WHITLEY Journeyman Lineman, Gwinnett

35 YEARS OF SERVICE

CHAISSON System Control Supervisor, Jefferson

35 YEARS OF SERVICE

TOMPKINS Line Foreman, Gwinnett

35 YEARS OF SERVICE

ROY STOWE Chief Operating Officer, Jefferson

40 YEARS OF SERVICE

35 YEARS OF SERVICE

40 YEARS OF SERVICE

JACKIE SMITHERS Metering Technician II, Jefferson

KEVIN GRANT Journeyman Lineman, Gainesville

DARYLL

DARRELL

JOHN KESTING Journeyman Lineman, Gainesville

KEVIN

UTILITY PLANT

Electric Plant in Service - At Cost

Construction Work in Progress

Gross Utility Plant

Accumulated Provision for Depreciation

OTHER PROPERTY AND INVESTMENTS

Investments in Associated Organizations

Restricted Funds

CURRENT ASSETS

Cash and Cash Equivalents

Restricted Cash

Accounts Receivable (Net of Accum. Provision for Credit Losses of $1,179,228 in 2024 and $1,186,684 in 2023

Accrued Utility Revenue

Materials and Supplies

Other

DEFERRED DEBITS

TOTAL ASSETS

MEMBERS’ EQUITY

Membership Fees

Patronage Capital

Other Equities

LONG-TERM DEBT

OTHER LONG-TERM LIABILITIES

Accumulated Provision for Postretirement Benefits – Noncurrent

CURRENT LIABILITIES

Long-Term Debt – Current Portion

Accumulated Provision for Postretirement Benefits – Current Portion

Accounts Payable

Consumers’ Deposits

Other

DEFERRED CREDITS

TOTAL MEMBERS’ EQUITY AND LIABILITIES

2024 2023

$1,347,932,816 46,065,411 1,393,998,227 (460,006,503) 933,991,724 43,153,696 19,125,000 28,560,096 4,189,235 593,676,484 28,679,569 626,545,288 20,000,000 5,034,732 43,569,765 18,583,335 18,634,543 105,822,375 535,990,465 7,681,014 93,744,839 1,369,783,981 35,688,917 42,831,232 1,713,534 171,072,475 216,776,014 2,941,960 264,717,974 1,808 1,369,783,981

$1,267,293,564 37,336,553 1,304,630,117 (428,847,266) 875,782,851 18,224,226 21,000,000 30,792,995 4,071,635 568,469,275 28,779,829 601,320,739 19,000,000 4,582,000 36,013,715 16,654,341 19,598,943 95,848,999 556,070,771 40,680,739 47,285,303 1,341,206,551 33,991,425 35,120,074 2,857,023 141,985,743 315,371,656 2,382,745 317,754,401 5,683,556 1,341,206,551

OPERATING REVENUES

OPERATING EXPENSES

Cost of Power

Distribution Operations

Distribution Maintenance

Consumer Accounts

Consumer Information and Sales

Administrative and General

Depreciation

OPERATING MARGINS BEFORE INTEREST EXPENSE

INTEREST EXPENSE

OPERATING MARGINS AFTER INTEREST EXPENSE

NONOPERATING MARGINS

GENERATION AND TRANSMISSION COOPERATIVE CAPITAL CREDITS

OTHER CAPITAL CREDITS AND PATRONAGE CAPITAL ALLOCATIONS

NET MARGINS

PATRONAGE CAPITAL – BEGINNING

RETIREMENT OF PATRONAGE CAPITAL

PATRONAGE CAPITAL – ENDING

Sources of Your Cooperative Revenue

Residential Service

Commercial and Industrial Service

$622,162,764 436,277,739 18,596,837 31,477,728 21,089,796 14,548,087 30,757,260 45,233,551 597,980,998 24,181,766 17,584,336 6,597,430 13,332,978 17,085,770 3,191,403 40,207,581 568,469,275 (15,000,372) 593,676,484

2024 2023 $679,400,406 488,561,788 16,061,180 24,899,265 16,693,657 12,153,056 23,394,706 41,535,808 623,299,460 56,100,946 16,576,625 39,524,321 10,471,799 16,301,974 1,195,140 67,493,234 515,976,076 (15,000,035) $568,469,275

How Your Income Dollar Was Used

Public Buildings and Highway Lighting Cost of Power

and Maintenance Member Accounts, Service & Sales

& General Expense Depreciation Expenses

YOUR POWER. YOUR COMMUNITY.

A PUBLICATION FOR JACKSON EMC MEMBERS

JACKSON EMC OFFICES

1000 Dawsonville Highway Gainesville, GA (770) 536-2415

85 Spratlin Mill Road Hull, GA (706) 548-5362

850 Commerce Road Jefferson, GA (706) 367-5281

825 Buford Dr Lawrenceville, GA (770) 963-6166

EMC SECURITY

55 Satellite Blvd., NW Suwanee, GA (770) 963-0305 or (706) 543-4009

MEMBERS MAKE IT DELICIOUS

Tomato ZucchiniTart

PERIODICALS

POSTAGE PAID

INGREDIENTS:

15 oz. pie crust, refrigerated zucchini, thinly sliced tomatoes, sliced (plum or any variety) cup fresh basil, chopped (fresh recommended)

DIRECTIONS:

cup freshly grated Parmesan cheese

cup light mayonnaise tsp. ground pepper

ARECIPESFEATUREDRECEIVE PRIZE PACKAGE WITH AN AIR FRYER & GOODIES.KITCHEN

Preheat oven to 450 degrees. Place pie crust into a 9" round pan. Prick bottom and sides with fork. Bake pie crust until lightly brown. Let cool. Sauté zucchini in hot olive oil until tender. Arrange zucchini in pie crust and cover with a layer of tomatoes. Continue alternating layers to fill the crust.

Combine basil, Parmesan cheese and mayonnaise. Place on top of the tomatoes and zucchini with tomatoes visible. The cheese mixture can be doubled if desired to spread across top. Sprinkle the top with pepper. Lower oven to 425 degrees and bake for 10-15 minutes until thoroughly heated and the cheese mixture slightly melts.

“My daughter, Heidi, was trying to find a dish that was a good way to get in vegetables. I tried this recipe that my daughter gave me and it has become one of our favorites, especially in the summer.”

— PATTI SAUERS, Dacula