Accepting the check are, from right, PDA board members Ed Waggoner and Joshua Daniel; Economic Development Director Terry Schwindler; and PDA board members, Chairman Lynward Lindsey, Eugene Smith and Vice Chairman Bill Sharp, to go towards economic development in Putnam County.
These funds are from unclaimed capital credits, or margins that the non-profit cooperative was unable to return to former members. In years past, unclaimed capital credits were surrendered to the state of Georgia. However, House Bill 431 allows Georgia’s EMCs to use funds that have been retained for five years for education, economic development and 501(c) 3 charitable organizations in EMC service areas.
Tri-County Electric Membership Corporation is a member-owned electric cooperative serving more than 21,025 accounts in Baldwin, Bibb, Jasper, Jones, Morgan, Putnam, Twiggs and Wilkinson counties. Through this statewide network, the 41 customer-owned EMCs provide electricity and related services to nearly half of Georgia’s population across 73 percent of the state’s land area.