Southern Pine to refund $2.5M in capital credits

by Associated Press

Published: November 13,2012

Tags: capital credit, cooperative, electricity, energy, power, refund, utility

TAYLORSVILLE — Southern Pine Electric Power Association has announced $2.5 million in capital credit refunds for the 2011 fiscal year.

SPEPA general manager Donald L. Jordan says refund checks will be mailed starting in mid-December.

Jordan says checks will be issued for amounts $25 and over. Customers getting less than $25 will receive a credit on their account.

The amount of the check is based on the amount of electricity each member used in 2011.

Jordan says the refunds represent the amount remaining after all operating, maintenance and general expenses are deducted from the year’s collections.

Southern Pine, headquartered in Taylorsville, has 65,000 meters in 11 counties in central and south Mississippi.

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