Nearly $5 million to be refunded to Flint Energies Members
- Sep 1, 2020 11:07 am GMT
Flint Energies is distributing $4.994 million in September to those Consumer-members who received electric service in 1996, 1997, 1998 and 1999. Approximately 40,000 current and former Flint Energies Members will receive their share of the total in margin refunds, also known as capital credits.
More than 22,700 current Members of the Cooperative will receive a credit on their September bill; that’s approximately 31% of Flint’s current membership. Bill credits save Flint Members and their cooperative tens of thousands of dollars in check printing and postage costs, which can go toward future refunds.
More than 17,200 consumers who are no longer Flint Members will receive their checks after September 15. If the check would be written for less than $5, the credit will carry over to the next refund.
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