Snapping Shoals EMC recently awarded $10,000 to the Conyers-Rockdale Economic Development Council. The funds, which were allocated from the co-op's unclaimed capital credits, will be used by the council in several areas. SSEMC's capital credits, or margins, are the revenues that are over and above the cost of providing service for the electric co-op's customer-owners. Key legislation passed in 2005 allows EMCs to retain certain unclaimed capital credits that historically would be turned over to the state. These unclaimed funds are used to support such programs as the Snapping Shoals EMC scholarship program, the Bright Ideas grant program and other economic and community projects.
Snapping Shoals Electric Membership Corporation is a consumer-owned electric cooperative providing electric service to approximately 95,000 homes and businesses in Newton, Rockdale and Henry counties as well as portions of DeKalb, Butts, Walton, Morgan and Jasper counties.