For the 64th consecutive year, Okefenoke REMC will be issuing capital credits to our consumer-members. OREMC’s Board of Directors have authorized the refund the balance of patronage capital from 1998 and a portion from 1999 totaling $1,669,986.28, as well as an estate allocation of $295,000 for a total of $1,964,986.28. Checks will be mailed to members in December.

Note: not all current members will receive capital credit checks in December.

• Refunds are only to consumer-members who received electric service from OREMC between 1998 and 1999.
• Refunds of $100 or less will be made as an account credit instead of by check.
  • Please be advised Capital Credits will be live on your account (reduce your total amount due) on November 21.
  • However, an actual line item indicating your Capital Credit Refund will not appear on statements until bills due after December 9.
•  Refunds of less than $5 on inactive accounts will be held and refunded at such time the total refund is more than $5.

Checks issued to deceased members should be forwarded to heirs or an estate administrator. They can work with our Member Services Department to determine eligibility for a lump-sum payment of all accrued capital credits based on OREMC’s Estate Refund policy.

Call Member Services at 800-262-5131 for more information or clarification on your current amount due.