Palmetto Electric customers to see checks, credits earlier than normal
Some Palmetto Electric customers will be getting a check in the mail sooner than normal.
As a not-for-profit, the cooperative annually allocates any revenues leftover after expenses to their member-owners. The bulk of the returns are normally made in December, but Palmetto Electric is sending all of the checks this month because of the strain on the community from coronavirus.
Who is getting how much is unclear, though individuals and businesses are both affected. Tray Hunter, vice president of marketing and public relations, said the company does not have a breakdown of the average amount an individual might receive or how many will actually be getting checks.
Those receiving more than $25 will be mailed checks; those receiving less will see a credit on an upcoming bill. The overall total being returned is $3.5 million, according to a news release.
Palmetto Electric Cooperative’s service area is southern Beaufort, Hampton, Allendale and Jasper counties.
“We want every member to know that we stand with our community – in good times and bad,” Berl Davis, Palmetto Electric’s president and CEO, said in the release.
