2026 September JEMCO News

YOUR MEMBERSHIP.

YOUR VALUE. SEPTEMBER 2026

ANNUAL REPORT

2026 Report to Members

YOUR MEMBERSHIP.

YOUR VALUE.

Meter Growth

300k

277,555

275k 250k

As a member-owner of Jackson EMC, you’re part of a notfor-profit cooperative that puts you first.

Every decision we make is guided by one simple goal: delivering safe, reliable and affordable electricity while keeping your costs as low as possible. Because the power belongs to you, we focus on making wise investments, operating efficiently and providing the value you deserve.

Our cooperative continues to grow as more people choose Northeast Georgia as home.

This year, Jackson EMC serves more than 277,000 meters – an increase of more than 72,000 over the past decade. Even as our communities grow, our commitment remains the same. We’re dedicated to providing you with dependable service, super-personalized care and some of the lowest electric rates in Georgia.

Your membership also strengthens the communities we call home. Through the Jackson EMC Foundation, made possible by members who participate in Operation Round Up, more than $23 million has been awarded to local nonprofits since 2005.

Thank you for your trust and confidence in your electric cooperative! We're honored to serve you and remain committed to providing reliable service, keeping costs low and focusing on what matters most — you.

Sincerely,

200k 175k 150k 125k 100k 75k 50k 25k 0 1980

1990

2000 2010

2020

2021

2022 2023 2024

2025 2026

Energy Mix 39.6%

Natural Gas Nuclear Coal

% E m i s s io n s 44 Fr ee

One of the greatest benefits of cooperative membership is affordable electricity. Jackson EMC members save over $242 annually compared with the average of other Georgia electric utilities. We also continue to return value directly to you. This year, we’re returning $16 million in member refunds to eligible members, bringing the total to $252 million since the cooperative was founded in 1938.

225k

50.3%

Hydro Renewables

1.8 5.5%

2.9% 1.7%

Member Refunds

$16 million

returned to our members this year. For members who had service in 2001 and/or 2025.

$252 million

Chip Jakins, President/CEO

returned to our members since 1938.

Vol. 74. No. 9, SEPTEMBER 2026 (ISSN 1061-5601), IS PUBLISHED MONTHLY BY THE COMMUNICATION DEPARTMENT OF JACKSON ELECTRIC MEMBERSHIP CORP., 825 Buford Drive Lawrenceville, GA. SUBSCRIPTION $3.50 PER YEAR AS PART OF YEARLY MEMBERSHIP. PERIODICALS POSTAGE PAID AT LAWRENCEVILLE, GA AND ADDITIONAL MAILING OFFICES. Kerri Testement, Editor. POSTMASTER: Send address changes to JEMCO News 825 Buford Drive Lawrenceville, GA.

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JEMCO News | September 2026

jacksonemc.com

2026 Report to Members

Jackson EMC Members Pay Less Twice a year, the Georgia Public Service Commission conducts a rate survey of all 94 electric utilities in the state. The level of use for this comparison is 1,500 kWh per month*.

Wint2026** er Summer 2026

JACKSON EMC

$172.13

AVERAGE OF UTILITIES

$199.63

JACKSON EMC

$206.28

AVERAGE OF UTILITIES

$216.34

Members save an average of $242.80 a year compared with average of all utility providers in Georgia. *Based on Georgia Public Service Commission Residential Rate Survey, as of July 21, 2026. **As of January 2026.

Reliable Power, Every Day Keeping your power reliable takes continuous investment and proactive maintenance.

Preventing Outages

Building for the Future

1,103 miles

miles of power lines added

244

of vegetation maintenance work completed

$104 million

16,951

spent on infrastructure last year

poles inspected

205

poles replaced

jacksonemc.com

$230 million

planned in system improvements over the next two years

$1.03 million

$23 million

Awarded to nonprofit organizations by the Jackson EMC Foundation last year

in grants awarded by the Jackson EMC Foundation since its founding in 2005 JEMCO News | September 2026

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You’re Invited TO THE 2026 JACKSON EMC ANNUAL MEETING Join us on Thursday, September 17, 2026, at our headquarters in Jefferson for an evening that’s all about you — our valued member.

Registration opens at 5:00 p.m. and the meeting begins at 6:30 p.m. Come early to enjoy: • Live music by Karen Peck and New River starting at 5:30 p.m.

• A complimentary boxed meal prepared by local FFA students (reserve yours online) • A showcase of products and services designed with you in mind — from electric vehicles and Cooperative Solar to home energy audits, payment options, energy efficiency tips and home security solutions.

At the meeting, you'll hear updates on how your cooperative is operating and our plans to serve you even better in the future.

For the best experience, we encourage members to use our off-site parking area for door-to-door shuttle service.

Shuttles will run from the parking area to the Annual Meeting entrance approximately every 30 minutes from 4:45 p.m. until after the close of the meeting.

Parking is available for members at the Jackson County Courthouse, 5000 Jackson Parkway, Jefferson. Limited parking is available at Jackson EMC’s headquarters.

Both locations offer ADA-accessible parking.

You can reserve your boxed meal online at jacksonemc.com/annualmeeting or by scanning this QR code.

If you need additional assistance making a reservation, please call us Monday-Friday, from 7 a.m. to 6 p.m. at 1-800-462-3691.

MORE INFORMATION AND RESERVATIONS FOR ANNUAL MEETING AVAILABLE AT JACKSONEMC.COM. 4

JEMCO News | September 2026

jacksonemc.com

Jackson EMC Employees with

35 YEARS OF SERVICE HONORED This month, we're proud to recognize a group of dedicated employees who’ve served our cooperative for 35 years. Their decades of experience, care and commitment help us deliver the reliable, responsive service you count on — day in and day out.

Please join us in celebrating these longtime employees whose work helps power your life.

HEATH BURELL

DOUG SMITH

JILL TALLEY

JEAN MULLIS

District Operations Superintendent, Gwinnett

District Engineering Supervisor, Oakwood

Department/District Administrative Assistant, Gainesville

District Manager, Neese

jacksonemc.com

WADE BRIDGES

ARNIE PARKER

EDDY WILLIAMS

Senior Field Service Representative, Neese

SCADA Technician II, Jefferson

Apparatus Technician II, Jefferson

JEMCO News | September 2026

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REPORT TO MEMBERS

ASSETS UTILITY PLANT Electric Plant in Service - At Cost Construction Work in Progress

2026

2025

$1,560,090,826

$1,440,570,100

42,860,395

58,157,684

Gross Utility Plant

1,602,951,221

1,498,727,784

Accumulated Provision for Depreciation

(524,702,567)

(492,816,070)

1,078,248,654

1,005,911,714

301,814,699

282,294,543

OTHER PROPERTY AND INVESTMENTS Investments in Associated Organizations Restricted Funds

3,079,673

2,882,859

304,894,372

285,177,402

Cash and Cash Equivalents

32,009,427

51,160,425

Restricted Cash

14,083,335

21,375,000

Accounts Receivable (Net of Accum. Provision for Credit Losses of $1,892,272 in 2026 and $2,869,144 in 2025)

40,972,413

32,612,685

Accrued Utility Revenue

39,708,399

34,579,300

Materials and Supplies

66,810,055

55,587,653

Other

5,094,704

2,033,086

198,678,333

197,348,149

-0-

1,542

$1,581,821,359

$1,488,438,807

Membership Fees

$4,430,345

$4,311,745

Patronage Capital

635,483,686

614,756,373

Other Equities

29,464,788

28,525,660

669,378,819

647,593,778

LONG-TERM DEBT

674,705,597

627,329,086

1,216,279

6,491,752

22,717,087

21,604,373

CURRENT ASSETS

DEFERRED DEBITS TOTAL ASSETS

MEMBERS’ EQUITY AND LIABILITIES MEMBERS’ EQUITY

OTHER LONG-TERM LIABILITIES Accumulated Provision for Postretirement Benefits – Noncurrent CURRENT LIABILITIES Long-Term Debt – Current Portion Accumulated Provision for Postretirement Benefits – Current Portion

2,797,971

6,222,429

Accounts Payable

76,614,664

46,902,560

Consumers’ Deposits

20,233,054

19,709,629

Other

22,411,845

19,523,676

144,774,621

113,962,667

DEFERRED CREDITS TOTAL MEMBERS’ EQUITY AND LIABILITIES 6

JEMCO News | September 2026

91,746,043

93,061,524

$1,581,821,359

$1,488,438,807 jacksonemc.com

STATEMENTS OF OPERATIONS OPERATING REVENUES

2026

2025

$731,942,532

$667,521,643

OPERATING EXPENSES 523,758,173

489,463,837

Distribution Operations

22,971,063

19,992,362

Distribution Maintenance

35,077,585

28,105,743

Consumer Accounts

20,490,486

18,753,730

Consumer Information and Sales

15,412,273

13,437,706

Administrative and General

32,157,321

29,069,170

50,266,654

46,354,774

700,133,555

645,177,322

OPERATING MARGINS BEFORE INTEREST EXPENSE

31,808,977

22,344,321

INTEREST EXPENSE

22,935,408

20,660,826

OPERATING MARGINS AFTER INTEREST EXPENSE

8,873,569

1,683,495

NONOPERATING MARGINS

8,295,133

11,902,292

GENERATION AND TRANSMISSION COOPERATIVE CAPITAL CREDITS

17,453,042

20,068,278

OTHER CAPITAL CREDITS AND PATRONAGE CAPITAL ALLOCATIONS

2,188,371

3,425,767

$36,810,115

$37,079,832

PATRONAGE CAPITAL – BEGINNING

$614,756,373

$593,676,484

RETIREMENT OF PATRONAGE CAPITAL

(16,082,802)

(15,999,943)

PATRONAGE CAPITAL – ENDING

$635,483,686

$614,756,373

Cost of Power

Depreciation

NET MARGINS

Sources of Revenue

How Electric Revenue was Used

Residential Service

Cost of Power

Commercial and Industrial Service

Operations and Maintenance

Public Buildings and Highway Lighting

Member Accounts, Service & Sales Administrative & General

5.9%

7%

Depreciation

32%

Interest Expense

62.1%

jacksonemc.com

3.2%

4.3% 4.9% 7.9%

This is how we spend the money we receive. Most is 72.7% used to buy power and operate the co-op.

JEMCO News | September 2026

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YOUR POWER. YOUR COMMUNITY.

PERIODICALS POSTAGE PAID

A PUBLICATION FOR JACKSON EMC MEMBERS JACKSON EMC OFFICES

1000 Dawsonville Highway Gainesville, GA (770) 536-2415 85 Spratlin Mill Road Hull, GA (706) 548-5362 850 Commerce Road Jefferson, GA (706) 367-5281 825 Buford Dr Lawrenceville, GA (770) 963-6166

EMC SECURITY

55 Satellite Blvd., NW Suwanee, GA (770) 963-0305 or (706) 543-4009 @JacksonEMC

jacksonemc

jacksonemc

jackson_emc

Jackson EMC

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MEMBERS MAKE IT DELICIOUS

Meat Loaf

FE ATU R E D R EC IPE WINNE R RECEIV S WILL E A $20 G ROCE 0 R GIF T CA Y STORE R D AN D A HAN D M IXE R

INGREDIENTS: 2 lbs. ground beef 1 box Stove Top Stuffing Mix (any variety) 2 eggs 1/2 cup chopped onion 1 cup tomato juice or sauce (If the stuffing mix has a seasoning packet, use half.)

DIRECTIONS: Mix all ingredients together. Place in a loaf pan. Pack mixture down on all sides and build it up in the center, like a loaf of bread. This allows the oil to run to the sides.

Cook in a 350-degree oven for one hour. Let stand 15 minutes before serving.

"I wanted to make a meatloaf one day and I didn’t have any bread crumbs.

I decided to swap it for Stove Top dressing, which I had in my pantry.

This way, you don’t have to put in any seasonings. I kept making it this way because my family loved it and it’s so easy to make.”

-WILLI TOMLIN, Commerce SEND US YOUR BEST RECIPES: RECIPES@JACKSONEMC.COM OR MAIL TO: COOPERATIVE COOKING | JACKSON EMC | PO BOX 38 | JEFFERSON, GA 30549 FIND RECIPES AT JACKSONEMC.COM/RECIPES.