GEMC taxes benefit region
Posted: Tuesday, March 13, 2012 7:00 pm
Gibson Electric Membership Corporation recently paid $1,130,909 in 2011 ad valorem taxes to the eight northwest Tennessee towns and counties it serves, including Obion County.
The amount of taxes paid was based on the assessed value of Gibson EMC’s facilities and infrastructure, including buildings, substations, transformers, poles and lines.
Gibson EMC paid $254,237 in ad valorem taxes to Obion County, according to a news release.
Gibson EMC President and CEO Dan Rodamaker said the cooperative’s board of trustees and employees work hard to provide exceptional electric service, but view their job as much broader than that.
“We want to do everything we can to improve the quality of life for our customer-owners,” Rodamaker said. “And we’re glad that Gibson EMC’s tax dollars benefit our communities and our customer-owners.”
Gibson EMC is an electric cooperative, owned and operated by its 35,000 customer-owners. The cooperative’s 2,800 miles of electric line stretch across Crockett, Dyer, Gibson, Haywood, Lake, Lauderdale, Madison and Obion counties.