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Two Illinois Coops Plan to Merge

Members of Farmers Mutual Electric Company approved a merger with fellow electric cooperative Jo-Carroll Energy, Inc. last Tuesday.  Under the agreement, Farmers Mutual members will become members of Jo-Carroll Energy.  Jo-Carroll Energy's bylaws do not
November 19, 2012

Members of Farmers Mutual Electric Company approved a merger with fellow electric cooperative Jo-Carroll Energy, Inc. last Tuesday.  Under the agreement, Farmers Mutual members will become members of Jo-Carroll Energy.  Jo-Carroll Energy's bylaws do not require its members to vote on a merger with another coop.  Farmers Mutual will return $936,000 in capital credits to its members over a two-year period, the release said.  Click here for more.

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