Electric Membership Corporation; disclose certain acquisitions and other information to its members within a certain time frame; require

Cooperative members get more gas disclosures

Georgia electric cooperatives must notify members within six months after a transaction puts more than 15% of their net utility plant into investments, loans, or guarantees benefiting their gas affiliate. Electric generation and transmission assets are excluded from this threshold, using federal accounting definitions. The notice must list acquired assets or interests, the transaction date, and assets pledged to secure related funding. It must also report both entities’ total assets, debts, and obligations, plus the cooperative’s generation and transmission assets and the percentage used for affiliate support. While support stays above 15%, members must also receive the total annual cost of gas sold each year. These disclosures do not themselves change gas prices or household bills.