ATLANTA - Cobb County EMC has agreed to pay current and former members $100 million dollars in what may be the largest legal settlement in Cobb County history.
Channel 2 Cobb County bureau chief Ross Cavitt reported that a judge signed off on the agreement Tuesday morning.
A group of Cobb EMC customers sued the utility company alledged it had not returned so-called "Capital Credits" to its members for 40 years.
EMC's are non-profits that are supposed to share proceeds with all of the members.
Judge Stephen Schuster called the settlement historic and a win-win for both the utility and its customers.
Small customers may only see a $100 refund but larger customers could get a much bigger check.
The Cobb County School District will receive more than $1.8 million in the settlement, according to Cavitt.