Gibson EMC and Hickman-Fulton Counties RECC to Merge
Member-owners of Gibson Electric Membership Corporation made history on Tuesday, November 17 when they voted in favor of merging with Hickman-Fulton Counties Rural Electric Cooperative Corporation at a Special Meeting in Tiptonville. The unanimous “yes” vote of 208 Gibson EMC members follows the HFRECC vote in which their members overwhelmingly approved the merger with an 88 percent “yes” vote. The merger will become effective January 1, 2016.
Gibson EMC will serve HFRECC members and the Hickman, Kentucky office location will remain open and operate as one of Gibson EMC’s five member service centers. Gibson EMC President and CEO Dan Rodamaker will lead the merged cooperative and all of HFRECC’s and Gibson EMC’s employees will keep their jobs.
“We’re very pleased our members have voted in favor of the merger,” Gibson EMC Board Chairman Steve Sanders says. “This is a decision that will benefit our members in the long-term and benefit Hickman-Fulton’s members immediately.”
David Kimbell, HFRECC Board Chairman, agrees. “Our board is happy with the outcome too,” Kimbell says. “We look forward to 2016 and all of the positive changes the merger will bring for our members.”