What Is An Electric Coop

A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity water or telecommunications to its members.

What is an electric coop.

Learn about america s electric cooperatives their trade association nreca and how the cooperative business model creates community focused organizations. An electric cooperative is a private non profit company whose purpose is to deliver electricity to its customers or members. Electric cooperatives bring electricity to rural areas because for profit electric companies are reluctant to serve areas where customers may be miles apart. Tri county electric cooperative is a not for profit electric cooperative created to serve you the member owners.

Member powered community driven consumer cooperatives like little river electric cooperative have known this forever. We are not for profit owned by our customer members and governed by the democratic process so our members are at the center of everything we do. Electric cooperatives are owned and controlled by the people they sell electricity to and exist solely to provide electricity to members at the lowest cost possible. Farmers and ranchers formed america s electric cooperatives more than 75 years ago to secure electricity in order to better their lives.

As a cooperative they are required to fulfill two requirements including reinvesting revenue into their service area communities through stable rates and infrastructure or returning it to members through patronage capital. View pay bill. This means you get more than just electric service. A cooperative is a not for profit organization owned by its members.

Margins are either reinvested in the cooperative or allocated to members as capital credits. Your electric co op new hampshire electric cooperative is an electric utility that puts you first. In cities and towns where homes and businesses are close together power companies make more money per line mile.