What Is An Electric Coop

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.

What is an electric coop.

Electric cooperatives bring electricity to rural areas because for profit electric companies are reluctant to serve areas where customers may be miles apart. 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. View pay bill. This means you get more than just electric service.

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. In cities and towns where homes and businesses are close together power companies make more money per line mile. An electric cooperative is a private non profit company whose purpose is to deliver electricity to its customers or members. Farmers and ranchers formed america s electric cooperatives more than 75 years ago to secure electricity in order to better their lives.

A cooperative is a not for profit organization owned by its members. Member powered community driven consumer cooperatives like little river electric cooperative have known this forever. As a member owner you receive ownership and a voice in the cooperative capital credits and locally owned and operated offices. Margins are either reinvested in the cooperative or allocated to members as capital credits.

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. Today co ops bring that same spirit of purpose and cooperation to the changing needs of a new generation of cooperative owners. Tri county electric cooperative is a not for profit electric cooperative created to serve you the member owners.