We are super passionate about the cooperative business model and want to share that excitement with the Iowa Youth Tour students! Did you know that electric cooperatives are private, not-for-profit businesses
governed by their consumers (known in Iowa as member-consumers). Two federal
requirements for all co-ops, including electric co-ops, are democratic
governance and operation at cost. Specifically, every member-consumer can vote
to choose local boards that oversee the co-op, and the co-op must, with few
exceptions, return to consumer-members revenue above what is needed for
operation. Under this structure, electric co-ops provide economic benefits to
their local communities rather than distant stockholders.
The majority of co-ops distribute electricity to consumers
through low-voltage residential lines that cover more than 75 percent of the
nation’s land mass. Many of these distribution co-ops, as they’re called, have
joined to create co-ops that provide them with generation and transmission
services. Distribution co-ops also buy power from investor-owned utilities,
public power systems, federal hydropower power marketing administrations and
the Tennessee Valley Authority.
Still a bit confused about this whole cooperative thing? Check out this presentation!
Still a bit confused about this whole cooperative thing? Check out this presentation!
Cooperatively yours!
Shelly
Shelly
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