Electric co-ops prove vital to economy

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The Differences Between Cooperatives and Electric Utilities. The reserves are used to build and maintain the cooperative’s infrastructure and facilities and to provide for other service needs. Each member is allotted an amount of the capital credits based on how much electricity the member consumes.

in new co-ops, the American people may once again find the power in themselves through a "new generation" of co-ops to provide for themselves, maintain or improve their lifestyles, produce products, create, secure or expand their markets and contribute to the economic well being of their states and country.

Since electric co-ops emerged, we have provided more value than just supplying the necessary access to electricity. That was and still is vital for rural economic development and for increasing the productivity of traditionally rural industries like agriculture and resource extraction.

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They are known as Rural Electric Cooperatives. to reclaim their co-ops, or in the cases where the co-ops were never owned.

NRECA cooperatives promote efficiency electric cooperatives see increasing efficiencies on both sides of the meter as key to addressing the challenge of growing demand and rising costs.

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From growing suburbs to remote farming communities, electric co-ops serve as engines of economic development for 42 million Americans across 56 percent of the nation’s landscape. As local businesses built by the consumers they serve, electric cooperatives have meaningful ties to rural America and invest $12 billion annually in their communities.

[Editor’s Note: the following is excerpted from Jessica Gordon Nembhard, 2014, Benefits and Impacts of Cooperatives.White Paper, February 2014. You can find the full report here.. Cooperative businesses are community-owned private enterprises that combine consumers with owners, and buyers with sellers in a democratic governance structure.

Electric co-ops in the US are counting the cost of a 2017 amendment to the federal tax code, which makes them liable for tax if they accept large government grants. If these grants – which include aid packages to help them rebuild after natural disasters – amount to more than 15% of their annual.

Importance of electric cooperatives A Conference for a New Economy (and Co-ops) Co-ops are helping to change the world, but like any other part of change, they are hard work. Designing the governance of a co-op is a good example. Co-ops compel people to work together democratically to form and then run a co-op – the development of a democracy is work,