Electric cooperatives are private, not-for-profit companies that provide power to customers and members. Since they serve rural areas not served by corporate energy providers, they typically offer a variety of practical and money-saving benefits and personal attention. Here’s a closer look at these cooperatives and why becoming a member is beneficial.

4 FAQs About Electric Cooperatives

How to they operate?

What sets electric cooperatives apart from corporate entities is that they are completely owned and operated by their members. They use a democratic process to vote on a board of directors, allowing members to have a say in how the company operates. Members can also participate in policymaking decisions. The main goal is to provide stable rates on electricity and reinvest revenue into the community.

Does the government have any involvement?

Electric cooperatives do not involve government participation in their operations because they are independent, privately owned businesses. However, they typically receive government assistance in the form of subsidies that make utilities more affordable for their members. 

What does membership entail?

Becoming a member of an electric cooperative means adhering to a handful of guiding principles. These include economic participation, education and training, cooperation, and community concern. Membership is completely open to anyone, and all members have equal status. 

What are the advantages of becoming a member?

When you become a member of an electric cooperative, you own a share in the company, giving you more control over the services you receive. Whether you live in a rural or municipal area, you’ll have access to the same quality of services. As a member, you are also entitled to Capital Credits, or the margins/profits of the cooperative over time.  Cooperatives strive toward sustainability, fairness, and improving the community, and your membership will help achieve these goals.

If you have any questions about electric cooperatives, contact Jemez Mountains Electric Cooperative. This company provides power, outage repairs, and vegetation management to customers throughout the Espanola, Cuba, and Jemez Springs areas of New Mexico. Call (505) 753-2105 to learn more about the company, and visit them online to learn more about rules and rates.