The Co-op Model

ELECTRIC COOPERATIVES: EXISTING SOLELY FOR THE BENEFIT OF THEIR MEMBERS

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The South Carolina electric cooperatives are consumer-owned and member-controlled businesses that operate on a not-for-profit, cost-of-service basis. Any savings the cooperatives gain are passed on to their members. Members also have control over the governance of their electric cooperative and have the power to elect a board of trustees to set policies and rates for their electricity.

The cooperatives were formed in the 1930s and 1940s because investor-owned power companies did not see enough value in bringing electricity to people in rural areas. These areas, though some are no longer rural, are still served by the member-owned electric cooperatives.

We are committed to providing safe, reliable and affordable electricity and other services to our members while improving the communities we serve.

Central Electric Power Cooperative, Inc., the 19 distribution cooperatives, and our statewide partners follow the same principles and values as all other cooperative enterprises. The Seven Cooperative Principles are: