CO-OPFACTS

Facts at a Glance

900 distribution and 60 G&T cooperatives serve:

  • 34 million people in 46 states.
  • 13 million businesses, homes, schools, churches, farms, irrigation systems, and other establishments in 2,500 of 3,128 counties in the U.S.
  • 11 percent of the nation’s population.

To perform their mission, electric cooperatives:

  • own assets worth $70 billion,
  • own and maintain 2.3 million miles, or 44%, of the nation’s electric distribution lines, covering three quarters of the nation’s landmass,
  • deliver 7.9 percent of the total kilowatt-hours sold in the U.S. each year,
  • generate 4 percent of the total electricity produced in the U.S. each year,
  • employ nearly 60,000 people in the United States.
  • During 1997, electric cooperatives paid more than $707 million in state and local taxes.

Compared with other electric utilities:

  • Co-op sales grew twice as fast as the total electric industry average in 1998.
  • Co-ops serve an average of 6 consumers per mile of line and collect annual revenue of approximately $7,900 per mile of line,
  • Investor-owned utilities average 33 customers per mile of line and
  • collect $61,000 per mile of line,
  • Publicly owned utilities, or municipals, average 43 consumers and
  • collect $71,000 per mile of line.

Cooperative businesses are special because they are owned by the consumers they serve and because they are guided by a set of seven principles that reflect the best interests of those consumers.

More than 100 million people are members of 47,000 U.S. cooperatives, enabling consumers to secure a wide array of goods and services such as health care, insurance, housing, food, heating fuel, hardware, credit unions, child care or utility service.


 

Electric co-ops in Virginia made their presence known Jan. 9 at the annual Virginia Agribusiness Council Legislative Appreciation Banquet, traditionally one of the most important events held in conjunction with the yearly kickoff of the General Assembly.

More than 100 electric co-op leaders packed 21 tables as the single largest segment among nearly 1,000 attendees, including representatives from government and the private sector who highlighted the importance of agribusiness to the Virginia economy.

The evening included a reception with samples of Virginia’s Finest products from peanuts to to oysters to sweets to wine, and a buffet-style dinner featuring Virginia products.

Banquet sponsors included Rappahannock Electric Cooperative Mecklenburg Electric Cooperative NOVEC Northern Neck Electric Cooperative Prince George Electric Cooperative A&N Electric Cooperative Central Virginia Electric Cooperative Shenandoah Valley Electric Cooperative Old Dominion Electric Cooperative and Virginia's Electric Cooperatives

Virginia Department of Agriculture and Consumer Services Virginia Agribusiness Council Virginia Agribusiness Council
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We love getting feedback from readers!

Susan Gay sent us an email about the Virginia Legislative Guide that was included in her January issue of Cooperative Living magazine. She wrote, "I want to communicate how much we appreciate and enjoy the Cooperative Living magazine each month. We particularly appreciate the January issue with the informative Virginia Legislative Guide. A recent poll indicated that the vast majority of Americans were unable to list the three branches of government, so this is most helpful! Love your recipes too. We are proud to be cooperative members."

Thanks for your letter and comments, Susan! If you have something you'd like to say, feel free to email us at [email protected] To view the Guide, click here: www.co-opliving.com/wp-content/uploads/2020/01/2020-legislative-guide_rev1-8.pdf
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