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.


 

21 hours ago

Cooperative Living Magazine

Thanks for taking the time meet with our Youth Tour students, Congressman Denver Riggleman!This morning I welcomed students from the Mecklenburg Electric Cooperative and Southside Electric Cooperative
Youth tour who came up to DC to learn about how government works. It was so great to meet you all!
#VA05
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Each June, more than 1,800 young people from around the U.S. head to Washington, D.C., as part of the NRECA Youth Tour. Participants learn about the role that electric cooperatives play in a free enterprise system, especially as it relates to providing electric energy. During the Youth Tour, which is happening this week, students visit Capitol Hill, meet with members of Virginia’s congressional delegation, tour the U.S. Capitol Building, enjoy a dinner cruise down the Potomac River, a Washington Nationals baseball game, sightseeing at iconic U.S. monuments, museums, and much more! Enjoy these photos from the 2019 Youth Tour happening this week! ... See MoreSee Less

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2 days ago

Cooperative Living Magazine

WOW! What a sight to see! ⚡️

As summer storms continue to pop up, lightning safety is an important subject to keep in mind. Find a safe, enclosed shelter. The main lightning safety guide is the 30-30 rule. After you see lightning, start counting to 30. If you hear thunder before you reach 30, go indoors. Lightning causes electric currents along the top of the ground that can be deadly over 100 feet away. For more lightning safety tips, visit: www.cdc.gov/features/lightning-safety/index.html.

ABC 13 - WSET
Wait for it..... WOW! Look at this lightning crawl across the sky on I-35 south Sunday night!

Thanks to Felipe Vial for sending it in. Send your weather video here: cbsaustin.com/chimein
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4201 Dominion Blvd.
Glen Allen, Virginia 23060
804-346-3344
www.vmdaec.com
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