Cooperative Principles
7 Cooperative Principles
From our founding in 1935 until now, our mission has remained the same: To safely and efficiently provide reliable electric services for our community. But we don’t stop there. Guided by the 7 Cooperative Principles that drive cooperatives nationwide, we ensure that our resources are dedicated to the benefit of all our members.
1 | Voluntary and Open Membership
Cooperatives are open to all persons who are able to use their services and willing to accept the responsibilities of membership.
2 | Democratic Member Control
Cooperatives are democratic organizations where members have equal voting rights: one member, one vote.
3 | Members’ Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative.
4 | Autonomy and Independence
If cooperatives enter into agreements with other organizations, they do so on terms that ensure their autonomy.
5 | Education and Information
Cooperatives provide education about cooperatives for their members, elected representatives, and the general public.
6 | Cooperation Among Cooperatives
Cooperatives work together through local, national, regional, and international structures.
7 | Concern for Community
Cooperatives work for the sustainable development of their communities through policies accepted by their members.