We are more than your power provider. We are your electric cooperative! In order to learn more about the cooperative difference, we discussed what makes us unique with President and CEO Steve Hamlin.
What is a cooperative?
The cooperative form of business has been around for hundreds of years, as long as human beings have worked together for mutual benefit.
One of the most important features of a cooperative is that it is a not-for-profit business owned by the members it serves. There are more than 40,000 other co-ops nationwide celebrating National Cooperative Month this October and they all share this characteristic. Co-ops are in almost every industry ranging from energy to agriculture to healthcare.
As a member-owned cooperative, it is our mission to provide you with the electricity you need to safely power your everyday life, at a good value.
What does it mean to be a member of a co-op?
Being a member means that you own a piece of the cooperative and have a voice in how your co-op is run. Piedmont Electric is governed by a board of 10 directors that is elected from and by our members. As a bonus, there are also special energy saving programs designed with you in mind to help you and your co-op save money. When your co-op makes money or saves money, we pass those savings on to you in the form of capital credits, lower rates or improved fuel cost charges/credits!
How else does Piedmont Electric help me?
As a cooperative, we have a responsibility to support the community in which our members live and work. Concern for our community is one of our seven guiding cooperative principles that we have followed since we were founded almost 80 years ago. From awarding Bright Ideas grants to local educators to investing in emergency readiness, we stand as a driving force in our community to help ensure that our community continues to thrive.
What does being a cooperative mean to you?
It means helping your neighbor in times of need, working towards a better future and growing together to continually make our community a wonderful place to live, work and raise a family. We work best when we work together. That is the cooperative difference!
Learn more about how Piedmont Electric can help you at pemc.coop.