The Seven Cooperative Principles - Carolina Country
The values that guide Piedmont Electric October 2017
The values that guide Piedmont Electric
October 2017
7 Cooperative Principles

Since 1930, not-for-profit cooperatives of all kinds have recognized October as National Cooperative Month as a way to educate the public about how co-ops work and to appreciate their members. This year, we’re highlighting the values that guide all co-ops: the seven cooperative principles. These ideals lead Piedmont Electric to do business in a better way every single day.

    1. Voluntary and Open Membership
      You have choices about where you choose to live. We’re proud that you chose one of our communities.

    2. Democratic Member Control
      Our board of directors is made up of and elected by our members. Each member has a voice in running the co-op.

    3. Members’ Economic Participation
      Co-ops are not-for-profits utilities, so when we collect more money than it costs us to provide power in a year, we return that money to members as capital credits.

    4. Autonomy and Independence
      Piedmont Electric is owned and run by our members, which allows us the freedom to provide the types and level of service our members desire.

    5. Education Training and Information
      We empower our members by providing information and expertise, so they can make informed decisions about their energy use.

    6. Cooperation Among Cooperatives
      Piedmont Electric is a member of the Touchstone Energy network of co-ops, which provides ideas and assistance when called upon.

    7. Concern for Community
      We work to ensure that our communities continue to be a good place to live, work and raise a family.

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