
People's Electric Cooperative
Consumer
Owned
People's
Electric Cooperative is a member-owned, non-profit distribution electric
cooperative. As such, each member shares in any profits made by the cooperative
each year. These profits are returned to members in the form of capital
credits. Each member is allocated their proportionate share of profits
based on the amount of kilowatt hours they used in the previous year. This
amount is allocated to the member's capital credit account and a portion
of that amount is retired in years where financial conditions of the cooperative
allow it to retire these funds. Capital credits have been returned to the
members of People's Electric each year since 1987. Since that time, the
cooperative has returned over $5 million to the members.
Members also participate in the operations of the cooperative by electing Board Members. This Board of Trustees represents the membership in each district for four year terms. In addition, Bylaws which govern the operations of the cooperative are established by the entire membership of the cooperative. Any future revisions to these Bylaws require a vote of a quorum of the membership.