The Cooperative Story
An electric cooperative is a private, not-for-profit company whose purpose is to safely deliver electricity to its consumers or members at the most affordable price possible. As a cooperative, we are required to fulfill two requirements including reinvesting revenue into our service area communities through stable rates and infrastructure or returning it to members through capital credits, as well as operating using a model of democracy.
Member-owned and operated
Because electric cooperatives are member-owned and operated, the democratic process allows members a vote in annual cooperative board elections in which elected trustees are nominated from among the members. Cooperatives also encourage members to voice their thoughts and ideas within the cooperative. Members maintain equal status and work together for the good of the community and adhere to the seven guiding principles.
The advantages of electric cooperatives
Upon joining an electrical cooperative, you are considered a member and/or an owner rather than a customer.
Electric cooperatives are service focused. We are dedicated to providing electricity to rural areas while commercial utility companies are hesitant because they can make more profit on urban areas and businesses.
Cooperatives follow democratic processes and allow each of our members to vote in board member elections, participate in policy making, and influence the cooperative in sharing their ideas and concerns.
Cooperatives are community focused and work to improve the sustainability and well-being of local and surrounding communities.
Electric cooperatives return revenues or margins to cooperative members in the form of capital credits.
The Cooperative Story
Lane-Scott Electric Cooperative is proud to be a part of Touchtone Energy, a national alliance of member-owned electric cooperatives providing high standards of service to members.
The Touchstone Energy Cooperatives brand represents a nationwide alliance made of more than 660 local, consumer-owned electric cooperatives in 46 states. Touchstone Energy co-ops collectively deliver power and energy solutions to more than 30 million members every day. Electric cooperatives distribute power for 75 percent of the U.S. land mass over 2.4 million miles of power lines. Electric cooperatives were established to provide electricity to rural America, and now make up the largest electric utility network in the nation. Touchstone Energy is the national brand identity for that network.
Lane-Scott Electric and other Touchstone Energy cooperatives are active in their communities, dedicated to serving residential, commercial, and industrial members with integrity, accountability, innovation, and commitment to community.
Lane-Scott Electric is a member of the National Rural Electric Cooperative Association(NRECA) which includes more than 900 (60+ Generation & Transmission and 850+ Distribution) electric cooperatives in 47 states. NRECA is the national service organization dedicated to representing the national interests of member-owned cooperative electric utilities and the members they serve.
The association provides national leadership and member assistance through legislative representation before the U.S. Congress and the Executive Branch, along with representation in legal and regulatory proceedings affecting electric service and the environment. NRECA also offers education and training programs for cooperative directors, managers and employees, collaborative research to enhance cooperatives’ use of technology, as well as insurance, employee benefits and financial services, technical advice, and electrification assistance in developing countries around the world.