What Is A Cooperative?

Cooperatives operate for the benefit of member-owners, not for investors in some far-off city. 
As a member, you own and control the business. 
You help set its course through an elected board of directors.  Cooperatives are operated on a non-profit basis.

Cooperative Principles

Electric cooperatives operate according to a set of seven principles, making cooperatives a unique form of business that serves the consumers who own them.

1.  Voluntary and Open Membership - Open to all persons able to use the services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.

2.  Democratic Member Control - Controlled by their members, who actively participate in setting their policies and making decisions.  Men and women serving as elected representatives are accountable to the membership.

3.  Member Economic Participation - Members contribute equitably to, and democratically control, the capital of their cooperative.

4.  Autonomy and Independence - Cooperatives are autonomous, self-help organizations controlled by their members.

5.  Education, Training, and Information - Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives.  They inform the general public about the nature and benefits of cooperation.

6.  Cooperation among Cooperatives - Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.

7.  Concern for Community - While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.

Board of Directors

DISTRICT #1 - Donald L. Moore
595 Strawberry Road, Chatham, VA  24531

DISTRICT #2 - John L. Waller
1352 Waller Road, Hurt, VA  24563

DISTRICT #3 - Michael H. McDowell, Vice Chairman
12065 Chatham Road, Vernon Hill, VA  24597

DISTRICT #4 - Robert W. Conner, Chairman
2042 Armistead Road, Nathalie, VA  24577

DISTRICT #5 - Brandon G. Hudson
1090 Bowen Road, Virgilina, VA  24598

DISTRICT #6 - D. Stanley Duffer, Asst. Secretary
891 Kings Cross Road, Red Oak, VA  23964

DISTRICT #7 - Fletcher B. Jones
161 Carters Lane, Boydton, VA  23917

DISTRICT #8 - David J. Jones
6874 Highway One, Bracey, VA  23919

DISTRICT #9 - Franklin B. Myers
5046 Christanna Highway, Gasburg, VA  23857

DISTRICT #10 - Peggy Lee
P. O. Box 129, Freeman, VA  23856

DISTRICT #11 - Angela B. Wilson
4015 Slagles Lake Road, Emporia, VA  23847

                                                                                    MANAGEMENT

                                         Vital Statistics
                                       (as of December 31,2009)
            

             Membership ................................................ 25,842
             Number of Active Services .......................... 31,219
             Number of Substations ................................ 23
             Total Miles of Line (overhead)...................... 4,184.05
             Total Miles of Line (underground)................. 194.77
             Total Miles of Transmission Lines ................. 17.61
             Services Per Mile of Distribution Line ........... 7.10
             KHW Purchased ......................................... 585,978,818
             KHW Sold .................................................. 547,689,641
             Average Residential KWH/month ................. 962
             Average Member Service Reliability (%) ...... 99.97
             Peak Demand (KW) - January.... ................ 148,354
             Annual Revenue .......................................... $ 67,109,290
             Revenue per mile of line ............................... $15,264
             Expense per mile of line ............................... $14,910
             Net Utility Plant ........................................... $103,366,232
             Taxes Paid: Property ................................... $486,513
                                    Other ................................... $611,070
            Equity (%) to Assets ..................................... 34.40
            Number of Full-time Employees .....................124
            T.I.E.R. ........................................................ 2.68
            Debt Service Coverage ................................. 2.26
            Top Investment per consumer ....................... $ 4,703
            Capital Credits Returned in 2008 .................. $1,946,552
            Capital Credits Returned to date.................... $26,221,546
            MEC Annual Meeting ...................................Wed, June 17, 2009
            MEC Date of Incorporation ......................... March 11, 1938
                     
                                    

 

SCHEDULE OF  FEES/CHARGES
(Effective May 1, 2009)

Service Charge $40
Collection Fee $35
Reconnection Charge After Hours $170
Service (less than 60 days) $95
Construction Power Fee $160
Return Payment Service Charge $25
Late Payment Charge 1 ½% per month
Deposits (security) Two months billing estimated

Services (by County)
(Figures as of December 31, 2009)

Brunswick ................3,644
Charlotte ..................1,123
Chase City (town)..........13
Clarksville (town)...........29
Emporia (city)..............423
Greensville ................2,699
Gretna (town).................45
Halifax .....................5,930
Lunenburg ..................379
Mecklenburg ...........9,745
NC Granville ..................2
NC North Hampton .......9
NC Person .....................8
NC Warren ................105
Pittsylvania ..............6,522
South Hill (town)...........19
Southampton ..............367
Sussex .......................157


 

BOARD OF DIRECTORS AND SERVICE AREA