DID YOU KNOW?
Co-ops are much more than energy companies. America’s consumer-owned, not-for-profit electric cooperatives are essential contributors to the $391 billion U.S. electric utility industry.
As a member owner of Southeastern Indiana REMC, you are part of something much bigger than your local cooperative!
Here are some other fun facts about electric co-ops:
Nearly 13 percent of the nation’s meters are customers of electric co-ops.
In the mid-1960s, the color of most electrical products found on poles and substations in the United States changed from brown to sky gray. It all started with the Highway Beautification Act of 1965, a result of Lady Bird Johnson’s quest to preserve the scenic beauty of America’s highways and byways.
By providing safe, affordable and reliable power, your cooperative and the 900 others in 47 states across America are significant employers within our local communities.
Co-ops own assets worth $175 billion (distribution and G&T co-ops combined) and employ 71,000 people in the U.S.
Cooperatives pay over $1 billion in state and local taxes.
Collectively, co-ops invest about $13 billion annually in new plant equipment to serve local electric needs across America.
This thing we call “the grid” connects each of us to a reliable supply of energy. All of the electric lines in the area are “the grid.” All utilities are interconnected with their neighbors in some way. If we have an outage, neighboring utility customers can lose power or vice versa. Substations connect power feeds from other utilities, including Southeastern Indiana REMC. Together, the interconnected grid keeps electricity moving safely and reliably to our homes and businesses.
WE POWER AMERICA
Co-ops deliver 11 percent of the total kilowatt‑hours sold in the U.S. each year.
Co-ops generate nearly 5 percent of the total electricity produced in the U.S. each year.
In 38 of the 47 states in which electric cooperatives operate, statewide associations provide a unified voice that speaks to the general public, regulatory bodies and state legislatures on behalf of their members.
These associations are voluntarily supported, governed by representatives of the member cooperatives and offer commonly desired services. Thirty-two statewide associations publish newspapers or magazines for the co-op consumer-owners, reaching more than eight million readers each month.
The National Rural Electric Cooperative Association (NRECA) represents the national interests of electric cooperative utilities. NRECA provides legislative, legal and regulatory representation; medical insurance and financial services; education and training programs; business consulting; a weekly newspaper and a monthly magazine.
NRECA and Southeastern Indiana REMC also support energy and environmental research and administer a program of technical advice and assistance in developing countries around the world.
Source: NRECA - http://www.electric.coop/electric-cooperative-fact-sheet/