Annual Report: The Seven Cooperative Principles

7 Coop Principles graphic listing the principles seen below in the article.

What Makes Us Better: The Seven Cooperative Principles

The seven cooperative principles have guided us for the past 80 years and will for the next 80 as we continue to provide the highest quality service to our members.

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

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.

Members’ Economic Participation
Co-ops are not-for-profit 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.

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.

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

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

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