Headquarters:  P.O. Box 2451, 11633 Highway 92    *    Chase City, VA 23924    *    434-372-6100    *    800-989-4161    *    Report Outages: 1-877-632-5688

                                                          

 
    
THE BOTTOM LINE

 

Mecklenburg Electric Cooperative is consumer-owned and not-for-profit. That means any revenue above expenses is eventually returned to the member in the form of capital credit payments.

Mecklenburg Electric Cooperative is committed to providing the best possible service at the lowest possible cost. We take pride in our cooperative -- a grassroots system of service started by pioneers like those who settled this area. Keeping the cost of electricity affordable helps keep local businesses competitive, while preserving our rural heritage and standard of living.

 

THE BOARD ROOM

 

As a member of Mecklenburg Electric Cooperative, the consumer has a direct voice in the operation of the cooperative. He/She elects the board of directors and votes on business matters at the annual meeting.

The directors and management of Mecklenburg Electric Cooperative have a genuine interest in the membership. After all, directors receive their electricity from the cooperative, too.

 

A PHILOSOPHY OF SERVICE

 

Cooperatives were the first to serve rural areas. They were formed when IOUs refused to serve sparsely populated areas. Because IOUs were/are profit motivated, they didn't see the value of serving rural and suburban areas.

Cooperatives are involved in their communities. We live here, too, and we take an active interest in bettering our communities through involvement in local schools, civic clubs and business organizations.

Electric cooperatives help each other. Mecklenburg Electric Cooperative is one of hundreds of co-ops across the country providing electricity and other services to rural and urban America. When a major storm or other disaster forces an outage, neighboring cooperatives often come to the rescue, providing their equipment and personnel to get the power back on fast.

 

HURDLES MECKLENBURG ELECTRIC FACES

 

We have to provide electricity at a price competitive with IOUs while constructing and maintaining thousands more miles of distribution lines. Mecklenburg Electric Cooperative has an average of six consumers per mile, compared to an average of 34 per mile for an IOU and 50 for a municipal.

We have fewer large industrial and commercial consumers than IOUs. Our revenue comes from serving many small accounts, like homes, farms and communities.

Our consumers are mainly residential, creating a low load factor. Our power demand can skyrocket depending on the time of year. That's why Mecklenburg Electric Cooperative works hard to level out its load factor.

Innovation and creativity have always been a part of the cooperative system. Despite our low population density and higher cost of bringing electricity to rural America, we continue to work to maintain stable rates. That's our commitment to our member-owners.

There is something different about receiving your electricity from Mecklenburg Electric Cooperative. We think it's a difference our membership can be proud of.

 


The Seven Guiding Principles of Cooperatives
Today's cooperatives have their beginnings in the founding of an early cooperative that was started in Rochdale, England, in 1844 by a group of weavers. Because these early cooperative pioneers put their organizing principles down in writing, the legacy of this early cooperative lives on. These principles are guidelines by which all cooperatives put their values into practice. The following principles were reaffirmed and adopted at the 1995 General Assembly of the International Cooperative Alliance (ICA), held in Manchester, England, to mark the Alliance's 100th Anniversary.
 
  Voluntary and Open Membership
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership without gender, social, racial, political, or religious discrimination.
 
  Democratic Member Control
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.
 
  Members' Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership.

Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
 
  Autonomy and Independence
Cooperatives are autonomous self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
 
  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, particularly young people and opinion leaders, about the nature and benefits of cooperation.
 
  Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
 
  Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.
 

 

Statistics as of
December 31, 2008

 

Membership 25,842
   
Number of Active Services 31,393
   
Number of Substations 23
   
Miles of Distribution Line
     Overhead
     Underground
 
4,178.87
190.22
   
Miles of Transmission Line 17.61
   
Total Miles of Line 4,386.70
   
Services Per Mile of Distribution Line 7.16
   
Kilowatt-hours Purchased 580,221,024
   
Kilowatt-hours Sold 546,360,437
   
Average Residential KWH/month 968
   
Average Member Service Reliability (%) 99.93
   
NCP Peak Demand (KW) - December 133,980
   
Annual Revenue $63,576,438
   
Revenue Per Mile of Line $14,493
   
Expense Per Mile of Line $14,510
   
Net Utility Plant $96,277,370
   
Equity (%) to Assets 33.90
   
TIER 1.30
   
Debt Service Coverage 1.46
   
Taxes Paid:
     Property
     Other
 
$438,632
$608,866
   
Average Investment
Per Service to Date
$4,400
   
Number of Full-time Employees 128
   
Load Management Switches in Place 6,685
   
Deferred Wholesale Power Costs
through Load Management
for 2008
$476,843


MEMBERS (by County)
 

Brunswick 3,652
Mecklenburg 9,804
Charlotte 1,142
Pittsylvania 6,621
Greensville 3,162
Southampton 369
Halifax 4,880
Sussex 158
Lunenburg 379
Other 122
   

SCHEDULE OF FEES/CHARGES

 

   
Service Charge $40
Collection Fee $35
Reconnect/Service Charge (after hours) $170
Service (less than 60 days) $95
Construction Power Charge (Temporary) $70
Return Check Service Charge $25
Late Payment Charge 1-1/2% per month
Deposits (security) Two months billing estimated

 

 

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