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History

Radiant Electric Coop is a non-profit cooperative with no outside investors. It is owned and controlled by the members who use the service. Your ownership, and your investment come from the refundable membership you paid to get the service, and from any amount of your monthly bills that are in excess of the actual cost to the REC to deliver the electric service to you. Net margins earned by the cooperative are credited to each member's capital credits account at the end of each year. These capital credits are one of the several advantages enjoyed by cooperative members. The members own the system - they elect fellow members to the Board of Trustees who make the policies that control the operation of the cooperative. A cooperative is in business to furnish services or products to only the members, and not to make money for some distant investors. It is owned and controlled by the members - "Owned by those we serve".