About Eastern Illini Electric Cooperative

Similar documents
CO-OP. Powering the needs of new generations

A Good Governance Charter for Housing Co-operatives

The Farmer's Cooperative Yardstick: Cooperative Refunds: Patronage and Revolving

Creating a Food Co-op in City Centre. City Centre

Healthy Communities and the 7 Co-op Principles

A Paycheck and a Purpose

COOPERATIVES are formed because of a

Cooperatives - More than getting by with a little help from your friends (and family)

Co-op 101: Does The Co-op Model Fit Your Needs?

Becoming a (Cooperative) Board Influencer

Co-operative operative statistics

Hazelburn Co-op s Mission, Vision and Values

Farm Succession Advisors Training Other Land Access Tools Annette Higby, Attorney at Law

What are Cooperatives?

The West Virginia Farmers Cooperative is excited to beginning the second year of

BRIAR ROSE ESTATES CO-OPERATIVE LTD. APPLICATION FOR MEMBERSHIP

7 COOPERATIVE PRINCIPLES

Cape Town 1 November 2013

ALGIERS RATE CASE FREQUENTLY ASKED QUESTIONS

2016 Rate Case Summary & Frequently Asked Questions Regarding Sharyland Utilities Regulated Delivery Rates

Outline. Co-op Principles in a New Era. Co-op principles in a new era. CHF Canada Workshop 1. Introductions. Healthy Communities

Cooperatives in Your Community

Food Co-ops & Healthy Food Access. Micha Josephy & Bonnie Hudspeth NOFA Summer Conference // August 12, 2012

Introduction to Cooperatives

STRATEGIC PLAN

Introduction to Co-operatives:

NEW MEMBER WORKBOOK AN INTRODUCTION TO YOUR HOUSING CO-OPERATIVE

Midway City Council 4 December 2018 Regular Meeting. Ordinance / General Plan Amendment

Midway City Council 16 October 2018 Work Meeting. Ordinance / General Plan Amendment

COUNCIL OF THE DISTRICT OF COLUMBIA COMMITTEE ON HOUSING AND NEIGHBORHOOD REVITALIZATION COMMITTEE REPORT

Cooperatives: The Role of Members, Directors, Managers, and Employees

HOME Survey. Housing Opportunities and Market Experience. June National Association of REALTORS Research Group

Old Creamery Cooperative, Inc. Summary of Business Plan for Co-op Start-Up, Store Acquisition, and Renovation. As of April 25, 2012

Community-Based Asset Building

Creative Models to Increase Profits

Cultivating Co-ops. A resource guide for co-operative development in British Columbia. BC Co-operative Association. February 2011 edition

Aspiring Home Buyers Profile

The Valley Alliance of Worker Co-operatives

Housing Authority Models FIRST NATION MODELS: COMPARITIVE REPORT

Democracy at Work Network

What is a Co-op? 10/23/2014. Group of People (human association) Business (enterprise) Micha Josephy, Cooperative Fund of New England.

Vietnam Land Administration - the Past, Recent and for the Future

A PROPOSED BUSINESS MODEL TO BUILD ON THE POTENTIAL SYNERGY BETWEEN RURAL TELECOM AND RURAL ELECTRIFICATION

June 29, Rental Housing Task Force Submitted by Dear Task Force Members:

Linda Brockway National Association of Housing Cooperatives (517)

Executive Summary of the Direct Investigation Report on Monitoring of Property Services Agents

Tyringham Clean Energy Cooperative Member Manual

RECORD OF PROCEEDINGS

Introduction to Alternative Homeownership Models. Beth Sorce March 15, 2017

National Association of REALTORS COMMERCIAL REAL ESTATE MARKET TRENDS: Q4.2017

Cooperatives and CHS Nate Gieseke, CHS Aligned Solutions

Nova Scotia Co-operative Council Understanding the Co-operative Business Model. Mark Sparrow

Food Co-ops: Making Healthy, Local Food More Accessible. Micha Josephy & Bonnie Hudspeth NOFA Summer Conference // August 11, 2013

What Is an Employee-Owned Cooperative? Co-op Basics for Employee Members

5. Co-Operative Societies

Route des Morillons Grand-Saconnex Geneva Switzerland

The objective of this policy is to outline the accounting and reporting requirements for tangible capital assets.

Key Steps to Start a Co-op

Electric Cooperatives of Oklahoma. Resource Manual

People, Property and Power Lines. Frequently asked questions about power lines on or near your property

ECLIPSE TRIPS UP TRADERS

REFLECTION PAPER Land Police and Administration reform in Mozambique An economic view in GDP growth

Make Your Choice Count

Formal Education Real Estate and Appraisal Education

City of Largo Agenda Item 13

Allocation Policy for New Build Housing

Comparative Study on Affordable Housing Policies of Six Major Chinese Cities. Xiang Cai

Whither the Wilderness County?

Duties and Responsibilities of the Special Committees created by the National President and approved by the National Board

The National Homeownership Strategy: Partners in the American Dream. Chapter 1: The National Homeownership Strategy

Real Estate Course Information Call Buddy Capezio

Kulshan Community Land Trust 1303 Commercial Street, Suite 6, Bellingham, WA phone (360)

Service Area Amendment Application for Veridian Connections Inc. and Hydro One Networks Inc.

PECOL Chapter 1 May 2012 Country Report United Kingdom Ian Snaith University of Leicester and Cobbetts LLP

Governance and Finance: How do they go together? Margaret Lund, Consultant Courtney Berner, UW Center for Cooperatives November 9, 2017

Section I CODE OF ETHICS

CHAPTER Committee Substitute for Committee Substitute for House Bill No. 437

CO-OPERATIVE BUSINESS. Robyn Donnelly

What We Heard Report Summary: Indigenous Housing Capital Program

MANUFACTURED HOME PARK LOAN PROGRAM TERM SHEET

Chapter 10 Capital Assets Solutions. (g) NA (current asset) (h) NR (i) NA (inventory) (j) I (k) I (l) NA (investment) (m) NR (n) NR (o) NR (p) I

Registered Cooperative Manager. Also known as RCM

COUNTY OF LOUISA, VIRGINIA Frequently Asked Questions Regional Business Park Current As of August 17, 2018

Marijuana and Real Estate: A Budding Issue

RECORD OF PROCEEDINGS

Open Space. Introduction. Vision. Defining Open Space. Midway City 2017 General Plan

EASTERN WEST VIRGINIA COMMUNITY & TECHNICAL COLLEGE REGULATION No. AR- 7.10

AFFORDABLE. HousiNG AND HISTORIC PRESERVATION

Introduction To Cooperatives. South Lake Tahoe May 23, 2018

NSW Affordable Housing Guidelines. August 2012

Talking Points For Slides

BOMA. Greater Minneapolis. The Commercial Real Estate Industry s Premier Source for Advocacy, Education & Networking.

Underwriting Natural Food Cooperatives. Margaret Lund, Co-Opera. November 14, 2012 Winter Webinar Series

SANTA MONICA RENT CONTROL BOARD STAFF REPORT

$350 Million In Active Listings. $12 Billion In Closed Transactions. About Calkain

Developing Land Policy in a Post-Conflict Environment: The Case of Southern Sudan

RETAIL/OFFICE SPACE FOR LEASE

GAAP UPDATE DEANA BOWDEN, CPA, MSA WHITE NELSON DIEHL EVANS LLP

NOTICE OF ADOPTED CHANGE TO A COMPREHENSIVE PLAN OR LAND USE REGULATION

CRMLS. Together, We Are the Future of MLS. Introduction. Leadership

Transcription:

About Eastern Illini Electric Cooperative Eastern Illini Electric Co-op is a member-owned corporation that provides electricity to rural residents of east central Illinois. Our main office is in Paxton, with warehouse facilities in both Gilman and Pesotum. We are governed by an elected group of nine directors, all of whom are member/owners of Eastern Illini. Eastern Illini s electric energy is purchased from Prairie Power, Inc., a generation and transmission cooperative owned by 10 electric cooperatives in Illinois, including Eastern Illini. Prairie Power, Inc. is a partial owner of a new, state-of-the-art coal-fired power plant in Lively Grove Township, Ill. called the Prairie State Energy Campus (PSEC). PSEC is among the cleanest coal-fired plants in the nation, and it exceeds all EPA requirements for emissions and air quality. One of the biggest challenges we face in providing our member/owners with safe, reliable and affordable electric service is our density. With only three consumers per mile of line, Eastern Illini s density is among the lowest in the country. Outage information Even with our reliable electric system, outages can occur. Outage information can be found at the following locations: Outage map: www.eiec.coop/outage-map Regular updates: www.facebook.com/easternillini By the numbers: Electric accounts: 13,510 Miles of line in service: 4,522 Accounts/mile of line (density): 3.0 Number of employees: 56 Average monthly kwh use: 1,449 Number of counties served: 10 Total plant value: $99 million CONSUMERS PER MILE OF LINE Municipal Utilities 48 Investor-Owned Utilities 34 Electric Cooperatives 7.5 Eastern Illini 3.0 Figures based on NRECA Co-op Facts & Figures 03/17

Cooperative leadership Eastern Illini Electric Cooperative is governed by an elected Board of Directors. The Board is made up of co-op member/owners, and is elected by the member/owers. They are tasked with setting the policies and guidelines that Eastern Illini s management team then carries out. The board meets at least once per month at the cooperative s headquarters in Paxton. Board of Directors District 1: Harold Loy, Beaverville District 2: Thomas Schlatter, Chatsworth District 3: Steve Meenen, Melvin District 4: Bruce Ristow, Cissna Park District 5: Kevin Moore, Hoopeston District 6: Brad Ludwig, Fithian District 7: Steve Gordon, Rantoul District 8: Chad Larimore, Bement District 9: Jay Hageman, Fairmount Chatsworth District 2 District 7 District 1 District 4 Melvin Cissna Park Rantoul District 3 District 5 Paxton Rossville District 6 Fithian Champaign/Urbana District 9 Fairmount Beaverville President/CEO Bob Hunzinger is Eastern Illini s President/CEO. He has over 30 years of electric industry experience. He can be reached at bob.hunzinger@eiec.coop, or by calling him directly at 217-379-0443. Bement District 8

Expert source list Eastern Illini Electric Cooperative employs many industry experts. To schedule an interview with any of these employees, please contact Mike Wilson at mike.wilson@eiec.coop or 217-202-6390. Bob Hunzinger, President/CEO Big-picture cooperative issues Cooperative management and policies Staffing/employment issues Mike Wilson, Manager of Communication & Community Relations Outage/storm information Cooperative news and events Media relations Federal and state energy-related legislation and regulation School safety and efficiency programs Bob Dickey, Vice President of Marketing & Economic Development Energy Efficiency Economic Development Cooperative rates and regulations Alan Schweighart, Vice President of Operations & Engineering System reliability Construction & maintenance Emergency preparedness Electrical safety

About electric cooperatives Electric cooperatives are private, independent businesses whose member/owners have a financial interest in the operation. They are not-for-profit, democratically governed corporations that are based in the communities they serve. Cooperative profits, or margins, are either reinvested in the cooperative or returned to the member/owners as patronage capital. Electric cooperatives provide reliable and technologically advanced service to 40 million Americans while maintaining a unique consumerfocused approach to business. America s Electric Cooperative Network America Samoa SEVEN PRINCIPLES NRECA, all rights reserved. May not be copied, reprinted, published, translated, hosted or otherwise distributed by any means without explicit permission Energy cooperatives are guided by the following seven cooperative principles, which help anchor them firmly in the communities they serve and allow close regulation by their member/owners. Voluntary & Open Membership Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership. Democratic Member Control Cooperatives are democratic organizations controlled by their member/owners, who actively participate in setting policies and making decisions. Members Economic Participation Member/owners contribute equitably to and democratically control the capital of their cooperative. Autonomy & Independence Cooperatives are autonomous, self-help organizations controlled by their member/owners. Education, Training & Information Cooperatives provide education and training for their member/owners, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. Cooperation Among Cooperatives Cooperatives serve their member/owners most effectively and strengthen the cooperative movement by working together. Concern For Community While focusing on member/owner needs, cooperatives work for the sustainable development of their communities.

Frequently asked questions Q. What is an electric cooperative? A. An electric cooperative is a not-for-profit company whose member/owners have a financial stake in the company. Cooperatives provide all of the same essential services as any investorowned utility (IOU) or municipal electric company. Q. What s the difference between cooperatives and other power companies? A. Most Americans get their electric energy from public utilities called IOUs. IOUs are for-profit private corporations owned by investors that typically operate in densely populated areas. The Rural Electrification Act of 1935 helped bring electricity to rural parts of the country not served by IOUs by offering funding options for locally owned cooperatives. Cooperatives now serve about 75 percent of America s land mass, but only 12 percent of the American population. Q. Is Eastern Illini Electric Cooperative run by or owned by the government? A. No. Eastern Illini is a corporation operating as a not-for-profit cooperative. Co-ops are governed by the member/owners they serve and ran by policies established by a member elected board of directors. The board selects a chief executive officer, who then hires additional staff for the purpose of running the organization. Q. What is the significance of being not-for-profit? A. Electric cooperatives developed because rural citizens who did not have access to electricity in the 1930s decided to band together and form their own companies to acquire power. Investorowned power companies said they couldn't make enough profit in areas with a small number of consumers per mile of expensive power line. The cooperative business structure already was a well-established part of the American free enterprise system for providing services that were too big for individuals to do alone. Not-for-profit cooperatives were a natural solution for distributing electricity in areas where making a profit would be difficult. Q. What are capital credits? A. Any revenue collected by the co-op that is not needed to cover the cost of providing service is accounted for and allocated back to member/owners based on the amount of energy they used during the year. Those credits are paid back to member/owners at a later date based on a retirement schedule adopted by the board of directors, and the cooperative s financial condition.