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Consumer Owned

People's Electric Cooperative is a member-owned, non-profit distribution electric cooperative. As such, each member shares in any profits made by the cooperative each year. These profits are returned to members in the form of capital credits. Each member is allocated their proportionate share of profits based on the amount of kilowatt hours they used in the previous year. This amount is allocated to the member's capital credit account and a portion of that amount is retired in years where financial conditions of the cooperative allow it to retire these funds. Capital credits have been returned to the members of People's Electric each year since 1987.

Members also participate in the operations of the cooperative by electing Board Members. This Board of Trustees represents the membership in each district for four year terms. In addition, Bylaws govern the operations of the cooperative are established by the entire membership of the cooperative. Any future revisions to these Bylaws require a vote of a quorum of the membership.

PECís current Bylaws may be reviewed here