What It Means to Be a Member
Your electric cooperative is different from other utilities because it is a not-for-profit business. We do not sell stock and are not under pressure to earn profits for absentee stockholders. The Cooperative is owned by its members, not investors. Anyone who buys electricity from Midland Power Cooperative is a member; all members share ownership of the Cooperative and have a voice in its operation.
A benefit of being a member is competitive energy costs. The rates and fees are cost based, which provides you with the lowest prices to deliver safe and affordable electricity. If Midland Power collects more money than it needs to operate, it reinvests those margins into the system to keep your power on and keep our needs to borrow high-interest capital to a minimum.