The Cooperative Difference — CEO Message

Daniel Carlisle
President/CEO

Cooperatives are democratic organizations controlled by their members. As a member of Todd-Wadena Electric Cooperative, this means you have the ability to actively participate in how the cooperative is operated – setting policies and making decisions.

Todd-Wadena is both owned and democratically controlled by its membership. If you receive power from TWEC, you are a cooperative member. Governing the cooperative is a seven-member board of directors, elected by the membership at TWEC’s Annual Meeting. These seven directors are accountable to and serve as representatives of the members of our cooperative.

I would like to encourage all of our members to attend TWEC’s Annual Meeting coming up on Tuesday, April 16th, 2019 at the Maslowski Wellness & Research Center in Wadena. Members attending the meeting will have an opportunity to actively participate in the governance of our cooperative. By taking part in the democratic election process, you help determine the future of the cooperative.

Another way rural electric cooperatives differ from other types of businesses is that we operate as not-for-profit entities. Here at TWEC, we’ve built out the necessary infrastructure and continue to bring electricity to people in primarily rural areas. In many cases, we are delivering electricity to areas that municipal and investor-owned utilities have determined are not cost-effective to serve. As a result, our revenue per mile of line is substantially lower. Despite this challenge, we are committed to serving our rural population, providing people with both affordable and reliable power.

The cooperative’s rates are set to bring in enough money to pay operating costs, make payments on any loans, provide reserves, and pay back capital credits. At the end of each calendar year, operating expenses are subtracted from total revenue. Net margin is then allocated to each member as capital credits, paid out over time.

I am thankful to be a part of Todd-Wadena Electric Cooperative, bringing electricity to our community. The way we operate our business is different, and that difference allows us to best serve you – our member-owners.