ACE Hardware, State Farm, REI, Land O’Lakes, and Shenandoah Valley Electric Cooperative all have one thing in common: we are all cooperatives.
We may be in different industries, but we all share a passion to serve our members and help our communities thrive. In fact, all co-ops adhere to the same set of seven principles that reflect our core values of honesty, transparency, fairness, inclusion and service to the greater good of the community. October is National Co-operative Month, a great time to reflect on those principles that have stood the test of time but also provide a framework for the future.
From voluntary and open membership to democratic control of members and economic participation of members, the guide to cooperative principles is present in everything we do. At SVEC, it’s not just about money, it’s about opportunities for everyone and being fair in engagement with our members. The cooperative path is a business model based on values.
This is an important fact to remember as the co-op moves towards implementing a proposed rate increase in 2022. In order to better position the co-op for the future, we are looking for an overall increase. tariffs of 2.4% in 2022 and an increase of 3.7% compared to the average. residential members use. These percentages are much lower than the current rate of inflation, as consumer goods all around us are experiencing rising costs. We invite all members who have a question about our rate proposal to participate in a public telephone meeting scheduled for Thursday, November 18 at 7 p.m. Please register for this event at svec.coop/townhall.
SVEC is a reflection of our local community and its constantly changing needs. We see our role as a catalyst for good and making our part of the world – our beautiful Shenandoah Valley – a better place.
Dr Conrad Helsley is Chairman of the SVEC Board of Directors.