Electric cooperatives are consumer-owned membership corporations originally formed in the 1930’s and ’40’s to provide electric service to rural sections of the country. Today there are over 900 electric cooperatives throughout 47 states that serve over 42 million people.
We are dedicated to being both reliable energy providers and responsible environmental stewards, providing reliable, cost-effective, environmentally sustainable, wholesale electric services to our 11 member distribution cooperatives in Virginia, Maryland and Delaware. Our core business is generating, purchasing and delivering electricity to our members.
By safely generating electricity, employing industry knowledge, optimizing resources (including Demand Response and Energy Efficiency), enhancing financial strength, and mitigating enterprise risk to provide reliable, environmentally-sustainable power supply at the lowest possible cost.
ODEC and our members are each governed by a Board of Directors comprised of representatives elected from and by the respective entity’s total membership. Through effective leadership, we utilize the collective strength of our Members and our Employees. Through stakeholder education, we share the ODEC ownership structure, our purpose and how we operate.
Our 11 members provide retail electric service to their member-owners who total more than 560,000 (in terms of meters served) representing a population of approximately 1.5 million. Consumers are located in 70 counties along 59,000 miles of distribution lines that extend from Delaware and Maryland, south across Virginia to the North Carolina border, and from Virginia’s Eastern Shore to the Allegheny Highlands. Our corporate headquarters is located in Glen Allen, Virginia.
7 Cooperative Principals
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership without gender, social, racial, political or religious discrimination.
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.
Members contribute equitably to, and democratically control, the capital of their cooperative.
Cooperatives are autonomous, self-help organizations controlled by their members.
Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
While focusing on member needs, cooperatives work for the sustainable development of their communities through policy.
In addition to the seven cooperative principles, qualifications for membership and the rights and obligations of our members are defined by law and established in our corporate bylaws.
We value our Members and their Member-Owners, our Employees, and our Stakeholders, and we pursue continuous learning with a commitment to the following values:
We promote an accident-free, secure and healthy work environment with the goal of eliminating at-risk behaviors and unsafe conditions.
We do the right things by maintaining high ethical standards, focusing on fairness and respect, embracing diversity and never compromising our values.
We accept responsibility for our actions and for the effective use of people’s talents, environmental resources and physical assets.
We are committed to serving our members and their member-owners by providing reliable, environmentally-balanced power supply at the lowest possible cost.