About Flint Energies
Incorporated in 1937, Flint Energies is a not-for-profit member-owned electric cooperative that provides energy services to residential, commercial, industrial and agricultural members in parts of 17 central Georgia counties. Flint has 240 employees and serves more than 250,000 Georgians through 87,000 meters. Flint’s physical plant consists of more than 6,250 miles of distribution line and 50 substations located within Bibb, Chattahoochee, Crawford, Dooly, Harris, Houston, Macon, Marion, Monroe, Muscogee, Peach, Schley, Sumter, Taylor, Talbot, Twiggs and Upson Counties. The system also includes the Museum of Aviation at Robins Air Force Base and the Fort Benning military post. Flint is the eighth largest of Georgia’s 42 EMCs and the 37th largest of the nation’s nearly 1,000 rural electric cooperatives.
Flint Energies is also a Touchstone Energy Cooperative, part of a nationwide family of electric cooperatives exhibiting the core values of integrity, accountability, innovation and commitment to community. Flint’s members give their cooperative an American Customer Satisfaction Index (ACSI) score of 82, which rates higher than most investor-owned utilities in the country.
What Is A Member?
Any individual or entity that is uses electricity from Flint Energies. They are entitled to participate in cooperative elections and vote and to share in patronage capital allocations.
What Are Capital Credits?
The retained margins left over at the end of the year at a not for profit electric cooperative. Capital credits are the most significant source of equity for most cooperatives. Capital credits are somewhat similar to the dividends that investor-owned utilities pay to their shareholders. The difference is that the Cooperative’s “shareholders” are also the people that it serves and the “dividends” (capital credits) are distributed to those member/consumers. Capital credits reflect each member’s ownership in the cooperative. It is also called patronage capital or equity capital.
The Seven Principles that Distinguish Co-ops from Other Electric Suppliers
Voluntary and Open Membership
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.
Democratic Member Control
Cooperatives are democratic organizations controlled by their members who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.
Member Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. The members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
Education, Training and Information
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.
Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, regional, national and international structures.
Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.