Newton County Rural Electric Membership Corporation

Newton County Rural Electric Membership Corporation, also known as Newton County REMC, is a member-owned electric power cooperative based in Indiana. It serves the southern three-quarters of Newton County, along with portions of Jasper and Benton Counties. The cooperative operates as a mutually beneficial organization, guided by cooperative principles that emphasize member involvement and community focus.

History

Established in 1941, Newton County REMC has been providing electric services to its member-owners for several decades, ensuring reliable power and promoting local economic development through its operations.

Structure and Governance

The corporation is directed by a board of directors composed of member-elected officials. Key positions include the general manager, line superintendent, and various directors. The management is responsible for overseeing operations and ensuring adherence to cooperative principles such as voluntary and open membership, democratic member control, and cooperation among cooperatives.

Financial Overview

Newton County REMC derives most of its revenue from program services, which include the sale of electricity. According to recent financial filings, the majority of its income comes from these services, with smaller portions from investment income and other revenues. The cooperative does not rely on tax-deductible donations for its operations.

Services and Community Involvement

As a Touchstone Energy Cooperative, Newton County REMC is part of a larger network of cooperatives across the United States, committed to delivering energy solutions with integrity and accountability. The organization provides various member services, including online payment options and access to usage history. It also prioritizes community involvement, aligning with the cooperative principle of concern for community.

Regulatory Classification

Newton County REMC is classified as a type of nonprofit, specifically designated as a benevolent organization, similar to life insurance associations or telephone companies. However, donations to this organization are not tax-deductible.

Overall, Newton County REMC plays a significant role in the local community by providing essential electric services and fostering a sense of cooperation among its members.