Cooperatives, such as ANEC, are not like other types of businesses. Our business model is based on the 7 Cooperative Principles Click the picture above to learn about each of these basic principles on which the business they own is operated.

Welcome to A & N Electric Cooperative. Based in Tasley, Virginia, ANEC is a non-profit organization with no outside investors. It is owned and controlled by the members who use the service. Ownership and investment come from the refundable membership for electric service, and from any amount of the monthly bills that are in excess of the actual cost to the Cooperative to deliver the electric service to the members.

Net margins earned by the Cooperative are credited to each member's capital credits account at the end of each year. Capital credits are allocated to members based on the member's consumption of energy during the year. The Cooperative's goal is to return capital credits to members on a regular basis. A & N has been successful in this goal by retiring capital credits to its members every year for the past 23 years.

Capital credits are one of several advantages enjoyed by Cooperative members. The members own the system. They elect fellow members to the Board of Directors who make the policies that control the operation of the Cooperative. A cooperative is in business to furnish services or products to only the members, and not to make money for distant investors. It is owned and controlled by the members.

"Owned by those we serve."