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Electric Co-Ops: The Randolph Electric Cooperative Business Model

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The Randolph Electric Membership Corporation follows an electric cooperative business model. The investor-owned models followed by bigger corporations, the corporations are mainly run by stockholders. This model holds the largest percentage of the consumer market. Duke energy is very popular in Randolph County, North Carolina, and the United States. Private corporations with a lot of power aren’t always the best. Municipal owned corporations are public utilities that are operated by the city in which they reside. Municipal owned corporations hold a smaller percentage of consumers than the investor-owned model, though higher than electric co-ops. Electric co-ops rank highest in member satisfaction among the three types of utilities. Electric co-ops serve the smallest number of consumers. …show more content…
Often in an electric co-op, members elect the board based on their consumer needs. I want to be a part of the rural youth tour for a few reasons. When I first began this process, I knew only what my 9th grade earth and environmental teach taught about energy. In 10th grade, we talked about the energy cycle. I want to go on this trip to learn something new. Energy is barely ever talked about in schools. When I graduated, I know for sure that I want to go into Homeland Security. I don’t want to do this as something in my future, but I feel it is my civic duty to look into the utilities. How will I be prepared for voting if I don’t understand energy and environmental issues? Another reason I want to go is to talk to legislators about promoting and incorporating energy related jobs. If I walked around my school and asked people what they wanted to be, I’d hear several things. I would hear nurses, doctors, lawyers, engineers, and even the occasional pop star. In school they told us, we could do whatever we wanted if we set our mind to it. Schools claim to be preparing the next generation,

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