It’s a matter of principles

Posted on Oct 04 2021 in Southern Indiana Power
Steve Seibert

Superior Ag,  PSC and Southern Indiana Power all share something in common: We’re all cooperatives. 

We may be in different industries, but we all share a passion for serving our members and helping our communities. October is National Co-op Month, so this is the perfect time to reflect on three of our seven principles that have stood the test of time but also provide a framework for the future.

Voluntary and open membership 

Just like all co-ops, Southern Indiana Power was created out of necessity — to meet a need that would have been otherwise unmet in our community. It’s hard to believe back in the day, a group of neighbors banded together and organized our electric co-op so everyone in our community could benefit. Back then, a modest membership fee to the co-op could allow any farmer to get electricity brought to his farm. Neighbors came together to tackle a problem that they all had but couldn’t solve alone. They worked together for the benefit of the whole community, and the newly established electric lines helped power economic opportunity in our community.

Democratic member control

Our co-op is also well suited to meet the needs of our members because we are locally governed. Each member gets a voice and a vote in how the co-op is operated. Southern Indiana Power’s board of directors, who help set long-term priorities for the co-op, also live locally on co-op lines. These board members have been elected by neighbors just like you. We know our members have a valuable perspective, and that’s why we are continually seeking your input and encourage you to weigh in on important issues and participate in director elections. 

Our close connection to the community ensures we get a first-hand perspective on members’ priorities, thereby enabling us to make more informed decisions on long-term priorities.

Members’ economic participation

As a utility, our mission is providing safe, reliable, affordable power while improving the quality of life for our members.. But as a co-op, we are also motivated by service to the community, not corporate profits. Members contribute equitably to the capital of Southern Indiana Power. At least part of that capital remains the common property of the cooperative as we invest in programs, initiatives, capital projects and support local activities. Because we are guided by seven cooperative principles, it’s not just about dollars — it’s about opportunity for all and being fair when engaging with our members.

Southern Indiana Power is a reflection of our local community and its evolving needs, and we’re all a part of the bigger picture.