To
Be or Not To Be
"To
be or not to be". Those words originally pinned by William Shakespeare
address the essential position that we all are either one thing or another,
and Shakespeare’s statement is applicable to both individuals and corporations.
There
are two prominent types of electric service providers operating in the
southern tip of Illinois, namely: investor-owned power companies and electric
cooperatives.
Both
provide electric energy to their customers, but the essential difference
between the investor-owned utilities and the electric cooperatives lies
in the fundamental purpose of their existence.
The
primary function of investor-owned utilities is to make as much money as
possible for the owners of the corporation. Providing electric
energy is the means by which they achieve that purpose.
Electric
Cooperatives, on the other hand, exist solely to provide electric energy
to their members; there is no secondary purpose.
Occasionally
either type of electric supplier can have an identity problem where they
appear to be, or advertise themselves as something they are not.
In
my opinion, some investor-owned utilities, who in the recent past have
promoted programs with the promise of lower electric rates for everyone
in Illinois, have pretended to be something they are not in order to surreptitiously
achieve their primary purpose of maximizing profits.
Conversely,
there are a few electric cooperatives across the nation who are generating
margins considerably beyond those required by a not-for-profit corporation.
The
term "Touchstone" originally referred to a black siliceous rock used to
test the purity of gold and silver, but more recently the term has been
utilized to determine the criteria for evaluating the authenticity of a
claim.
Recognizing
the importance of being genuine to their core values and being what they
presented themselves to be, a group of electric cooperatives formed the
Touchstone Energy Brand a few years ago and there are now some 600 participants
in the program.
Touchstone
Energy Cooperatives are local active members of their communities, dedicated
to serving commercial, industrial, agricultural and residential customers
with integrity, accountability, innovation and commitment to community.
SouthEastern
is one of those 600 cooperatives who have committed themselves to meeting
defined standards to ensure that we remain true to our goal of improving
the quality of life for the communities we serve.
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