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.
