Electric cooperatives stand out from other types of businesses because we are built and led by the communities we serve. As independent, not-for-profit electric utilities, we are owned and governed by our local members—not by outside shareholders or investors. That is a powerful difference.
Here are a few ways electric co-ops like PenLight bring unique value to the local communities they serve:
- We put people before profits. Co-ops are not-for-profit and provide at-cost electric service. Any revenue beyond our operational needs is reinvested into our system to ensure the continued delivery of reliable power. 45811
- Community comes first. We live and work here too, and we care deeply about our local communities. That’s why we engage in development and revitalization projects, sponsor local students for scholarships and youth programs, and give back to local organizations like Food Backpacks for Kids, Communities in Schools of Peninsula, FISH Food Bank, The Greater Gig Harbor Foundation, youth sports and so much more.
- Affordable, reliable power is our priority. PenLight purchases electricity from Bonneville Power Administration, our wholesale energy provider.
As a new year begins, we’re focused on our members’ energy needs—not only for today but for the long haul. We’re advocating for smarter energy policies that prioritize reliability and affordability for all. We recognize we must be inclusive of all energy sources, which is why we work closely with energy partners to ensure the use of a diverse mix of sources to generate the electricity we provide to our members.
PenLight is working to power a brighter future through innovation that meets tomorrow’s energy needs. Reliable, affordable electricity is more important than ever before, and our focus will continue to be in the best interest of the local communities we serve. 451618