MTEMC's mission is to provide affordable, reliable, safe electricity and outstanding member service.
MTEMC's Bylaws are policies set forth from the cooperative's origin and are annually reviewed by the Board of Directors. Changes to the Bylaws must be approved through a vote of the membership at the Annual Meeting. The Bylaws outline, for example, membership requirements, Board of Directors credentials and Annual Meeting rules of order.
MTEMC's Rules and Regulations set forth matters of business practice for the cooperative. They are reviewed as needed by the Board of Directors. The Board of Directors and the Tennessee Valley Authority approve changes. The Board and TVA are the cooperative's two regulatory authorities.
Who We Are
Powering homes, businesses, and lives in Williamson, Wilson, Rutherford, Cannon and surrounding counties. Middle Tennessee Electric Membership Corporation distributes electricity to about 212,000 residential and business members in a four-county area directly south of metropolitan Nashville. MTEMC's is a member owned, not for profit electric cooperative that was formed by farmers and homeowners in 1936.
As with all cooperative businesses, we adhere to seven guiding principles...
- Voluntary and Open Membership -- Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.
- Democratic Member Control -- Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.
- Members’ Economic Participation -- Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative.
- Autonomy and Independence -- Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
- Education, Training, and Information -- Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.
- Cooperation Among Cooperatives -- Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.
- Concern for Community -- While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.
|Number of members served||212,919||*Times Interest Earning Ratio (TIER)||4.75|
|Total miles of line energized||10,977||Percent of line loss||2.70|
|Number of distribution substations||34||Average cost per kilowatt hour purchased power||7.47|
|System electrical demand in kilowatts||1,300,701||Average cost per kilowatt hour to member||$0.0942|
|Total kilowatt-hours purchased by MTEMC||5,810,732,719||Average monthly residential electric bill||$133.71|
|Cost of power||$434,256,349||Plant investment per service||$3,080|
|Total kilowatt-hours used by all members||5,689,906,702||Number of employees||407|
|Total electric revenue||$532,808,731||Member to employee ratio||523|
*The ability of MTEMC to pay interest on its debt is determined by this ratio. MTEMC can pay interest on its long-term debt 4.75 times.
Facts about MTEMC
- Sixth largest electrical distribution cooperative in the country
- Largest cooperative in Tennessee
- Distributes more electricity than all but one other U.S. cooperative
- Members pay less interest on borrowed money than members of almost all other cooperatives in the United States
- Administrative costs are among the lowest in the nation
- Operational costs (costs after power is purchased from TVA) are among the lowest in the nation
- Member-to-employee ratio, or the number of members for every person employed, is among the highest of any electric co-op in the country