{"id":34027,"date":"2020-03-03T18:08:12","date_gmt":"2020-03-03T23:08:12","guid":{"rendered":"https:\/\/www.gladeselectric.com\/?page_id=34027"},"modified":"2024-03-25T16:26:37","modified_gmt":"2024-03-25T20:26:37","slug":"our-story","status":"publish","type":"page","link":"https:\/\/www.gladeselectric.com\/about-us\/our-story\/","title":{"rendered":"Our Story"},"content":{"rendered":"

NOT-FOR-PROFIT | MEMBER-OWNED | MEMBER-LED<\/h4>\n
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Glades Electric Cooperative’s service area spans portions of Glades, Hendry, Highlands, and Okeechobee counties.<\/figcaption><\/figure>\n

In the early 1940s, investor-owned utilities were unable to make the investments to expand their systems into the rural areas of Florida\u2019s Heartland to bring power to sparsely populated areas. The signing of the Rural Electrification Act in 1936 allowed residents to come together to build their own electric utilities with the help of federal loans.<\/p>\n

In the fall of 1944, local residents banded together to form an electric cooperative to serve residents of Florida’s Heartland who had been left behind in the electrification of rural Florida. Neighbors went to neighbors to gather membership applications, and on January 25, 1945, they gathered on the steps of the courthouse in Moore Haven to officially form Glades Electric Cooperative.<\/p>\n

Even today, Glades Electric serves more sparsely populated areas than neighboring investor-owned utilities (IOUs), averaging seven meters per mile of service line as compared to 51 & 78 meters per mile of line for nearby IOUs.<\/p>\n

Today, Glades Electric Cooperative provides power to more than 17,000 accounts over 2,600 miles of line in portions of Glades, Hendry, Highlands, and Okeechobee counties. We are based in Moore Haven, Florida, with a satellite office in Lake Placid.<\/p>\n

As a not-for-profit electric cooperative, we are owned by those we serve and led by members who serve on our Board of Trustees. All Trustees are elected by Glades Electric Cooperative members. For more information on the election process, visit our Board of Trustees page<\/a>.<\/p>\n

Glades Electric Cooperative Fact Sheet<\/a><\/p>\n

 <\/p>\n

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<\/div><\/h2>\n

Our Power Provider<\/h2>\n

Glades Electric Cooperative is a distribution cooperative, meaning we do not generate our own electricity. We purchase wholesale electricity from Seminole Electric Cooperative<\/a> headquartered in Tampa.<\/p>\n

We’re proud to be a Seminole Electric Cooperative member. Seminole maintains a diversified portfolio of resources for electric generation for its member distribution cooperatives and is committed to maintaining affordable and reliable energy, while reducing their carbon footprint..<\/p>\n

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<\/div><\/h2>\n

Not-For-Profit with Member Ownership<\/h2>\n

Unlike investor-owned utilities, Glades Electric Cooperative is a not-for-profit corporation operating on an at-cost basis. Rates are set to generate enough money to pay operating costs, make payments on any loans, and provide an emergency reserve. At the end of each year, operating expenses are subtracted from operating revenue collected. The balance is called an operating margin. Margins are allocated to members as capital credits<\/a> based upon the amount of power the member purchased. Later, as financial conditions permit, these allocated amounts\u2014capital credits\u2014are retired. Capital credits represent the most significant source of equity for Glades Electric Cooperative.<\/p>\n

Since a cooperative\u2019s members are also the people the co-op serves, capital credits reflect each member\u2019s ownership in and contribution of capital to the cooperative. This differs from dividends that investor-owned utilities pay shareholders, who may or may not be customers.<\/p>\n

<\/div><\/h2>\n

Glades Electric Cooperative Purpose Statement<\/h2>\n

WHAT WE DO:<\/strong> Provide safe reliable, and affordable power to our members and communities with exceptional service.<\/p>\n

HOW WE DO IT:<\/strong> By deploying innovative technology and utilizing a responsive, dedicated team of skilled, collaborative, knowledgeable employees.<\/p>\n

WHAT DRIVES US:<\/strong> To be the trusted energy provider for our members.<\/p>\n

WHAT WE VALUE:<\/strong> Member satisfaction, our dedicated employees, and commitment to excellence.<\/p>\n","protected":false},"excerpt":{"rendered":"

NOT-FOR-PROFIT | MEMBER-OWNED | MEMBER-LED In the early 1940s, investor-owned utilities were unable to make the investments to expand their systems into the rural areas of Florida\u2019s Heartland to bring power to sparsely populated areas. The signing of the Rural Electrification Act in 1936 allowed residents to come together to build their own electric utilities […]\n","protected":false},"author":18,"featured_media":0,"parent":32078,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/pages\/34027"}],"collection":[{"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/comments?post=34027"}],"version-history":[{"count":29,"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/pages\/34027\/revisions"}],"predecessor-version":[{"id":36203,"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/pages\/34027\/revisions\/36203"}],"up":[{"embeddable":true,"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/pages\/32078"}],"wp:attachment":[{"href":"https:\/\/www.gladeselectric.com\/wp-json\/wp\/v2\/media?parent=34027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}