San Luis Valley REC

Definition

San Luis Valley REC (Rural Electric Cooperative) is a utility cooperative providing electricity to members in Colorado's San Luis Valley. It operates as a not-for-profit entity, with ownership and governance shared among its members.

Related terms

Cooperative:

A business model where the business is owned and operated for the benefit of its members, who use its services.

Utility:

A company or organization that provides essential services such as electricity, water, or gas to homes and businesses.

Member: owned - A business structure where ownership is equally distributed among all members, giving them equal voting rights in decision-making processes