Nishnabotna Valley REC will provide safe and reliable electric services to our members in a valuable, sustainable, and environmentally responsible manner.
Our Service Territory
Nishnabotna Valley REC serves rural members in Southwest Iowa. See the map below to get an idea of our service area. Although we reach into six counties, we average 1.7 members per mile of line in our service territory. You can click here to download a detailed map of our service area (pdf).
Electric cooperatives are private, not-for-profit businesses governed by their consumer-members. Two federal requirements for all co-ops, including electric co-ops, are democratic governance and operation at cost. Every consumer-member can vote to choose local boards that oversee the co-op, and the co-op must, return to consumer-members revenue above what is needed for operation. Under this structure, electric co-ops provide economic benefits to their local communities rather than distant stockholders.
Watch this video to see the Electric Cooperative Story
An electric cooperative is:
- a private, independent electric utility business.
- incorporated under the law of the state in which it operates.
- established to provide at-cost electric service.
- owned by the consumers it serves
- governed by a board of directors elected from the membership, which sets policies and procedures that are implemented by the cooperative's professional staff.
These are the principles that differentiate the cooperative form of business:
Voluntary and open membership Democratic member control Members' economic participation Autonomy and independence Education, training and information Cooperation among cooperatives Concern for community
Members of Nishnabotna Valley REC share in the benefits of doing business with the Cooperative. One benefit comes in the form of capital credits, or patronage dividends. The capital credits you get are revenues in excess of expenses to operate the REC.
Patronage dividend notices are mailed to members each April to indicate how much money was allocated to them for the previous calendar year. Each member's share is in proportion to the net electric margins they generate.
Patronage dividends are returned to members on a 20-year roll. Iowa law also allows a percentage of the current year's dividends to be returned.
While retained by Nishnabotna Valley REC, allocated patronage capital contributes to the Co-op's equity and strengthens its financial position. Annually, the Board of Directors reviews the financial position and determines whether a percentage of the current year's allocation may be paid to the members without jeopardizing the cooperative's financial stability.
Members of Nishnabotna Valley REC have received over $4.2 million in patronage dividends since the Cooperative began in 1936.
From time to time, Nishnabotna Valley REC has employment opportunities available in a variety of career fields. We offer challenging career opportunities and an excellent benefits package. When employment opportunities are available, you will find them here.