Cooperative Membership
Cooperative Membership
Cooperative Membership
Cooperative Membership
FIEC was created by its members for its members. If you have an account for electric service with FIEC, you are a member and part owner of FIEC.
Cooperative Utility Members
FIEC’s customers are “members” of our cooperative utility if they have an account for electric service. FIEC’s members own the cooperative utility, and FIEC operates on a nonprofit basis for the benefit of its members and the North Haven and Vinalhaven communities.
Video by NRECA
Capital Credits
FIEC’s members own FIEC and provide capital to FIEC so that it can continue operating. FIEC invests the capital in the business (poles, wires, vehicles, etc.) and returns the capital as “capital credits” to its members after a certain period. Unclaimed capital credits are donated to low-income individuals in FIEC’s service territory.
Video by NRECA