There are three types of utility companies across the United States. You, as a member of Northeastern REMC, are part of an electric cooperative. One of the best things about being a co-op member is that you are not simply a customer but rather a member-owner. Your financial contribution (paying the bill) keeps your lights on but also helps run the co-op that powers more than 30,000 people in this community. A portion of that financial contribution is returned to you each year in the form of capital credits, which you saw on your December bill. You can learn about the many other perks of being part of an electric cooperative as we share them throughout the year. Below are the main differences between the types of electric companies.