UEC has several organizational and operational characteristics that should materially influence the Board’s consideration of the PURPA standards. First, UEC is member-owned and thus self-regulated. UEC’s member-owners elect the Board that establishes and oversees UEC’s policies, rates, service rules, and regulations. UEC is a not-for-profit organization.
Revenues collected in excess of operating expenses (margins) are assigned back to UEC members as capital credits. Under this form of organization, all costs associated with the programs, policies, and rates adopted to implement the PURPA standards will be borne in full by the UEC membership.