video1.0<iframe src="https://www.loom.com/embed/6c6b641ec1a545c8b7416fb659180562" frameborder="0" width="1280" height="960" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>9601280Loomhttps://www.loom.com9601280https://cdn.loom.com/sessions/thumbnails/6c6b641ec1a545c8b7416fb659180562-e007f7ab89390541.gif190.100001This Loom explains the difference between electric cooperatives and investor-owned utilities and why it matters for how communities are served. Electric cooperatives are owned by the members they serve, who each get an equal vote and are focused on serving the community rather than generating profits, with some returning extra money as capital credits. Investor-owned utilities are owned by shareholders who seek returns and profit. The speaker notes cooperatives were first created in the late 1930s by President Franklin D. Roosevelt to bring electricity to rural areas, and highlights Big Country Electric Cooperative’s community involvement, including support for the Scurry County Junior livestock sale and the Lyman Training Program at the local community college.