Guidelines for development of renewable energy co-operatives in Ontario
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Guidelines for development of renewable energy co-operatives in Ontario Speaker: Jennifer Heneberry, Co-operative Development Manager, Ontario Co-operative Association Part of the 2010 Community Power Finance Forum at MaRS: http://www.marsdd.com/communitypower
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Guidelines for development of renewable energy co-operatives in Ontario
- 1. Guidelines for the Development of Renewable Energy Co-ops Community Power Financing Forum May 10 th , 2010 Jen Heneberry, Co-op Development Manager, Ontario Co-operative Association
- 2. INTRODUCTION
- 4. Basic Co-operative Structure
- 7. HISTORY OF ENERGY CO-OPS
Editor's Notes
- You have to actually view the show to see how this works.
- Co-op structure – not organized as profit/NFP Share Capital vs Non-share capital: Share capital refers to shares offered by the co-op to members or outside investors. Often called member equity. Often used to buy equipment, land, or other fixed assets. Incorporating without share capital means that the co-op must rely on debt financing to raise money. Fine for covering operating expenses such as supply purchasing. Co-ops can combine debt financing with share capital. Shares pay a return to members. On Co-op is organized as a co-op without share capital. In BC, the BC Co-op Association has share capital and pays dividends back to members. Revenue and distribution of surplus Revenue used to buy assets and pay expenses. In co-ops surplus can be distributed to members through patronage, which is usually distributed based on how much business a particular member does with the co-op. payments can be in cash or in additional patronage loans.
- For co-ops: Non profit does not mean NO profit NFP – community focus Co-ops better the lives of their members (not always the same); membership is the end benefit, community is ancillary In Canada. Profit/NFP is defined by Canada Revenue Agency. Essentially means that the organization does not operate with the primary purpose of generating profit.