The
situation improved after the implementation of President
Franklin D. Roosevelt's New Deal. The fundamental goal of
this program was to get purchasing power into the pockets
of those who were cut off from participation in the economy
of the country. In the late spring of 1935, in an effort
to get America's economy into gear, Congress approved the
passage and appropriation of a fund of $100 million to be
spent as quickly as possible in those places where it would
have the quickest and greatest impact. Among the programs
to be funded was the delivery of electric service to rural
areas. On May 11, 1935, an executive order was signed and
the Rural Electrification Administration was born. (In 1995,
REA was reorganized and became the Rural Utility Service.)
On November
14, 1935, just six months after the birth of the REA, the
first REA pole in Ohio was set in Piqua. The new lines to
be constructed were to serve the three county cooperatives,
which would merge six months later to become Pioneer Rural
Electric Cooperative, Inc., a utility company owned by the
very people it serves. Under the cooperative business model,
any margins (profits) earned by the cooperative go back
to our members, rather than to stockholders as with investor-owned
utilities.
In 1937,
Pioneer had nearly 3,000 members using an average of only
38 kWh each month. To contrast, Pioneer members used 483
million kWh of electricity in 2000, with residential consumers
usage averaging 1,250 kWh per month per member. Today, Pioneer
serves nearly 16,000 member-consumers, and has over 2,500
miles of distribution line.
As we
look to our future as a Touchstone
Energy cooperative, we are committed to ensuring
all the decisions we make are centered on the best interests
of our members. It's where we got our slogan, "Everything
We Do Revolves Around You," it's how we run our business,
and we plan to keep it that way.