anonymous wrote:

On Thu, 02 Oct 2003 02:22:47 GMT, Peggie Hall said:

Classic example of mouth engaging without brain. Electric co-ops are
"member" owned...the only thing the gov't has to do with 'em is the
regulation against making a profit.

Nope. Just proves my point. Guvmint does one thing with them and it's the
wrong thing.

Each co-op comprises a bunch of individuals who got together to (in this
case) buy electricity. It pays no taxes because it makes no profits.
AFAIK the Gummymint doesn't actually forbid profits; it just takes away
their "co-op" (nonprofit) tax status if they do. If this is "the wrong
thing" how do you think they should be treated?