KRS 279.020: Who may incorporate.

Any three (3) or more individuals, partnerships, associations, or private corporations, a

majority of whom are citizens of Kentucky, may by executing, filing, and recording

articles of incorporation as provided in KRS 279.030 and 279.040 organize to conduc t a

nonprofit cooperative corporation for the:

(1) Primary purpose of generating, purchasing, selling, transmitting, or distributing

electric energy to any individual or entity, and providing any good or service related

to generating, purchasing, selling, transmitting, or distributing electric energy to any

individual or entity; and

(2) If the cooperative desires, for the secondary purpose of engaging in any other lawful

business or activity, provided that any nonregulated business or activity is

conducted through an affiliate except for any business or activity which does not

involve the sale of a product that is conducted pursuant to a contract with a federal

military installation or a contract for administrative services which does not involve

the sale of a product requested by a local, state, or federal government.