The Cooperative Difference
There is a clear difference in the operation of an organization when the customers are also the owners.
Taylor EC's structure and governance is based on the Cooperative Business Model:
• provide at-cost electric service
• owned by the consumers it serves
• governed by a board of directors elected from the membership
• directors set policies and procedures that senior management implements
• an independent electric utility business incorporated under the laws of the states in which it operates
In contrast to investor-owned utilities, which exist to maximize profit for their shareholders, Taylor EC's net margin does not belong to the IOU investors or the utility - it belongs to our consumer-owners.
National Rural Electric Cooperative Association (NRECA)
NRECA is the service organization dedicated to representing the national interests of electric cooperative utilities and the consumers they serve.
Texas Electric Cooperatives (TEC)
Texas Electric Cooperatives represents the interests of 75 electric cooperatives in Texas with more than 3 million members throughout the state. TEC serves its members by providing products and services that help sustain cooperative businesses in the 21st century. The association advocates for cooperatives in the Texas Legislature, the U.S. Congress and state and federal regulatory agencies.
The association also publishes Texas Co-op Power, a monthly magazine reaching 1.3 million electric cooperative members in 61 Texas cooperatives.
Touchstone Energy Cooperatives
The Touchstone Energy brand represents a nationwide alliance of 750 local, consumer-owned electric cooperatives in 46 states.
Championing the cause for lowest-cost, democratically governed energy, Touchstone Energy provides a unified face for the small businesses that own and service rural America’s 2.5 million miles of power line. The Touchstone branding communicates world-class quality and consistent standards of excellence wherever it is seen.
Golden Spread Electric Cooperative
Golden Spread Electric Cooperative, Inc. is a generation and transmission utility, organized in 1984 to provide low cost, reliable electric service for its rural distribution cooperative members.
Taylor EC is one of 16 members that purchases power from the Golden Spread Electric Cooperative.