North Plains Electric Cooperative, Inc.

Description

• A Rural Electric Cooperative/ Electric Utility in the Northeast Texas Panhandle.North Plains Electric Cooperative is a business corporation chartered by the State of Texas and operating under Texas laws. It is wholly owned and controlled by the people in Hansford, Hemphill, Hutchinson, Lipscomb, Ochiltree, Roberts, and Wheeler counties to whom it provides electric service. North Plains Electric Cooperative is owned by a specific group of people, (not the public) so it is a private enterprise. The people who use its services are members of the organization. These members own and control the Co-Op.As a cooperative, North Plains Electric operates on a non-profit basis. All revenues, over and above the cost of doing business for a year, are credited to members under a patronage refund plan called Capital Credits. The cooperatives electric rates are designed to bring in enough money to pay operating costs, meet loan payments, and provide a reserve for emergencies. At the end of each calendar year, we subtract our operating expenses from the collected revenue for the year; the balance is our margin. Every year the cooperative produces a margin, members individual shares of that margin are credited or allocated to individual capital credit accounts.
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  Headquarters:14585 Us Highway 83 , Perryton, Texas, United States

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  Phone Number: +1 806-435-5482

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  Website: http://npec.org/

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  Employees:3

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  Revenue:$1 - 10M

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  Legal Name:North Plains Electric Cooperative, Inc.

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• |  NAICS Code: 221111  |

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