Power of Community - Pedernales Electric Cooperative

The electricity that PEC delivers flows throughout its 8,100 square-mile service area. It’s there when we stop to pump gas or pick up barbecue. It powers our hospitals’ lifesaving equipment, our libraries’ computers and it lights up our Friday night football games.

But your Co-op’s contribution to the community goes beyond reliable electricity.

We haven’t forgotten that the Cooperative was built nearly 75 years ago by Hill Country residents, and we’re dedicated to giving back. PEC’s Light the Way program supports local nonprofit organizations such as fire departments and senior citizen centers through annual donations, and the Co-op awards $1,000 grants to organizations not receiving other PEC funds. We also take pride in supporting tomorrow’s leaders through our Scholarship ...

As your Cooperative, PEC’s purpose is different. We’re not here to make a profit. Economic Participation is one of the seven cooperative principles, and our members are owners who fund their business by paying their electric bills.

When revenues exceed expenses, we reassign the resulting “margins” back to members by recording capital credits for accounts in proportion to the amount of electricity billed that year. The actual funds are not immediately available because they are reinvested to support operating activities and reduce borrowing, but allocations are later retired (paid out to members) according to our Capital Credits Policy.

The 2011 allocations for members’ accounts have been calculated and recorded. If your account was billed last year, you will ...