York Electric Cooperative

York Electric Cooperative

Electric cooperative providing reliable power, capital credits, and community support through innovative programs and member ownership. Learn more
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DateInvestorsAmountRound
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$1.1m

Grant
Total Funding€1.0m

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York Electric Cooperative (YEC) is a member-owned electric utility that provides reliable and affordable electricity to residential, commercial, and industrial clients in York County, South Carolina. Operating as a cooperative, YEC is owned by its members, who receive Capital Credits based on their electricity usage and the cooperative's financial performance. These credits are either refunded as checks or credited to members' utility bills, depending on the amount.

YEC operates in the utility market, focusing on delivering consistent and efficient electric services while promoting community welfare. The cooperative's business model revolves around member ownership, which means it does not technically earn profits. Instead, any margins are reinvested into the cooperative or returned to members as Capital Credits. This model ensures that the cooperative's financial health directly benefits its members.

YEC also offers various programs to support its community, such as the Give 5 initiative, which allows members to help fellow members facing financial hardships. Additionally, YEC promotes the use of electric vehicles and provides resources to educate members on energy consumption and efficiency.

YEC generates revenue through the sale of electricity to its members, and its financial stability is overseen by a board of trustees who authorize refunds and manage the cooperative's assets.

Keywords: electric cooperative, member-owned, Capital Credits, reliable power, community support, Give 5 program, energy efficiency, electric vehicles, utility market, York County.