Upshur Rural Electric Cooperative Corporation (URECC) serves approximately 44,500 electric services in all or portions of Upshur, Wood, Gregg, Harrison, Smith, Marion, Cass, Rusk, Morris and Camp Counties. If you have service from Upshur Rural Electric, you’re not just a customer, you are more than a customer, you are a member-owner of the cooperative. As a member-owner of Upshur Rural Electric Cooperative, you’re doing business with a company in which you have an interest. As a cooperative, Upshur Rural Electric returns patronage capital (a refund) based on a past year’s margins (margin is the money collected above what was necessary to operate the business) and returned during some future year after you’ve taken service. This benefit flows to a member-owner in the amount of energy that is used by each member-owner in that past return year instead of basing it on who has invested more in the company. This is different from an investor-owned utility that distributes dividends or profits off of customers and sends it to investors based on how much the investor has invested in it.
But, more than anything, the cooperative business model is based on democratic control not on shareholder wants. Each year the member-owners vote to elect various members of the board of directors for the cooperative. This helps ensure the cooperative is run for the member-owner’s benefit not that of an investor.
The employees of URECC take great pride in providing its member-owners with exemplary service at an affordable price because they recognize that the member-owner is important. If you are not yet a member-owner taking service in our territory we encourage you to join the other nearly 44,500 who are and experience the cooperative difference for yourself.
- Year incorporated: 1937
- Number of meters: 44,071
- Miles of Transmission: 290
- Miles of Overhead: 5,873
- Miles of Underground: 264
- Number of square miles: 2,180
- Total Plant Investment: $163,761,733