Cherokee County Electric Cooperative
Cherokee County Electric Cooperative Association is a non-profit rural electric utility cooperative headquartered in Rusk, Texas. The Cooperative was organized in 1939. The Cooperative serves portions of four counties in the state of Texas, in a territory generally surrounding Rusk. Currently (as of July 2017) the Cooperative has over 3,300 miles of line and over 20,000 meters. External linksCherokee County Electric Cooperative Association
{{Authority control Companies based in Texas Electric cooperatives in Texas Cherokee County, Texas Nacogdoches County, Texas Rusk County, Texas Smith County, Texas ...
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Utility Cooperative
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are dividends paid on a member's investment in the cooperative. Each customer is a member and owner of the business. This means that all members have equal individual authority, unlike investor-owned utilities where the extent of individual authority is governed by the number of shares held. Like cooperatives operating in other sectors, many utility cooperatives conduct their affairs according to a set of ideals based on the Rochdale Principles. Some utility cooperatives respect the seventh principle, ''Concern for community'', through ''Operation Roundup'' schemes, whereby members can voluntarily have their bill rounded to the next currency unit (e.g. $55.37 becomes $56), with the dif ...
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