Cooperative Electric Utility

« Back to Glossary Index

An electric utility legally established to be owned by and operated for the benefit of those using its service. It will generate, transmit, and/or distribute supplies of electric energy to a specified area not being served by another utility. Such ventures are generally exempt from Federal income tax laws. Many have been initially financed by the Rural Electrification Administration, US Department of Agriculture.

« Back to Glossary Index