CoServ Electric is not your typical utility. For starters, we are a nonprofit electric cooperative owned and overseen by the North Texas customers we serve (known as "Members"). Our more than 188,000 Members want convenient and reliable service, stable rates and energy-saving advice to lower their bills. That’s exactly what we deliver.
To receive electric service from us, you’ll first become a Member. To do this, you must:
- Agree to purchase electric power from CoServ.
- Pay a one-time membership fee of $15, which is refundable (applied to your final bill) upon closing all active accounts with CoServ.
- Agree to comply with, and be bound by, the articles of the cooperative, as well as any rules and regulations adopted by the CoServ Board of Directors.
Keep in mind that no Member may hold more than one membership (although you may hold multiple accounts if you need multiple meters). Also, no membership is transferable, except as provided for in our Bylaws. Once you’re a Member of CoServ, you’ll enjoy a variety of privileges not found at other retail electric providers.
Cooperatives around the world generally operate according to the same core principles, and they trace these roots to the first cooperative founded in Rochdale, England in 1844. This is considered the birth of modern cooperatives because of the principles and practices created to guide the co-op. The principles have evolved over the years, but no matter the industry, today all cooperative businesses adhere to seven guiding principles:
- Voluntary and Open Membership—Cooperatives accept any person able to use our services who agrees to the responsibilities of membership.
- Democratic Member Control—We’re governed by our Members. Those elected to the Board can actively participate in setting policies. Elected board representatives answer to the Member-owners. In the name of equality, each Member gets one vote at election time. (It doesn’t depend on your energy usage or your tenure with us.)
- Members' Economic Participation—Members contribute equally to, and democratically control, the capital of CoServ. The cooperative returns margins (or profits) to Members in the form of Capital Credits.
- Autonomy and Independence—Cooperatives are independent companies controlled by our Members. If we enter into agreements with other organizations (including governments) or raise capital from external sources, we do so on terms that ensure continued democratic control by our Members.
- Education, Training, and Information—We teach and train our Members, Board Directors, Managers, Employees and the general public. Topics include industry issues, conservation, community involvement, safety and more.
- Cooperation Among Cooperatives—We serve our Members best by strengthening the cooperative movement and working together through structured groups such as Texas Electric Cooperatives (TEC) and the National Rural Electric Cooperative Association (NRECA).
- Concern for Community—We live in North Texas, too, and want to see our communities prosper. That’s why CoServ invests in worthy causes throughout our service area through the CoServ Charitable Foundation.