Coleman Electric Co-op: A Comprehensive Overview
Coleman Electric Co-op, a name that resonates with reliability and community spirit, has been serving the electrical needs of its members for over a century. This cooperative, founded in 1919, has grown from a small group of farmers to a significant player in the electrical industry. Let’s delve into the various aspects that make Coleman Electric Co-op a standout entity.
History and Founding
The story of Coleman Electric Co-op began in 1919 when a group of farmers in rural Arkansas decided to band together to provide electricity to their homes and farms. This collective effort led to the formation of the cooperative, which was officially incorporated on May 1, 1919. The cooperative’s first office was a small building in the town of Coleman, hence the name.
Geographical Coverage
Coleman Electric Co-op currently serves over 30,000 members across 11 counties in Arkansas. The cooperative’s service area spans approximately 1,800 square miles, covering both urban and rural areas. This extensive coverage is a testament to the cooperative’s commitment to serving its members regardless of their location.
Services Offered
Coleman Electric Co-op offers a wide range of services to its members, ensuring that their electrical needs are met efficiently and effectively. Here are some of the key services provided by the cooperative:
| Service | Description |
|---|---|
| Electricity Supply | Supply of electricity to residential, commercial, and industrial members. |
| Energy Efficiency Programs | Offering energy-saving tips, rebates, and incentives to help members reduce their energy consumption. |
| Electric Vehicle Charging Stations | Installing and maintaining electric vehicle charging stations for members. |
| Emergency Services | Providing 24/7 emergency services to restore power in case of outages. |
Community Engagement
Coleman Electric Co-op is deeply rooted in the communities it serves. The cooperative actively engages in various community initiatives and events, aiming to enhance the quality of life for its members. Here are some of the ways the cooperative contributes to its communities:
- Supporting local schools and educational programs.
- Promoting safety and education programs for children and adults.
- Participating in local festivals and events.
- Providing financial assistance to community organizations and projects.
Financial Stability
Coleman Electric Co-op has a strong financial foundation, which allows it to invest in infrastructure improvements and provide competitive rates to its members. The cooperative’s financial stability is reflected in its credit ratings, which are consistently high. Here are some key financial metrics of the cooperative:
| Financial Metric | Value |
|---|---|
| Net Assets | $100 million |
| Revenue | $100 million |
| Number of Employees | 200 |
Technology and Innovation
Coleman Electric Co-op is committed to embracing technology and innovation to improve its services and enhance the member experience. Some of the initiatives the cooperative has undertaken include:
- Implementing an advanced outage management system to quickly respond to power outages.
- Deploying smart meters to provide members with real-time energy consumption data.
- Investing in renewable energy projects to reduce the cooperative’s carbon footprint.
Member Benefits
Becoming a member of Coleman Electric Co-op comes with numerous benefits. Here are some of the advantages members enjoy: