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Bowie-Cass Electric Cooperative
Bowie-Cass Electric Cooperative, Inc. is a rural utility cooperative headquartered in Douglassville, Texas that was formed in 1937. The cooperative currently serves 38,261 meters with of line. Its territory includes portions of Bowie County, Texas, Bowie, Cass County, Texas, Cass, Franklin County, Texas, Franklin, Morris County, Texas, Morris, Red River County, Texas, Red River and Titus County, Texas, Titus counties, all located in Northeast Texas. History On April 10, 1956 Mabel Bryan Morriss, secretary-treasurer of the cooperative, traveled to Washington, DC, to present Rural Utilities Service (REA) administrator Archer Nelson a check for $175,000. The check paid off in full the cooperative's first two loans and made advance payments on the others. For Morriss, it was a measure of personal triumph for it was she who almost single-handedly begged, pleaded, and pestered the REA into funding the cooperative in the first place. Her first attempt in October 1935 came back with a repl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. Profit (accounting), 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 $5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |