Cooperate

Texas electricity cooperatives may not be exempt from tax

Texas electric cooperators may not get exemptions under a new bill signed into law last month by Republican Gov.Greg Abbott.The bill allows utilities that provide electricity to the state’s electric cooperations to collect taxes, according to the Texas Public Policy Foundation, a conservative think tank.The legislation, SB 6, was signed into the Texas General Assembly…


Texas Electric Cooperative’s stock plunges after layoffs

The stock of the Texas Electric Cooperatives has plunged amid the layoffs of employees.The stock fell $1.43, or 0.4%, to $18.19 a share on Thursday.The company reported a $3.6 billion loss in the second quarter, and it said it would shut down its operations in the coming months.The state’s biggest electric utility has been struggling…


When Texas’ electric cooperators shut down, it left the country with a new threat

The Texas electric cooperator network was up and running just days before the state shut down its electric cooperations, leaving the country without a single electricity provider to help keep it running.Electric cooperatives are privately owned and run by people who have to get government permission to build or operate the equipment and services they…


Texas electric cooperators call on federal regulators to investigate electric cooperatively

Texas electric co-ops are calling on the Federal Communications Commission to investigate whether Texas has too many cooperatives and how they operate.The Cooperatives State of Texas Association said the Texas Commission on Occupational Safety and Health (COOSH) should investigate the state’s electric cooperats, including those operating on electric transmission lines.Cooperatives are small businesses that collect…


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