Gulf Coast Electric Coop Inc

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Providing quality, reliable electric service to parts of Bay, Calhoun, Gulf, Jackson, Walton and Washington counties since 1941 Providing quality, reliable electric service since 1941 PROVIDING ELECTRIC SERVICES TO MEMBERS.

Gulf Coast Electric Coop Inc
Overview

Gulf Coast Electric Coop Inc is a nonprofit organization classified under the category of mutual/membership benefit organizations. It operates as a member-owned, not-for-profit electric utility company, primarily serving residential customers across six counties in Florida's Panhandle, including Gulf, Calhoun, Bay, Walton, Jackson, and Washington.

History

Incorporated under the laws of the State of Florida on October 28, 1941, Gulf Coast Electric Coop Inc was established to provide affordable electric service where none existed. This aligns with the typical founding goals of electric cooperatives, which aim to meet community needs at a lower cost.

Services and Programs

The cooperative offers a range of services to support economic development and energy efficiency. Key initiatives include:

  • Economic Development: Gulf Coast Electric Coop prioritizes retaining existing businesses and attracting new jobs to its service areas. It has an active key accounts program to support this goal.
  • EC Commercial Program: This program provides equipment financing options for commercial and industrial customers, facilitating business growth and investment.
  • Rural Development Loans: The cooperative offers low or zero-interest loans for projects that are expected to create significant employment opportunities and positively impact local economic development.
  • Energy Efficiency Services: Gulf Coast's engineering staff assists new and existing businesses in optimizing their energy use, ensuring power quality and efficiency.
Financial Overview

As of its latest available financial data, Gulf Coast Electric Coop Inc reported a revenue of $64.8 million and expenses of $60.2 million, with total assets valued at approximately $244 million and liabilities of $167 million. The primary source of revenue comes from program services, mainly through electricity provision to its member-owners.

Operations

With over 21,300 active customers, the cooperative is committed to personalized service through its local offices. This focus on community support and involvement is a hallmark of its operational model.

Governance and Leadership

Gulf Coast Electric Coop Inc is governed by a board of directors, which includes various members compensated for their roles. The leadership structure reflects the cooperative's member-driven nature, ensuring that decisions are made with the interests of its owners in mind.

Tax Status

Gulf Coast Electric Coop Inc does not accept donations that are tax-deductible, consistent with its designation as a mutual/membership benefit organization.

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Founded

1941

Facebook

9300

X (Twitter)

443

Traffic

3752100

Address: PO Box 220, WewahitchkaWeb: Sign in to see organisation websiteFacebook: GulfCoastElectricX (Twitter): GulfCoastECEmployees: 112Revenue: 64847113ICO: 590543772

Gulf Coast Electric Cooperative

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News about from their social media (Facebook and X).

Gulf Coast Electric Coop Inc

We're 100% local, no artificial anything and we even have a secret ingredient. YOU. 🍊 This co-op month see what makes membership so sweet at GCEC and enjoy the #CooperativeDifference.

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Alan

2. What role does Gulf Coast Electric Cooperative play in disaster preparedness and response, particularly in relation to their 2025 FEMA Emergency Contracting Joint Procurement Program?

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Catherine

1. How can Gulf Coast Electric Cooperative enhance community engagement and awareness about energy-saving programs in the areas it serves?

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Peter

Loved reading the latest President's Message! It's inspiring to see such commitment to community in action. Keep up the fantastic work! πŸ’ͺπŸ’™

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Margaret

So proud to be part of a community that has reliable electric service since 1941! Thank you, Gulf Coast Electric Coop, for always keeping our lights on! πŸŒŸπŸ’‘

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