Arkansas Electric Cooperative Corp.

• Private
• US

Dow Jones Description

Arkansas Electric Cooperative Corp. (AECC), based in Little Rock, is one of the top generation and transmission cooperatives in the nation with assets of about $1 billion and annual energy sales of about $400 million. It provides wholesale electricity, at some of the most competitive rates in the nation, to 16 of the state's 17 electric distribution cooperatives. Those cooperatives also own AECC and are its members. AECC was created in 1949 to provide Arkansas' electric cooperatives with a reliable and affordable power supply. At the time, the cooperatives were faced with rising electricity costs and shrinking power supplies. At the root of the problem was the cooperatives' dependence on investor-owned utilities for wholesale power. Although the cooperatives had built their own distribution systems - the lines and wires that transport electricity to their members - they had not built power plants and were prohibited by state law from doing so.

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Peer Companies

• Korea Electric Power Corp.
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