Rayburn Electric

What Rayburn Electric does

Rayburn Electric Cooperative is a not-for-profit generation and transmission (G&T) electric cooperative headquartered in Rockwall, Texas, founded in 1979. It sells wholesale electricity to four member-owned distribution cooperatives—Fannin, Farmers, Grayson-Collin, and Trinity Valley—which collectively serve approximately 625,000 Texans across 16 North Texas counties within the ERCOT grid region. Rayburn owns 1,008 MW of generation capacity spanning natural gas (Rayburn Energy Station, 758 MW), battery storage (Turquoise at 196.21 MW and Lily at 51.74 MW), and solar assets, operates 265 miles of transmission lines, and manages over $1.1 billion in assets.

The cooperative's technology stack includes a hybrid cloud infrastructure supporting AI-powered load forecasting (via Amperon), an ArcGIS Enterprise GIS system for grid mapping and vegetation management, and a Distributed Energy Resources management program controlling 40 active generators representing 830 kW of potential peak reduction. Rayburn is constructing Rayburn Energy Station II, a 570 MW natural gas peaker plant in Sherman, Texas ($685M total cost, expected operation June 2028), and is negotiating its first data center customer, which could triple or quadruple the cooperative's overall size.

Rayburn operates on a cooperative subscription-based revenue model, selling wholesale power to its four member distribution cooperatives at cost-of-service pricing rather than market rates, with excess revenue returned to members through competitive pricing. Its business model is sales-led, with direct relationships to member cooperative leaders who also serve on the Board of Directors. The cooperative has secured $411M in Texas Energy Fund financing (first electric cooperative recipient), $29M in USDA New ERA grants, and approximately $190M in private debt via Jefferies to fund its expansion strategy.

Name

Rayburn Electric

Legal name

Rayburn Country Electric Cooperative, Inc.

Website

https://rayburnelectric.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Rayburn Electric Cooperative is a not-for-profit generation and transmission electric cooperative that sells wholesale electricity to four member-owned distribution cooperatives serving 625,000 Texans across 16 North Texas counties within the ERCOT grid.

Ownership category

akta.pro rank

Product category

Wholesale Electric Power Generation & Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industries

Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

Keywords

• Wholesale electricity supply
• Electric cooperative generation
• Transmission infrastructure services
• Battery energy storage
• Power generation services

Headquarters

HQ city

Rockwall

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Wholesale Electricity Sales to Member Cooperatives: Rayburn generates revenue by selling wholesale electricity to its four member-owned distribution cooperatives (Fannin, Farmers, Grayson-Collin, Trinity Valley). As a not-for-profit cooperative, any excess revenue is returned to members through competitive pricing, with the primary mission being to maximize value of members' investment while maintaining competitive wholesale power costs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Rayburn Electric Cooperative is a not-for-profit generation and transmission (G&T) electric cooperative that generates and transmits wholesale electricity to four member-owned distribution cooperatives serving approximately 625,000 Texans across 16 North Texas counties. Its core offerings include owned generation capacity (natural gas plants and battery storage totaling 1,008 MW), 265 miles of transmission infrastructure, distributed energy resource management, and grid reliability services via the ERCOT grid.

Product overview

Rayburn Electric Cooperative is a not-for-profit generation and transmission (G&T) electric cooperative that provides wholesale electricity to four member-owned distribution cooperatives. The company's product portfolio consists of owned generation assets (natural gas power plants and battery storage facilities), transmission infrastructure, and demand-side management programs. Key products include: Rayburn Energy Station (758 MW natural gas plant), Rayburn Energy Station II (570 MW peaker plant under construction), Turquoise Battery Storage (196.21 MW), Lily Storage (51.74 MW), and solar generation. The cooperative also offers a Distributed Energy Resources (DER) program and in-house engineering services through its acquired subsidiary R-Delta Engineers. Combined owned generation capacity totals 1,008 MW, serving over 625,000 Texans across 16 counties through four member distribution cooperatives.

Differentiator

Problem solved

Functional benefit

Brands

• Rayburn Energy Station: 758 MW natural gas-fueled power plant located in Grayson County, Texas, acquired from Panda Sherman Power Plant in 2023. Capable of supplying clean power for approximately 750,000 homes.
• Turquoise Battery Storage
• Lily Storage

Products and services

• Rayburn Energy Station A 758 MW natural gas-fueled power plant in Grayson County, Texas (acquired from Panda Sherman Power Plant in 2023), capable of supplying power for approximately 750,000 homes. Serves as a core dispatchable generation asset for Rayburn's member distribution cooperatives.
• Rayburn Energy Station II A 570 MW natural gas-fired peaker plant under construction in Sherman, Texas, designed to ramp to full capacity within 10 minutes during high-demand periods. Expected commercial operation June 2028; total project cost approximately $685 million.
• Turquoise Battery Storage A 196.21 MW battery storage facility in Hunt County, Texas, interconnecting to Rayburn's transmission system to store excess power and deliver it during high-demand periods on the ERCOT grid.
• Lily Storage A 51.74 MW battery storage system in Kaufman County, Texas, that stores energy generated by the Lily Solar Plant and delivers power to the grid during periods of high electricity demand.
• Solar Generation Solar power generation facilities integrated into the cooperative's energy portfolio to support renewable energy supply for member distribution cooperatives.
• Distributed Energy Resources (DER) Program A demand-side management program operated with member distribution cooperatives that coordinates residential batteries, smart thermostats, and customer generators (40 active generators representing 830 kW in potential peak reduction) to reduce wholesale demand and control ERCOT 4CP exposure.
• Wholesale Electricity Supply to Member Cooperatives The core service offering: selling wholesale electricity from owned generation and transmission assets to four member-owned distribution cooperatives (Fannin, Farmers, Grayson-Collin, Trinity Valley) under multi-year cooperative contracts within ERCOT.
• R-Delta Engineers Engineering Services Multidisciplinary engineering and surveying services (structural, civil, surveying) provided through acquired subsidiary R-Delta Engineers, Inc., serving Rayburn's infrastructure needs and external utility and municipal clients.

Quantifiable outcome

• Powering approximately 750,000 homes with current generation capacity
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• R-Delta EngineerscoreImplementation/ SI/ Consulting Partner · 23 September 2025Acquired Garland-based R-Delta Engineers, a multidisciplinary engineering and surveying firm with 50+ years of experience. The acquisition brings structural, civil, and surveying expertise in-house, strengthening Rayburn's engineering foundation. R-Delta continues operations in Garland serving Rayburn and other utility clients.
• TEC (Texas Electric Cooperatives)coreStrategic or Co-development PartnerTEC announced alliance with Rayburn, marking significant milestone as Rayburn became the first Generation & Transmission Cooperative to join TEC. Alliance strengthens affordable, reliable energy solutions and infrastructure support.
• NRECA (National Rural Electric Cooperative Association)coreStrategic or Co-development PartnerNRECA selected Rayburn as one of five electric co-ops to test DERMS grid reliability solution through a $4 million project with DOE. Rayburn participates in CIDER Initiative for distributed energy resource management.
• NRC (Nuclear Regulatory Commission)minorOthersNRC proposed Part 57 licensing framework for microreactors that could enable faster deployment. Rayburn and industry leaders evaluating how to balance data center opportunities against resource pressures and grid reliability concerns.
• EPRIminorStrategic or Co-development PartnerRayburn participates in EPRI's Flex MOSAIC initiative to reduce 'Time to Power' for data centers, defining flexibility performance characteristics for utilities and data centers.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Lower Colorado River Authority (LCRA): LCRA is a Texas river authority that owns generation and transmission assets and supplies wholesale power to distribution utilities across central Texas, directly comparable to Rayburn's G&T cooperative role.
• Pedernales Electric Cooperative: PEC is the largest distribution electric cooperative in the U.S., operating in Central Texas. While primarily a distribution co-op, it engages in generation supply arrangements comparable to Rayburn's member relationship model.
• Associated Electric Cooperative: Associated is a G&T cooperative serving member distribution co-ops across multiple states with owned generation and transmission assets, directly comparable to Rayburn's cooperative business model.
• Oglethorpe Power Corporation: Oglethorpe is a G&T cooperative serving member EMCs in Georgia, with owned generation, transmission, and battery storage assets that directly parallel Rayburn's business model and member-owned structure.
• Seminole Electric Cooperative: Seminole is a G&T cooperative in Florida serving member distribution co-ops, structurally similar to Rayburn with comparable wholesale power supply and member-owned governance model.
• Brazos Electric Power Cooperative: Brazos is a Texas-based generation and transmission cooperative serving multiple distribution member co-ops, structurally the closest direct peer to Rayburn in the same ERCOT market with similar G&T cooperative economics.
• Golden Spread Electric Cooperative: Golden Spread is a Texas-based G&T cooperative serving member distribution co-ops across the Texas Panhandle and beyond, offering directly comparable wholesale power, transmission, and generation services to its members.

Broad incumbents

• NRG Energy: NRG is a large U.S. electricity and natural gas retailer with substantial Texas/ERCOT operations and generation, representing broad competitive overlap with Rayburn's wholesale generation activities.
• Vistra Corp: Vistra is a major Texas-based independent power producer and retail electricity provider with significant ERCOT generation capacity, serving as the broad incumbent competitor in Rayburn's core market.
• NextEra Energy Resources: NextEra Energy Resources is the largest U.S. renewable energy generator with significant Texas presence and battery storage development, relevant as both a competitor and a comparable scale IPP.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rayburn Electric