CoServ

What CoServ does

CoServ, legally Denton County Electric Cooperative, Inc., is a member-owned electric and natural gas distribution cooperative founded in 1937 and headquartered in Corinth, Texas. The cooperative distributes electricity to more than 343,000 meters and natural gas to more than 173,000 meters across eight North Texas counties (Denton, Collin, Cooke, Grayson, Tarrant, Wise, and Kaufman), totaling nearly 500,000 combined meters. Service is delivered through more than 13,796 miles of owned electric infrastructure and a parallel gas distribution network; CoServ Gas is the fifth-largest gas utility in Texas and operates as a wholly owned affiliate of CoServ Electric (relationship formalized December 2008).

The company operates a subscription-based regulated utility model under tariffed rate structures, charging monthly fees with no hidden fees or expiring contracts, and reinvests operating margins back into operations and Member communities through its Capital Credits program rather than paying outside shareholders. Its technology stack centers on Advanced Metering Infrastructure (AMI) with two-way communication, drone-aided power line inspections, the SmartHub customer portal and mobile app, and budget billing programs (Fixed and Average 12-month plans). Energy procurement has been conducted independently since February 2023, when the contractual obligation to Brazos Electric ended as part of Brazos' bankruptcy settlement; current supply includes the 2 MW CoServ Solar Station (opened 2015 in Krugerville) and up to 52 MW contracted from the 100 MW Lapetus Solar Project in West Texas.

In March 2026 CoServ launched a 100 MW residential battery storage program with Base Power under its PeakTime Perks demand-response umbrella—the largest such agreement for Base Power to date—marking an explicit expansion into distributed energy resources. CoServ employs approximately 576 people across five service centers (Corinth headquarters, Krum, Prosper, Forney, and McKinney), reported a 31.1-minute SAIDI score in 2025 (99.99% power availability), and operates the CoServ Charitable Foundation, which has awarded over $20 million in grants to North Texas nonprofits since 2004, including $1M+ annually and 143 grants in 2025.

Name

CoServ

Legal name

Denton County Electric Cooperative, Inc.

Website

https://coserv.com

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

251–500 employees

Short description

CoServ is a member-owned electric and natural gas cooperative serving nearly 500,000 combined meters across eight North Texas counties, operating as a regulated dual-utility (CoServ Electric and CoServ Gas) with Capital Credits equity returns and growing distributed energy programs.

Ownership category

akta.pro rank

Product category

Utility Services (Electric and Natural Gas Distribution)

NAICS

Electric Power Distribution (221122), Natural Gas Distribution (22121), Natural Gas Distribution (2212)

SIC

Electric Services (4911), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industries

Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ), Outage, Incident & Emergency Response Coordination (Control Room) (EUAJAFAH)

Keywords

• Electric distribution
• Natural gas distribution
• Utility cooperative
• Energy services
• Renewable energy programs

Headquarters

HQ city

Denton

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Distribution Services: CoServ Electric generates revenue through electricity distribution to over 343,000 electric meters across Denton, Collin, Cooke, Grayson, Tarrant, and Wise counties. As a not-for-profit cooperative, revenues are reinvested into operations, infrastructure, and communities, with margins returned to Members as Capital Credits.
2. Natural Gas Distribution Services: CoServ Gas generates revenue through natural gas distribution to over 173,000 gas meters in Denton, Collin, Kaufman, and Tarrant counties. Established in 1998, CoServ Gas is the fifth-largest gas utility in Texas.
3. Capital Credits (Member Distributions): As a cooperative, CoServ allocates annual margins back to Members as Capital Credits, which are retired (paid) at the Board of Directors' discretion. The 2026 Capital Credit Retirement includes allocations from 2008-2025, with $16 million total announced at the 2026 Annual Meeting.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

CoServ is a member-owned electric and natural gas distribution cooperative that delivers electricity and natural gas to approximately 500,000 combined meters across eight counties in North Texas. Through its two operating arms, CoServ Electric and CoServ Gas, the company owns and operates more than 13,796 miles of electric infrastructure, and provides member services including billing, account management, demand response programs, solar and battery storage options, and community grants.

Product overview

CoServ is a dual-utility company comprising CoServ Electric (an electric cooperative) and CoServ Gas (a natural gas distribution utility) serving North Texas. The core offering is electricity and natural gas distribution to over 500,000 combined meters across eight counties. Customer-facing digital services center on SmartHub, a web portal and mobile app for account management, bill payment, and outage reporting. Supplementary offerings include demand response programs (PeakTime Perks), renewable energy options (CoServ Solar Station, residential solar), backup power solutions (Standby Generation, EV Programs), billing programs (Budget Billing, Auto Pay, Paperless Billing), the CoServ Perks rewards program, financial assistance, and Capital Credits member equity returns.

Differentiator

Problem solved

Functional benefit

Brands

• PeakTime Perks: Demand response programs for thermostats, EVs, and batteries that reward Members for saving energy during peak demand periods.
• SmartHub
• CoServ Perks

Products and services

• CoServ Electric Electricity distribution service delivering power to over 343,000 electric meters across Denton, Collin, Cooke, Grayson, Tarrant, and Wise counties in North Texas. Members of the cooperative are both customers and owners.
• CoServ Gas Natural gas distribution service serving more than 173,000 gas meters across Denton, Collin, Kaufman, and Tarrant counties; the fifth-largest gas utility in Texas.
• SmartHub
• PeakTime Perks Demand response and energy conservation program that rewards Members for reducing electricity usage during peak demand periods, with specific incentives for smart thermostats, electric vehicle charging, and residential battery storage.
• Residential Solar Program Solar energy program providing Members with a solar rate option, access to a network of certified solar installers, and education on residential solar installations.
• Standby Generation Backup generator program for residential customers to maintain power during electrical outages, offered as part of CoServ's distributed energy portfolio.
• Electric Vehicle (EV) Programs Program offering incentives for electric vehicle owners to charge during off-peak hours, integrated with CoServ's PeakTime Perks demand response initiatives.
• CoServ Perks / Connections Card Member benefits program offering discounts at local North Texas businesses through the Connections Card, with participating businesses eligible to be listed in the program.
• Financial Assistance Program Utility bill assistance program administered through the CoServ Charitable Foundation, providing grants to qualifying Members experiencing financial hardship for basic human needs.
• Residential Battery Storage Program (with Base Power) Residential battery storage network program providing homeowners in CoServ's service territory with affordable battery backup power through the PeakTime Perks initiative, enabled by a 100 MW partnership with Base Power.

Quantifiable outcome

• 99.99% power availability (31.1 minute SAIDI score in 2025)
• +7 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Base PowercoreStrategic or Co-development Partner · 6 March 2026CoServ and Base Power launched a 100 MW residential storage program across CoServ's North Texas service territory. This is Base Power's largest agreement to date and creates one of the largest residentially-sited battery networks. The program enables homeowners to access affordable battery backup power through CoServ's PeakTime Perks initiative. The contract structure ties CoServ's payments to actual capacity delivered, aligning incentives between the utility and the startup. This serves as a test case for decentralized batteries competing with traditional fossil-fuel power plants.
• Lapetus Solar ProjectminorStrategic or Co-development Partner · 1 January 2020CoServ participates in the 800-acre, 100MW Lapetus Solar project opened in West Texas in January 2020. CoServ purchases up to 52MW to add to its power mix and provide more renewable energy for Members.
• Brazos Electric Power CooperativecoreStrategic or Co-development PartnerBrazos Electric was CoServ's wholesale energy provider. CoServ's contractual obligation to purchase power from Brazos ended on Feb. 28, 2023, as part of Brazos' bankruptcy settlement. CoServ then gained 100% control of power purchases from a mix of suppliers including power plants and renewable energy sources across the state. Brazos is a co-op owned by CoServ Electric and 15 other electric cooperatives.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Austin Energy: Publicly owned electric utility serving Austin, TX with ~500,000 customers. Comparable community-owned utility model, strong renewable portfolio, and AMI/smart grid investments, though no gas distribution component.
• CPS Energy: Community-owned municipal utility in San Antonio serving ~900,000 electric and ~380,000 gas meters. Comparable dual-utility regulated model, similar community-orientation, and similar emphasis on reliability and renewable integration.
• Atmos Energy: The largest natural gas distributor in Texas (and the US), serving over 3 million gas meters. Direct peer for CoServ Gas, with overlapping Texas service territory and the same regulated local distribution company (LDC) business model.
• CenterPoint Energy: Investor-owned utility providing electric transmission/distribution and natural gas distribution across Texas (including the Houston metro and Gulf Coast). Dual-utility model directly comparable to CoServ's electric + gas structure, though at much larger scale.
• Oncor Electric Delivery: Texas's largest transmission and electric distribution utility (~13 million meters, much of North Texas including parts of CoServ's perimeter). Comparable electric distribution infrastructure and AMI deployment, though structured as an IOU rather than a cooperative.
• Bluebonnet Electric Cooperative: Member-owned electric cooperative serving a large swath of Central and South-Central Texas. Comparable cooperative governance, AMI deployment, and Capital Credits structure to CoServ, though smaller in meter count.
• Texas-New Mexico Power (TNMP): Investor-owned electric distribution utility serving ~270,000 meters across Texas and southern New Mexico. Comparable T&D-only utility profile, with overlapping Texas regulatory environment and exposure to the same ERCOT market dynamics.
• Pedernales Electric Cooperative: The largest electric distribution cooperative in Texas (serving ~400,000 meters across Central Texas). Same member-owned electric co-op business model as CoServ Electric, with similar Capital Credits, AMI rollout, and rate-regulated structure.
• United Cooperative Services: Member-owned electric cooperative serving parts of North Texas (Tarrant, Johnson, Ellis, and surrounding counties) directly adjacent to CoServ's territory. Same cooperative model, overlapping service area, and similar customer/marketing programs.

Broad incumbents

• Xcel Energy - Southwestern Public Service (SPS): Investor-owned utility operating across Texas, New Mexico, Oklahoma, and Kansas, with significant North Texas and Panhandle presence. Broader incumbent peer for electric generation, transmission, and distribution; relevant for renewable off-take and ERCOT/grid comparisons.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/CoServ1
• Facebookfacebook.com/coservenergy
• LinkedInlinkedin.com/company/coserv
• Instagraminstagram.com/coserv
• Xx.com/CoServ

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about CoServ