Socorro Electric Cooperative

What Socorro Electric Cooperative does

Socorro Electric Cooperative (SEC) is a member-owned, nonprofit electric utility cooperative founded in 1945 and headquartered in Socorro, New Mexico. The cooperative distributes electricity across central New Mexico through 3,335 miles of distribution line to approximately 13,185 residential, agricultural, and commercial meters. SEC operates as a Touchstone Energy affiliate under the seven cooperative principles, returning revenues above the cost of doing business to members as capital credits and serving its defined rural service territory under New Mexico Public Regulation Commission (NMPRC) oversight.

Its core offering is regulated electricity distribution, supplemented by a consumer product and services portfolio including whole-house and secondary surge arresters, digital meters, area lighting, tree trimming, renewable energy (solar) programs, energy efficiency rebates, Co-op Connections discounts, and the "Together We Save" conservation program. SEC is currently executing a grid modernization initiative in partnership with Nuvve and the City of Socorro, including a planned 5 MW / 20 MWh battery energy storage system (BESS), fleet electrification, and EV charging infrastructure, partially funded by a $610,000 state ECAM award secured in April 2026.

SEC's revenue model is subscription/usage-based billing for electricity distribution, with rates set to recover at-cost operations and return surplus to members. Go-to-market is direct-to-consumer through service connections, community engagement, member advisory committees, and the Touchstone Energy cooperative network. The cooperative's strategic direction emphasizes cost reliability, rural grid modernization, and electrification of transportation within its exclusive service territory.

Name

Socorro Electric Cooperative

Legal name

Socorro Electric Cooperative, Inc.

Website

https://socorroelectric.com

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

1–10 employees

Short description

Socorro Electric Cooperative is a member-owned, nonprofit electric utility cooperative founded in 1945, distributing electricity to approximately 13,185 residential, agricultural, and commercial meters across central New Mexico through 3,335 miles of distribution line.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

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

akta.pro secondary industries

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Community Microgrids (Neighborhood, Municipal, Cooperative) (EUAFAJAC)

Keywords

• Electric utility services
• Rural electricity distribution
• Member-owned cooperative
• Energy efficiency rebates
• Renewable energy programs

Headquarters

HQ city

Socorro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Utility Service: SEC generates revenue through electricity distribution to residential and commercial members. As a nonprofit cooperative, revenues above the cost of doing business are returned to members as capital credits.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Socorro Electric Cooperative is a member-owned nonprofit electric utility that distributes electricity to residential, agricultural, and commercial members across central New Mexico through 3,335 miles of distribution line serving 13,185 meters. In addition to core electricity distribution, it offers surge protection devices, energy efficiency rebates, renewable/solar energy programs, digital metering, area lighting, and tree trimming services, with surplus revenues returned to members as capital credits.

Product overview

Socorro Electric Cooperative is a member-owned nonprofit electric utility serving Socorro, New Mexico and surrounding areas for 81 years, with 3,335 miles of line and 13,185 meters. The cooperative operates as a single, unified service offering centered on reliable electricity distribution, complemented by consumer products (surge protectors), energy efficiency programs (rebates, Together We Save), renewable energy options (solar), and member benefits (Co-op Connections savings, capital credits). The cooperative is part of the Touchstone Energy brand, providing grid services to rural members through traditional utility infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Utility Distribution Service
• Whole House Surge Arrester (TES 240 MSA)

Quantifiable outcome

• 13,185 meters served across central New Mexico

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and moderate.

• City of SocorrocoreStrategic or Co-development Partner · 21 November 2025The City of Socorro partnered with SEC and Nuvve for transportation electrification and grid infrastructure modernization. The partnership focuses on fleet electrification, charging infrastructure, energy cost reduction, and grid modernization. The collaboration includes six priority areas addressing new technology, lower costs, and improved reliability for the community. This partnership led to a $610,000 state funding award for Phase 1 grid modernization including battery energy storage system design.
• Nuvve Holding Corp. / Nuvve New MexicocoreStrategic or Co-development Partner · 21 November 2025Nuvve joined SEC and the City of Socorro for a grid modernization initiative including the design and engineering of a utility-scale 5 MW / 20 MWh battery energy storage system. The partnership supports Phase 1 activities including feasibility analysis, system design, interconnection planning, and economic modeling for the planned deployment.
• Touchstone Energy CooperativesmoderateOthersSEC is a member of Touchstone Energy, a national brand of electric cooperatives. This affiliation provides access to collective resources, best practices, and cooperative networking opportunities while maintaining local community focus.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Otero County Electric Cooperative: Rural New Mexico electric cooperative serving a comparable mix of residential, agricultural, and small commercial members across a wide service territory.
• Kit Carson Electric Cooperative: Another member-owned rural electric distribution cooperative serving northern New Mexico with similar regulatory, customer mix, and operational profile to SEC.
• Mora-San Miguel Electric Cooperative: Small New Mexico electric cooperative serving rural villages and agricultural members; directly comparable cooperative model and customer base.
• Roosevelt County Electric Cooperative: Member-owned electric distribution cooperative in eastern New Mexico serving similar rural residential, farm, and small commercial loads.
• Central Valley Electric Cooperative: New Mexico rural electric distribution cooperative with comparable scale and member-owned cooperative structure, operating in a similarly low-density territory.
• Continental Divide Electric Cooperative: Member-owned distribution cooperative in western New Mexico with similar rural geography, member economics, and reliance on wholesale power supply.
• Lea County Electric Cooperative: Distribution electric cooperative serving a rural New Mexico county with industrial, agricultural, and residential members; comparable scale and regulatory environment.

Emerging players

• Nuvve Holding Corp. V2G and grid-services technology partner collaborating with SEC on the planned 5 MW / 20 MWh BESS; comparable in the sense of operating in the same BESS/grid-flexibility space SEC is entering.

Broad incumbents

• Public Service Company of New Mexico (PNM Resources): Larger investor-owned utility operating across New Mexico with overlapping service territory; provides scale benchmarks and competitive context for SEC.
• Touchstone Energy Cooperatives: National cooperative network brand that SEC is a member of, providing shared services, branding, and best practices that shape SEC's operational capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/socorroelectric
• Facebookfacebook.com/yoursocorroelectriccoop
• LinkedInlinkedin.com/company/socorro-electric-cooperative

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Socorro Electric Cooperative