Central Florida Electric Cooperative

What Central Florida Electric Cooperative does

Central Florida Electric Cooperative (CFEC) is a not-for-profit, member-owned electric distribution cooperative that has served North Central Florida since 1939. The cooperative provides electricity to 36,553 active accounts across roughly 2,000 square miles spanning Levy, Dixie, and Gilchrist Counties, operating 4,400 miles of distribution line and 16 substations from offices in Chiefland, Cross City, and Inglis. Revenue is generated primarily through monthly electric service subscriptions with a Wholesale Power Cost Adjustment (WPCA) mechanism, supplemented by capital-credit returns to members rather than third-party profit distributions. The average member consuming 1,000 kWh pays approximately $129.86 per month, and CFEC has returned $860,000 in capital credits as recently as August 2024.

In 2022, CFEC launched Fiber by Central Florida, a wholly-owned subsidiary that deploys a 100% G-PON fiber-to-the-home network to address chronic rural broadband under-service in the same territory. The subsidiary offers four residential tiers (100 Mbps to 2 Gbps) priced $49.99–$99.99 per month and four business tiers ($49.99–$299.99 without SLA, up to $349.99 with SLA), all without data caps or throttling, plus VoIP phone service at $29.95–$39.95 per month in partnership with Conexon Connect. Add-on services include battery backup systems, outdoor Wi-Fi extenders, static IP addresses, and the combined ExperienceIQ/ProtectIQ security and parental-control package. The Power Partner App and MyFiberIQ App serve as the member-facing mobile interfaces for electric and fiber services respectively.

In February 2026, the Board of Trustees began formal due diligence for a sale of the fiber business, and on April 6, 2026, members overwhelmingly approved the divestiture of Fiber by Central Florida to Conexon, a rural fiber broadband operator active in 24 states and 80+ markets. The transaction, expected to close by late 2027, will allow CFEC to retire fiber-related debt and retain grant funding while returning to a pure-play electric distribution focus anchored by its wholesale power relationship with Seminole Electric Cooperative and pole-attachment arrangements with Duke Energy in overlapping service areas.

Name

Central Florida Electric Cooperative

Legal name

Central Florida Electric Cooperative, Inc.

Website

https://cfec.com

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

101–250 employees

Short description

Not-for-profit, member-owned electric distribution cooperative serving 36,553 accounts across 2,000 square miles in North Central Florida via 4,400 miles of line and 16 substations; also operates Fiber by Central Florida FTTH broadband, approved for divestiture to Conexon in April 2026.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

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

SIC

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

akta.pro primary industry

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

Keywords

• Electric distribution services
• Fiber broadband internet
• Rural utility cooperative
• Residential electric service
• VoIP phone service

Headquarters

HQ city

Chiefland

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Distribution Services: Providing electric service to 36,553 active member accounts across 2,000 square miles of service territory. Revenue from electricity distribution with Wholesale Power Cost Adjustment (WPCA) to account for fuel costs.
2. Broadband Internet Services: Fiber by Central Florida provides residential and business broadband internet. Over 6,000 customers served. Monthly subscription plans from $49.99 to $99.99 for residential; $49.99 to $299.99 for business. No data caps or throttling.
3. VoIP Phone Services: Voice over IP phone service offered as add-on to internet plans. Residential $29.95/month, Business $39.95/month. Partnered with Conexon Connect for VoIP technology.
4. Add-on Services: Safe & Secure Package ($8/month), Wi-Fi Extenders ($4.99/month), Static IP ($15/month), Seasonal Suspension ($10/month), Battery Backup solutions
5. Capital Credits Returns: Not-for-profit cooperative returning excess revenue to members. Returned $860,000 in capital credits in August 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Central Florida Electric Cooperative is a not-for-profit electric distribution cooperative providing electricity to 36,553 active member accounts across 2,000 square miles of rural North Central Florida via 4,400 miles of distribution line and 16 substations. Since 2022, its wholly-owned subsidiary Fiber by Central Florida has delivered fiber-to-the-home broadband internet, VoIP phone, and managed Wi-Fi services to over 6,000 residential and business subscribers.

Product overview

Central Florida Electric Cooperative (CFEC) operates as a dual-product utility cooperative offering both traditional electric power distribution and fiber broadband internet services. The core electric service provides power to approximately 36,553 active accounts across 4,400 miles of line in North Central Florida. The fiber broadband service, branded as Fiber by Central Florida (a wholly-owned subsidiary), offers a tiered FTTH internet portfolio with four residential tiers (Bronze 100Mbps to Platinum 2Gbps) and four business tiers (with optional SLA), all with no data caps. VoIP phone services are available as add-ons to both residential and business internet packages. The portfolio also includes security/parental control add-ons (ExperienceIQ/ProtectIQ), Wi-Fi extenders, battery backup systems, and managed Wi-Fi services. The Power Partner App and MyFiberIQ App serve as the mobile interfaces for electric and fiber services respectively. In April 2026, members approved the sale of Fiber by Central Florida to Conexon, with transition expected through late 2027.

Differentiator

Problem solved

Functional benefit

Brands

• Fiber by Central Florida: Wholly-owned subsidiary of Central Florida Electric Cooperative providing fiber broadband internet and VoIP phone services to rural North Central Florida communities. Offers residential and business internet packages ranging from 100 Mbps to 2 Gbps with no data caps or contracts.

Products and services

• Residential Electric Distribution Service Electric utility service for individual household members across Levy, Dixie, and Gilchrist Counties, including start service, billing, payment options, energy efficiency programs, outage management, and storm preparation support. Average member using 1,000 kWh pays approximately $129.86.
• Commercial Electric Distribution Service Electric utility service for commercial and business customers in the cooperative's 2,000-square-mile service territory, with tailored billing and account management for commercial accounts.
• Fiber by Central Florida Broadband Internet High-speed fiber optic broadband internet service via 100% fiber-to-the-home (G-PON) network for residential and business customers across rural North Central Florida, offering speeds up to 2 Gbps with no data caps, no throttling, and no contracts.
• Residential VoIP Phone Service Fiber-based voice over IP telephone service for residential fiber subscribers at $29.95 per month per number, including unlimited nationwide calling, Caller ID, voicemail, and voicemail to email.
• Business VoIP Phone Service Fiber-based voice over IP telephone service for business subscribers at $39.95 per month per number, including unlimited nationwide calling, Caller ID, voicemail, and voicemail to email.
• Surge Protection Service Surge protection service for residential and commercial members to protect customer equipment and appliances from electrical damage caused by voltage spikes.
• Outdoor Light Program Outdoor lighting service for residential and commercial areas providing security and visibility lighting installed and maintained by the cooperative.
• Energy Efficiency Programs Programs and resources helping residential and commercial members reduce energy consumption and lower utility costs through efficiency measures and rebates.
• Solar Power Program Solar power solutions and programs for members interested in renewable energy generation and interconnection with the cooperative's electric grid.

Quantifiable outcome

• 85 years of continuous operation as a cooperative
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ConexoncoreStrategic or Co-development Partner · 1 February 2026Rural fiber broadband provider partnering with CFEC to potentially acquire Fiber by Central Florida. Operates in 24 states and 80+ markets. Sale would allow CFEC to retire all fiber-related debt while maintaining service for members. Transition expected through late 2027.
• Seminole Electric CooperativecoreTechnology or IntegrationWholesale power provider for CFEC and other Florida distribution cooperatives. Uses natural gas for power generation. CFEC works closely with Seminole during high-demand periods and extreme weather events.
• Conexon ConnectcoreStrategic or Co-development PartnerPartnership for VoIP business phone services. Fiber by Central Florida uses Conexon Connect technology for voice services. Continued partnership under sale consideration.
• Tri-County Electric CooperativeminorStrategic or Co-development PartnerNeighboring electric cooperative that also partners with Conexon. Referenced as an example of successful Conexon partnership.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Others

• Conexon: Rural fiber broadband specialist partnering with CFEC on Fiber by Central Florida and the announced acquirer of CFEC's fiber assets. Closely comparable on rural broadband deployment model, technology stack, and G-PON FTTH architecture.
• Seminole Electric Cooperative: Generation & Transmission (G&T) cooperative serving as CFEC's wholesale power supplier. Comparable cooperative structure and ecosystem role, but operating at the wholesale generation tier rather than retail distribution.

Broad incumbents

• Florida Power & Light (FPL): Largest investor-owned electric utility in Florida and a NextEra Energy subsidiary. Overlapping electric distribution footprint with CFEC's territory; comparable distribution activities but at vastly larger IOU scale.
• Duke Energy Florida: Major investor-owned electric utility serving much of Florida, including areas adjacent to CFEC's service territory. Comparable electric distribution operations but at much larger investor-owned scale with broader generation portfolio.

Direct peers

• Withlacoochee River Electric Cooperative: Florida rural electric distribution cooperative with overlapping service territory near CFEC. Comparable not-for-profit cooperative model, distribution infrastructure, and member capital credit structure.
• Suwannee Valley Electric Cooperative: Florida electric distribution cooperative serving a similar rural North Central Florida footprint. Direct comparable on member-owned utility model, electric distribution core, and recent fiber broadband expansion initiatives.
• Clay Electric Cooperative: One of the largest electric distribution cooperatives in Florida, also member-owned and serving rural/suburban territory. Comparable cooperative governance, electric distribution core, and rate base scale.
• Tri-County Electric Cooperative: Florida-based rural electric distribution cooperative neighboring CFEC and also partnered with Conexon for fiber broadband. Highly comparable member-owned electric utility with similar scale, geographic profile, and broadband diversification strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CentralFloridaElectricCooperative
• LinkedInlinkedin.com/company/central-florida-electric

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Central Florida Electric Cooperative