Grayson-Collin Electric Cooperative

Name

Grayson-Collin Electric Cooperative

Legal name

Grayson-Collin Electric Cooperative, Inc.

Website

https://gcec.net

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

Keywords

• Rural electric utility
• Electric distribution service
• Member-owned cooperative
• Electricity distribution
• Power distribution infrastructure

Headquarters

HQ city

Van Alstyne

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales: Primary revenue from electricity distribution. Members pay energy charges based on kilowatt-hours (kWh) consumed, plus a base fee for service availability. The cooperative also uses a Power Cost Recovery Factor (PCRF) to account for differences between estimated and actual wholesale power costs. Rate structure includes residential and commercial tiers with different base fees.
2. Base Fee / Service Availability Charge: Monthly base fee covers fixed costs including billing, repairs, meter testing, maintenance of distribution system, and administrative overhead. The $25 base fee had historically been below the $35-38 cost-per-meter identified in cost-of-service studies since 2002.
3. Membership and Service Fees: One-time fees including $20 membership fee (refundable upon leaving), $35 transfer/reconnect service fee, and $10 credit check fee. Solar interconnection includes $40 application fee billed after net meter is set.
4. Solar Net Metering Billing: Solar customers receive a minimum bill of $40 plus applicable fees when over-generating. Excess solar production is banked as kilowatt-hours for future use. Members receive billing showing net usage, generation usage, and consumption usage.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Grayson-Collin Electric Cooperative is a member-owned, not-for-profit rural electric distribution cooperative that delivers regulated electricity service to approximately 64,423 residential and commercial members across Grayson and Collin counties in north Texas. Core offerings include electric distribution, monthly billing (standard and solar net metering), outage reporting and management, solar distributed generation interconnection, EV charging registration and off-peak guidance, builder/pool installation coordination, vegetation management, and a Capital Credits program that returns surplus margins to members.

Product overview

Grayson-Collin Electric Cooperative (GCEC) operates as a not-for-profit electric utility cooperative serving members in Grayson and Collin counties, Texas since 1937. The company provides core electricity distribution service alongside complementary digital tools including the MyGCEC mobile app and SmartHub online portal for account management. Additional offerings include Solar & Distributed Generation programs with net metering, EV charging support services, Capital Credits member benefit program, billing services (both standard and solar), builder and new construction services, real-time outage management with mapping, pool installation coordination, vegetation management, and energy efficiency programs. The cooperative also references Grayson-Collin Communications as a subsidiary providing fiber internet services.

Differentiator

Problem solved

Functional benefit

Brands

• MyGCEC: Mobile application for iOS and Android devices allowing members to report outages, view account information, and access cooperative services.

Products and services

• Electric Distribution Service Core regulated electricity distribution service delivering power to residential, commercial, and industrial member-owners across Grayson and Collin counties in Texas, operational since 1937.
• MyGCEC Mobile App Mobile application for iOS and Android (also on Google Play) that lets members report outages, view account information, access billing, and use automatic outage detection via meter notifications.
• SmartHub Online Account Management Online bill payment and account management portal for members to view bills, make payments, manage electricity accounts, and access cooperative services via web browser.
• Solar & Distributed Generation (Net Metering) Interconnection Solar and distributed generation interconnection program allowing members to connect rooftop solar or other distributed generation to the local grid using bi-directional meters, with kWh banking for excess generation and a $40 minimum monthly bill when over-generating.
• EV Charging Support and Registration Information and online registration services for member electric vehicle owners to register their vehicle type (Level 1, Level 2, DC Fast-Charge), with seasonal off-peak charging hour guidance to reduce grid strain (Winter: 10pm-5am and 11am-5pm; Summer: 12pm-10pm).
• Capital Credits Program Member benefit program where remaining revenues after expenses are allocated back to members based on their electricity usage, with periodic retirements issued by the Board of Directors.
• Builder Services Services for home builders and developers including will-serve letters, new construction service requests (single-family and subdivision), and commercial service requests for development projects.
• Outage Management and Reporting Real-time outage tracking and reporting system with outage maps, text reporting, and 24/7 response capability for power restoration across the GCEC service territory.
• Vegetation Management Tree trimming and line clearance services to maintain reliable electric service and prevent vegetation-related outages across the service territory.
• Pool Installation Service Coordination Specialized service coordination for pool installations including plan review and electrical service assessment, supporting builders and pool contractors.
• Energy Efficiency Programs Tips and guidance for members to reduce electric consumption including appliance upgrades, weatherization, and HVAC optimization.
• Billing Services (Standard and Solar) Standard and solar billing services including energy usage tracking, power cost recovery (PCRF), and net metering detail (net usage, generation usage, and consumption usage) for solar customers.

Quantifiable outcome

• Returned nearly $40,000,000 in Capital Credits to members in recent years, with $4,000,000 returned in 2023 alone.
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• United Electric CooperativecoreStrategic or Co-development Partner · 1 June 2023Mutual aid partner providing linemen assistance during major storm restoration efforts. Sent 7 linemen to assist with Father’s Day 2023 storm restoration that destroyed approximately 80 poles and left 38,000 members without power.
• CoServ ElectriccoreStrategic or Co-development Partner · 1 June 2023Mutual aid partner that provided 4 linemen during major storm restoration. CoServ is another electric distribution cooperative in the north Texas area.
• Techline (Line Crews)coreImplementation/ SI/ Consulting Partner · 1 June 2023Contract linemen crews (5 crews of 5-6 linemen each) that assist with ongoing construction and storm restoration. Regular contractor working on the GCEC system.
• Linetec (Line Crews)coreImplementation/ SI/ Consulting Partner · 1 June 2023Contract linemen crews (5 crews of 5-6 linemen each) that assist with ongoing construction and storm restoration.
• Vaquero Underground ServicescoreImplementation/ SI/ Consulting Partner · 1 June 2023Contractor crew assisting daily with underground service work and storm restoration efforts. Works regularly on the GCEC system.
• Apex Tree TrimmingcoreImplementation/ SI/ Consulting Partner · 1 June 2023Tree trimming contractor that provided 15 crews (3-6 person crews each) to clear vegetation from power lines during major storm restoration. Clayton Love is the noted contact.
• Grayson-Collin CommunicationscoreOthersWholly owned subsidiary of the cooperative providing fiber internet services. Located at 555 Henry Hynds Express, Van Alstyne, TX. Offers the fastest fiber internet speeds in the area. Operates as a standalone company with separate finances from the cooperative.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Connexus Energy: Large member-owned electric distribution cooperative in Minnesota serving similar residential/commercial mix with solar, EV, and broadband programs. Comparable on cooperative governance structure, capital credits, and integrated utility-plus-fiber model.
• Rayburn Electric Cooperative: Generation and Transmission (G&T) cooperative that supplies wholesale power to GCEC's substations. Directly comparable as a Texas cooperative in the same supply chain, providing visibility into the upstream power supply structure that underpins GCEC's distribution economics.
• Midwest Energy Cooperative: Electric distribution cooperative serving southwestern Michigan with member-owned model, capital credits, and solar interconnection services. Comparable mid-size rural electric co-op with growth driven by residential development and energy transition programs.
• Bluebonnet Electric Cooperative: Texas distribution cooperative serving members across a multi-county region. Directly comparable on cooperative governance, member-owned model, distribution wires business, and member growth driven by Texas population expansion.
• Trinity Valley Electric Cooperative: East Texas distribution cooperative serving Kaufman, Van Zandt, and Henderson counties. Comparable member-owned rural distribution electric co-op with residential and commercial growth, solar/EV programs, and storm response experience similar to GCEC.
• Pedernales Electric Cooperative: One of the largest electric distribution cooperatives in the U.S., serving central Texas. Comparable as a Texas-based member-owned electric distribution co-op with residential growth, capital credits program, and renewable/DG integration.
• CoServ Electric: Large north-Texas electric distribution cooperative serving the Denton/Collin County region. Direct peer on geography, customer profile (residential and commercial members), solar/EV programs, and member-owned non-profit structure; also a documented GCEC mutual-aid partner.
• United Electric Cooperative (Texas): Texas electric distribution cooperative with overlapping service territory in north Texas; sent 7 linemen to assist GCEC during the 2023 Father's Day storm restoration, indicating operational similarity and geographic adjacency.
• Heart of Texas Electric Cooperative: Central Texas distribution cooperative serving McLennan and surrounding counties. Comparable as a member-owned electric distribution co-op offering solar net metering, EV programs, builder services, and a member capital credits program in a growth-oriented Texas territory.

Broad incumbents

• Oncor Electric Delivery: Investor-owned regulated transmission and distribution utility operating across most of Texas, including parts of Grayson and Collin counties. Broader incumbent comparable on T&D infrastructure, regulatory framework, and storm response—but a for-profit wires company rather than a member-owned co-op.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Grayson-Collin Electric Cooperative