Albemarle Electric Membership Corporation

Name

Albemarle Electric Membership Corporation

Legal name

Albemarle Electric Membership Corporation

Website

https://aemc.coop

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122)

SIC

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

akta.pro primary industry

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

Keywords

• Electric distribution services
• Member-owned cooperative
• Rural electrification
• Outdoor lighting rental
• Energy efficiency programs

Headquarters

HQ city

Hertford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Member electric service: Recurring monthly billings to residential and commercial members consisting of a Basic Charge (recovers fixed infrastructure costs), usage-based energy charges, and a Wholesale Power Cost Adjustment (WPCA) that passes through wholesale power cost fluctuations. Bills are due 20 days after bill date; standard billing is monthly. As a not-for-profit cooperative, margins are returned to members through capital credits rather than retained as profit.
2. Outdoor lighting rental: Monthly recurring fee on member bills for outdoor security and decorative lighting products (LED Yard Light, LED Street Light, 70-Watt Hartsfield AcornLED, 64-Watt American Revolution LED, LED Flood Light). Fee covers the fixture, energy, labor, and bulbs; co-op handles maintenance via service call.
3. Connect/transfer and special service fees: One-time $50 connect or transfer fee on new service. Pole relocation, three-phase upgrades, and overhead-to-underground conversions are performed at member's expense (nonbetterment cost paid in advance); co-op absorbs any facility upgrades.
4. Transaction fees on electronic payments: Effective January 1, 2026: 2.45% on credit/debit card payments and $1 flat fee per account on electronic check payments. Pass-through cost; AEMC generates no profit on these fees. Members can avoid fees via automatic bank draft, cash/check in person, or mail.
5. Security deposits (held): Refundable security deposits based on Experian credit check: residential $0–$450, commercial up to $1,000 or two months' estimated bill (whichever is greater). FlexPay (prepay) members qualify for a lower deposit. Deposits may be added later if payment history declines.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Albemarle Electric Membership Corporation distributes electricity to residential and commercial members across its chartered five-county service territory in northeastern North Carolina via more than 1,306 miles of three-phase distribution line. It sells electric service on standard monthly, prepaid (FlexPay), and levelized billing terms; rents outdoor LED lighting; operates member-facing EV charging stations; facilitates member-owned renewable interconnections and NC GreenPower contributions; and provides free energy audits, safety education, and an online member portal/billing platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential electric service Monthly billed electric service for residential consumer-members in the chartered five-county service territory, with a Basic Charge covering fixed infrastructure costs, usage-based energy charges, and a Wholesale Power Cost Adjustment. Typical expected outlet voltage is approximately 123 volts AC.
• Commercial electric service Electric service for commercial accounts within the chartered service territory, ranging from small businesses to larger three-phase loads, billed monthly with a Basic Charge, usage-based energy charges, and a Wholesale Power Cost Adjustment. Security deposit up to $1,000 or two months' estimated bill (whichever is greater). Pole relocation and overhead-to-underground conversions are performed at member expense.
• Outdoor LED lighting rental Monthly subscription rental of outdoor security and decorative lighting fixtures (LED Yard Light, LED Street Light, 70-Watt Hartsfield AcornLED, 64-Watt American Revolution LED, LED Flood Light). Fee covers fixture, energy, labor, and bulbs; co-op handles maintenance via service call.
• FlexPay prepaid electric service Prepay option allowing members to pay for electricity before use, with a lower security deposit than standard service, 24/7 payment by phone, online, or in the office, and no monthly paper bill. Members can pay as often as they like and in any amount.
• Levelized Billing Opt-in billing option that levels monthly bills based on the average of the prior 12 months of kWh usage. Requires 12 months of billed usage history and a zero account balance; failure to pay by the due date removes the member from the program.
• Dual-port EV charging stations Single-pedestal EV charging stations that charge two vehicles simultaneously with color LCD screens showing multilingual instructional video and 24/7 driver phone support. Stations deployed at Hampton Inn in Edenton and McDonald's in the Tanglewood Shopping Center in Elizabeth City; purchase and most installation costs funded by grants.
• Member-owned generation interconnection Standardized interconnection service for member-owned generation (e.g., rooftop solar) to the AEMC distribution grid, with documented procedures for application, pre-application report, codes & standards certification, generator equipment certification, system impact study, facilities study, and site control verification.
• NC GreenPower renewable participation Opt-in program that lets members round up electric bills to fund NC GreenPower renewable energy (for every $4 donated, 125 kWh of renewable energy is added to the North Carolina grid) and the Solar+ Schools K-12 grant program. 100% of member contributions are forwarded by AEMC to NC GreenPower.
• Free member energy audit Free in-person energy audit service for members to identify heating and cooling savings, supplemented by the online Together We Save energy evaluation tool provided through Touchstone Energy.
• Electricity safety demonstrations Free public safety-education devices: Hazard Hamlet demonstration for K-5 audiences (up to 30 children) and a high-voltage demonstration trailer for grades 6-12 and adult audiences (first responders, civic groups) demonstrating arcing hazards up to 35,000-volt lines.

Quantifiable outcome

• 12,500+ members served across 1,306+ miles of distribution line in five North Carolina counties.
• +7 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature10 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• NC GreenPowercoreStrategic or Co-development PartnerAlbemarle EMC participates in NC GreenPower, an independent nonprofit approved by the North Carolina Utilities Commission to provide renewable energy options and grants for K-12 solar installations. Members can opt to round up contributions on their bill; for every $4 donated, 125 kWh of renewable energy is supplied to the NC grid and a contribution supports the Solar+ Schools grant program. AEMC forwards 100% of member contributions to NC GreenPower and keeps none; donations are tax deductible. NC GreenPower is a subsidiary of Advanced Energy, located in Raleigh, NC.
• Meridian CooperativecoreTechnology or IntegrationPowers the AEMC customer portal and billing platform at billing.aemc.coop. Provides account management, ebill, online payments, Quick Pay, levelized billing, Round Up enrollment, and outage reporting integration. Footer of the portal credits Meridian Cooperative as the technology vendor.
• Touchstone Energy CooperativescoreGTM or Marketing PartnerNationwide alliance of more than 640 local, consumer-owned electric cooperatives in 46 states. AEMC displays the Touchstone Energy brand logo on its homepage and links to Touchstone Energy careers. Touchstone Energy also provides the Together We Save online energy evaluation tool referenced in AEMC's energy efficiency content.
• N.C. Electric Membership Corporation (NCEMC)minorOthersStatewide organization that conducts the unannounced Rural Electricity Safety Achievement Program (R.E.S.A.P.) inspection of AEMC every three years, grading building, equipment, employee knowledge, and other safety practices. Also the publisher/sponsor of the Cooperative All-Stars Sports Camp Scholarship program.
• NC 811minorOthersAEMC is a member of NC 811, the statewide notification center required by North Carolina law before excavation. Callers dial 811 or 1-800-632-4949 two business days before digging and utilities (including AEMC) locate and mark underground facilities.
• NC State University (Wolfpack Women's Basketball)minorGTM or Marketing PartnerPartner in the Cooperative All-Stars Sports Camp Scholarship program; AEMC provides one scholarship each year for a young woman to attend the Wolfpack Women's Basketball Camp at NC State (June 14-17, 2026). Now in the program's 23rd year with more than 50 scholarships awarded statewide annually.
• University of North Carolina at Chapel Hill (Carolina Basketball School)minorGTM or Marketing PartnerPartner in the Cooperative All-Stars Sports Camp Scholarship program; AEMC provides one scholarship each year for a young man to attend the Carolina Basketball School at UNC Chapel Hill (June 27-30, 2026).
• Natur-ChemminorImplementation/ SI/ Consulting PartnerVegetation management contractor that sprays portions of the electric system right-of-way using Arsenal herbicide on roughly a four-year cycle to promote wildlife habitat more efficiently than conventional cutting.
• Eastern Utility ServicesminorImplementation/ SI/ Consulting PartnerContractor (Ven Burwell) testing meters for Albemarle EMC across Pasquotank, Perquimans and Camden counties; identified by AEMC ID card and a white van with the AEMC logo.
• Co-op Connections (connections.coop)minorGTM or Marketing PartnerDiscount card program surfaced in the AEMC homepage carousel linking to connections.coop landing page 323; part of the Touchstone Energy value-added member benefits network.
• White Oak Elementary SchoolminorOthersLinemen Wyatt Gallina and Chris White participated in Vehicle Day at White Oak Elementary School (April 2026), as part of AEMC's ongoing K-12 community outreach.

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Duke Energy: Investor-owned utility that is the dominant electric provider across North Carolina. Broad incumbent operating adjacent and overlapping territories to AEMC; serves similar residential/commercial end-uses but at vastly larger scale and as a regulated IOU rather than a member-owned cooperative.
• Dominion Energy North Carolina: Investor-owned utility operating in northeastern North Carolina. Broad incumbent serving customers in counties adjacent to AEMC's chartered territory with similar electric distribution but as a regulated IOU rather than a member-owned EMC.

Direct peers

• Edgecombe-Martin County Electric Membership Corporation: NC electric cooperative serving Edgecombe and Martin counties. Directly comparable as a small-to-mid-size rural NC EMC with similar three-phase distribution, member-owned governance, and community programs.
• Four County Electric Membership Corporation: North Carolina electric cooperative serving four counties in southeastern NC. Comparable rural EMC with similar three-phase distribution, member services portal, and community outreach programs.
• Tri-County Electric Membership Corporation: NC electric cooperative serving members in three counties. Direct peer operating under the same NC EMC charter framework with Touchstone Energy affiliation and similar rural distribution profile.
• Roanoke Electric Cooperative: North Carolina electric cooperative headquartered in Rich Square serving members in Bertie, Halifax, Hertford, Gates, Northampton, and Washington counties. Adjacent territory to AEMC with the same member-owned EMC structure, Touchstone Energy branding, and community reinvestment focus.
• Tideland Electric Membership Corporation: Member-owned electric cooperative serving members across eastern North Carolina counties. Closest direct peer: similar rural NC EMC franchise model, member count, and 1,000+ mile distribution footprint, with comparable residential/commercial billing programs and community grant programs.
• Pitt & Greene Electric Membership Corporation: Member-owned electric cooperative serving Pitt, Greene, and surrounding counties in eastern North Carolina. Comparable scale and operating model to AEMC as a Touchstone Energy-branded rural NC EMC.
• Jones-Onslow Electric Membership Corporation: Eastern North Carolina EMC serving Jones, Onslow, and adjacent counties. Comparable NC electric cooperative with similar mix of residential/commercial members, prepaid billing options, and community grant programs.

Others

• N.C. Electric Membership Corporation (NCEMC): Statewide trade association for North Carolina's electric cooperatives; conducts R.E.S.A.P. safety inspections of AEMC and coordinates joint programs (e.g., Sports Camp Scholarships). Not a competitor but an enabling industry body directly engaged with AEMC's operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/albemarle-electric-membership

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Albemarle Electric Membership Corporation