Farmers’ Electric Cooperative
- Company typePrivate
- Founded1938
- HeadquartersClovis, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Farmers’ Electric Cooperative firmographics
Firmographics- Name
- Farmers’ Electric Cooperative
- Legal name
- Farmers' Electric Cooperative, Inc. of New Mexico
- Website
- https://fecnm.org
- Company type
- Private
- Founded year
- 1938
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Farmers’ Electric Cooperative industry classification
Industry- Product category
- Rural Electric Utility Distribution
- NAICS
- Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industries
- Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE)
Keywords
Where Farmers’ Electric Cooperative is headquartered
LocationHeadquarters
- HQ city
- Clovis
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Farmers’ Electric Cooperative business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Others
Revenue model
- Electric Utility Service: Sale of electricity to residential, commercial, industrial, and agricultural consumers across Eastern New Mexico. Revenue generated through regulated rate schedules including residential, commercial, industrial, irrigation, and lighting services. As a cooperative, excess revenue may be returned to members as capital credits.
- EV Charger Service: Dedicated rate schedules for commercial and residential electric vehicle charging infrastructure
- Capital Credits: Patronage capital refunds returned to cooperative members based on their electricity purchases
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Service - Standard household electricity rates |
| Subscription | Monthly | Commercial Service - Business electricity rates |
| Subscription | Monthly | Industrial Power Service - Large industrial facility rates |
| Subscription | Monthly | Large Power Service - High-demand commercial accounts |
| Subscription | Monthly | EV Charger Service - Electric vehicle charging rates |
| Subscription | Monthly | Standby Service Rider |
| Subscription | Monthly | Irrigation Service - Agricultural irrigation pump rates |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Farmers’ Electric Cooperative product offering
Product offeringCore offering
Farmers' Electric Cooperative distributes electricity to residential, commercial, industrial, agricultural, and irrigation consumers across seven Eastern New Mexico counties through 4,295 miles of regulated power line infrastructure. The cooperative also provides EV charging rate schedules, net metering and interconnection services for distributed solar/energy storage systems, and a digital customer platform (SmartHub) for billing, account management, and outage reporting.
Product overview
Farmers' Electric Cooperative is a regional electric utility serving Eastern New Mexico that operates as a single-product utility company with digital customer service tools. The core offering is electricity distribution across seven counties, supported by the SmartHub digital platform for account management, bill payment, and usage monitoring. Additional services include an Outage Center for real-time outage reporting and mapping, various rate structures including EV charger service rates, solar/PV interconnection services for distributed energy resources, and community programs including scholarships through the Farmers' Electric Education Foundation and a Youth Tour program. The cooperative also publishes educational content through the monthly Power Source Newsletter, the Morning Buzz podcast, and Enchantment Magazine.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 6,875 consumers served across 7 counties
- +1 more outcomes
Companies that use Farmers’ Electric Cooperative
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Farmers’ Electric Cooperative technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Farmers’ Electric Cooperative partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Allegiant Utility ServicesminorFEC is partnering with Allegiant Utility Services to conduct electric meter change-outs throughout the service territory. This partnership involves modernizing the metering infrastructure to improve service reliability and enable advanced metering capabilities for members.
- Bank of LoganminorBank of Logan (a division of Bank of Clovis) serves as a bill payment station for FEC members in the Logan area. The bank accepts cash and check payments during business hours, providing convenient in-person payment options for members.
- NRECA (National Rural Electric Cooperative Association)coreFEC participates in Youth Tour program through NRECA, sending local high school juniors to Washington D.C. annually to learn about government and the electric cooperative industry.
- Enchantment MagazineminorFEC appears in Enchantment Magazine, a publication of New Mexico's electric cooperatives that reaches nearly 100,000 members and subscribers, highlighting rural community stories and cooperative issues.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Farmers’ Electric Cooperative competitors and assessment
Company assessmentOthers
- National Rural Electric Cooperative Association (NRECA): National trade association serving U.S. electric cooperatives. FEC participates through NRECA's Youth Tour program. Relevant ecosystem reference for capital programs, advocacy, and peer benchmarks across the rural cooperative sector.
- USDA Rural Utilities Service: Federal agency that provides low-cost financing and grants to rural electric cooperatives including FEC's USDA DLT grant participation. Critical counterparty for capital structure and grid modernization funding.
Direct peers
- Otero County Electric Cooperative: Southern New Mexico rural electric cooperative providing electric distribution to residential, agricultural, and commercial members. Comparable member-owned distribution model and rate-class structure to FEC.
- Kit Carson Electric Cooperative: Northern New Mexico rural electric cooperative of similar scale that has been an industry leader in distributed generation and broadband-over-cooperative-fiber. Highly comparable business model and a useful reference for FEC's potential DG/EV expansion trajectory.
- Central Valley Electric Cooperative: Another New Mexico rural electric cooperative serving a contiguous Eastern New Mexico territory with similar member-owned distribution model, residential/commercial/irrigation rate classes, and SmartHub-style digital platform. Closest comparable peer by geography, scale, and customer mix.
- Continental Divide Electric Cooperative: Western New Mexico rural electric cooperative serving low-density rural territory with member-owned structure. Comparable scale and operating profile, and a relevant peer for AMI/digital platform benchmarking.
- Socorro Electric Cooperative: New Mexico rural electric cooperative serving a similar-sized membership with residential, commercial, and irrigation classes. Directly comparable as a NM distribution-only cooperative with overlapping regulatory environment (NMPRC) and similar infrastructure profile.
Broad incumbents
- Xcel Energy: Large multi-state IOU with regulated electric distribution across the Southwest and Plains. Provides a publicly traded benchmark for regulated distribution multiples, AMI programs, and EV/demand-side program design relevant to FEC's roadmap.
- El Paso Electric: Regional IOU operating in southern New Mexico and west Texas. Comparable regulatory environment and customer mix (residential, irrigation, commercial) to FEC, with overlapping southern New Mexico service territory.
- PNM Resources (Public Service Co. of New Mexico): Investor-owned utility serving the broader New Mexico market with generation, transmission, and distribution. Overlaps FEC's territory at the wholesale/regulatory level but operates under IOU economics — useful benchmark for rate-base multiples and renewable integration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Farmers’ Electric Cooperative social profiles
Digital presenceFarmers’ Electric Cooperative financial estimates
Financial estimateRevenue estimate
Valuation estimate
Farmers’ Electric Cooperative leadership team
Management profileNumber of profiles
Profiles1 record
Farmers’ Electric Cooperative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Farmers’ Electric Cooperative M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Farmers’ Electric Cooperative
What does Farmers’ Electric Cooperative do?
Farmers' Electric Cooperative distributes electricity to residential, commercial, industrial, agricultural, and irrigation consumers across seven Eastern New Mexico counties through 4,295 miles of regulated power line infrastructure. The cooperative also provides EV charging rate schedules, net metering and interconnection services for distributed solar/energy storage systems, and a digital customer platform (SmartHub) for billing, account management, and outage reporting.
Is Farmers’ Electric Cooperative a public or private company?
Farmers’ Electric Cooperative is a private company. It is classified as management employee owned and is currently operating.
When was Farmers’ Electric Cooperative founded?
Farmers’ Electric Cooperative was founded in 1938. It employs 1 to 10 people.
Where is Farmers’ Electric Cooperative based?
Farmers’ Electric Cooperative is headquartered in Clovis, United States, in the North America region.
How does Farmers’ Electric Cooperative make money?
Three revenue lines are on record. Electric Utility Service is the primary driver. The others are EV Charger Service and capital Credits.
Who are Farmers’ Electric Cooperative's main competitors?
Others on record are National Rural Electric Cooperative Association (NRECA) and USDA Rural Utilities Service. Direct peers are Otero County Electric Cooperative, Kit Carson Electric Cooperative, Central Valley Electric Cooperative, Continental Divide Electric Cooperative and Socorro Electric Cooperative. Broad incumbents are Xcel Energy, El Paso Electric and PNM Resources (Public Service Co. of New Mexico).
Does Farmers’ Electric Cooperative have an API?
No public API is recorded for Farmers’ Electric Cooperative.
What industry is Farmers’ Electric Cooperative in?
Farmers’ Electric Cooperative's product category is Rural Electric Utility Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUAMAJAD, Distributed Generation (DG) Solar & Small Wind. Its NAICS code is 221122 and its SIC code is 4911.