HILCO Electric Cooperative
HILCO Electric is a member owned, not for profit, electric cooperative that provides its members with low-cost, dependable power. Combined with efficient management , we offer electric service with promptness and professionalism. Originating in 1937 with a handful of members in the area, HILCO serves Hill, Johnson, McLennan, Ellis, and Dallas Counties with over 2,800+ miles of overhead and underground distribution lines.
Next Board Meeting is December 22, 2022
HILCO Electric Cooperative’s Board of Directors adopted a Financing Order pursuant to Senate Bill 1580, codified at Texas Utilities Code §§ 41.151 – 41.163, at its August 25, 2022 meeting. The Financing Order authorizes HILCO Electric Cooperative to utilize securitization financing to recover extraordinary costs and expenses incurred due to Winter Storm Uri. The financing is expected to close by the end of 2022. The financing will allow HILCO Electric Cooperative to spread these extraordinary costs and expenses over an extended period of time and will allow HILCO Electric Cooperative to keep your monthly bills lower than they would be absent securitization. The securitized charges will be irrevocable, will be adjusted from month-to-month to pay the bonds, and will be included in member monthly bills starting in or about January 2023.