TEC Announces Alliance With Greenbelt Electric Cooperative

The Alliance Extends Products and Services to 5,000 Additional Meters

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Oct 18, 2017, 10:29 ET

AUSTIN, Texas, Oct. 18, 2017 /PRNewswire/ -- Texas Electric Cooperatives (TEC) is pleased to announce the establishment of an alliance with Greenbelt Electric Cooperative, a Texas Panhandle-based co-op. Greenbelt's board has approved entering into a sourcing alliance with TEC, and the company represents an additional 5,000 meters in all or part of nine counties.

"We are excited about working more closely with Greenbelt Electric Cooperative," says Johnny Andrews, chief operating officer of TEC Manufacturing & Distribution Services. "Their track record for quality service and delivering electric power to Panhandle users is well known. We are proud to support them in their mission to keep the lights on for their members."

This new alliance marks a milestone for TEC, making 21 alliance partners in total, and Greenbelt is the fourth cooperative to enter into a TEC alliance since the start of 2017. Expanding their network of alliances is a top priority for TEC leadership. As Andrews explains, "Growth is good for our members and it's good for us. With each new alliance, TEC's position in the market to negotiate pricing is strengthened."

The addition of Greenbelt Electric Cooperative strengthens TEC's supply aggregation model in a highly competitive market. While TEC already provides its members with many valuable services, the alliance supply model is one than can make an immediate difference in a co-op's bottom line by reducing operational and redundant costs. Through aggregation and scale, TEC sources high-quality products from leading manufacturers at competitive prices that individual cooperatives would not be able to negotiate alone. TEC passes those savings along to all member cooperatives at competitive prices.

About Texas Electric Cooperatives, Inc.: Serving our members since 1941, Texas Electric Cooperatives represents the interests of 75 electric cooperatives with more than 3 million members throughout the state. TEC serves its members by providing products and services that help sustain cooperative businesses in the 21st century and offers a full line of utility supplies and services through its Manufacturing & Distribution Services facility headquartered in Georgetown. For more information, visit: http://www.texas-ec.org/about.

About Greenbelt Electric Cooperative: Since 1938, Greenbelt Electric Cooperative has supported the quality of life for Texas Panhandle residents by meeting their electrical needs. Greenbelt serves 4,969 connected meters with over 2,445 miles of energized line. It operates in Armstrong, Collingsworth, Donley and Wheeler Counties as well as parts of Childress, Gray, Hemphill, Randall and Roberts Counties. For additional information, visit: http://www.greenbeltelectric.coop/content/about-us.