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- An electric utility legally established to be owned by and operated for the benefit of those using its service. The utility company will generate, transmit, and/or distribute supplies of electric energy to a specified area not being serviced by another utility. Such ventures are generally exempt from Federal income tax laws. Most electric cooperatives have been initially financed by the Rural Electrification Administration, U.S. Department of Agriculture.
Bureau of Reclamation - Cite This Source - This Definition
- BUDS, direct access, Edison Electric Institute (EEI), Electric power industry, Investor owned utility (IOU), Market-based rates, Municipal utility (municipally-owned electric system), Municipalization, Non-utility generators (NUG\'s), Public Utility Holding Company Act (PUHCA), Rural electric cooperative (cooperatively-owned electric utility), Unbundling (functional unbundling), Utility, Wholesale customers, Wholesale wheeling