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What is HILCO Electric Cooperative, Inc?
You may think of HILCO Electric Cooperative, Inc. as "just another electric company." It's not.
HILCO is a co-operative; owned by members. That's you! It is a private, not-for-profit corporation. When HILCO makes a profit, those funds are used to retire debt, or provided back to the members as capital patronage. Many of you have received an annual check.
When HILCO spends money, that's money out of your co-op. It must be replaced by other revenue, such as raising rates or increasing debt. That's what's happened to us recently.
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