Mission and Bylaws
Cooperative Business Model
From the outside, many co-ops look like any other business, since a co-op provides products and services like conventional businesses do. But it's what goes on behind the scene that makes cooperatives different. They operate under seven guiding principles.
- You elect fellow members to the Board of Directors who make the policies that control the operation of the cooperative.
- We create and enforce strong internal control policies to safeguard cooperative assets.
- We maintain accurate accounting records and respond promptly to financial requirements.
- Any amount of the cooperative’s monthly bills that are in excess of the actual operating costs are credited to each member based on the member's consumption of energy during the year. (See Capital Credits)
CCEC is not-for-profit and is owned and controlled by you, the members; there are no outside investors.
Who We Are
Founded August 2, 1940, by 444 of the area’s fishermen and farmers, Carteret-Craven Electric Cooperative is headquartered near the coastal eastern North Carolina town of Newport and provides power to a variety of consumers, from families who have lived in the area for generations to retirees; from troops and their families at two nearby military bases to summer visitors who enjoy vacationing in the area.
CCEC serves 39,000-plus meters in Carteret, Craven, Jones and Onslow counties, with an average density of 16.3 meters per mile of line, including roughly 63 miles of transmission line, 1,205 miles of overhead line and 1,137 miles of underground line. The cooperative’s membership is made up primarily of residential and small businesses. The area is comprised of relatively small towns and cities – the city of Havelock, home to Marine Corps Air Station Cherry Point, has the largest population at roughly 21,130.
CCEC is one of 26 not-for-profit electric cooperative utilities in North Carolina and more than 900 nationwide. The cooperative is part of Touchstone Energy, a nationwide family of co-ops exhibiting the core values of integrity, accountability, innovation and commitment to community.
The cooperative way of doing business is not about making money, but about serving its members. We are guided by core values established when the cooperative movement began in the early days of electrification. We are owned and controlled by you, the members; there are no outside investors.
To view the Carteret-Craven Electric Cooperative bylaws, click Official Bylaws.
Carteret-Craven Electric Cooperative serves members in Carteret County from Cedar Point and Emerald Isle in the west to Cedar Island, excluding the towns of Newport, Morehead City, Beaufort and Atlantic Beach. The co-op also serves members in Craven County along Highway 101 north of Beaufort into Craven County, as well as in Havelock up to the intersection of Highway 70 and Fontana Boulevard. Service also is provided to members along Highway 58 in Cape Carteret, north to the Jones County town of Maysville, as well as a small number of members in Onslow County near Swansboro.