Hilco Electric Co
HILCO Electric Cooperative is a member-owned, not-for-profit electric cooperative that has been providing low-cost and reliable power to its members since 1937. With efficient management and a commitment to prompt and professional service, HILCO serves Hill, Johnson, McLennan, Ellis, and Dallas Counties with over 2,800 miles of distribution lines.
Recently, the Board of Directors adopted a Financing Order to utilize securitization financing, allowing HILCO to recover extraordinary costs and expenses incurred during Winter Storm Uri. This financing will spread the costs over an extended period, ensuring that monthly bills remain lower for members. The securitized charges will be included in member monthly bills starting in January 2023.
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