No New Taxes - NEC Coop
Jun 9, 2015 — News
NEC Retail members may have noticed a “new” tax that is not so new after all. The Co-op is simply better accounting for a few taxes that all electricity providers must charge.
But these line-itemed taxes have not raised or impacted your bill.
In a nut shell, NEC Retail members have always been paying these cost. Previously the funds came from the overall Co-op margins. Now, we have them as proper line items on bills.
- Public Utility Commission Assessment, or PUCA, is a fee the State of Texas requires to be paid by all electric users regardless if they are non-profit or not. The funds go to operate the Public Utility Commission of Texas.
- Miscellaneous Gross Receipt Tax, or MGRT, is a tax the State of Texas requires to be paid to them and is then returned to various cities to help in operating costs.
Both of these taxes are mandatory and NEC Retail has no choice in charging them. The Co-op does not keep them. We must then must pass them on to the proper government entity.
Thank you for understanding and being valued members of the Co-op. We do our best to be 100% transparent and honest with the member-owners at all times. Because that is the cooperative difference.
For more definitions of terms of your electric bill, please visit: www.puc.texas.gov/consumer/electricity/bill_e.aspx
Voted #1 Electric Provider
We were recently voted the #1 Electricity Provider by the Corpus Christi Caller-Times’ Best of the Best Awards for the 7th year running!
Benefits of Membership
As a member of our co-op, you’ll enjoy the following benefits:
- You’ll get a share of our profits.
- You won’t be locked into a long-term contract.
- You’ll get a simple, competitive rate with no surprise fees or markups.
- You can get a $50 bill credit for every new member you refer.