Your Rights as an NEC Member
Click HERE to view or print your rights as a Member in English & Spanish as of April 2014. As a valued Member, we want you to know and understand your rights as well as some of the policies of Nueces Electric Cooperative. Please use the attached document to serve as your guide to understanding:
• Meter Testing
Nueces Electric Cooperative, Inc. (NEC) is proud to be your local electric cooperative. Whether NEC provides your electric delivery services, or your competitive retail power supply services through NEC Retail, or both, we exist only to serve the needs of our members like you. It is our belief that working together towards a common vision is the cooperative difference. Let us tell you more about your cooperative.
Release of Cooperative Information
Written Requests for Co-op Information May Be Sent to:
Nueces Electric Cooperative, Inc.
Member Education & Involvement
Director Election Process
Section 8. Compensation; Expenses.
(a) Directors shall not receive a salary for their services as such. However, subject to subsection (b) below and as determined by policy adopted by the Board, directors may receive a fee, which may include insurance benefits, for each day during which they attend meetings or otherwise perform duties on behalf of the Cooperative. Fees for otherwise performing their duties need not be the same as for attending meetings of the Board.
(b) For attending meetings and otherwise performing duties pursuant to authorization thereof by the Board, directors shall be advanced or reimbursed their related expenses actually and reasonably incurred and expended by them, in accordance with the same policy established by the board for advancement or reimbursement of expenses for Cooperative employees, except that the policy may be different as it relates to uses of personal automobile.
Each year NEC files IRS Form 990 (Return of Organization Exempt from Income Tax). NEC is a 501(c) (12) organization under the IRS code. Form 990 has financial information for the cooperative in addition to a list of directors and the executive manager along with their annual compensation. This document is public information. The IRS regulations, which became effective on June 8, 1999, state that every organization required to file Form 990 annually is obligated to immediately provide copies of its three most recent 990s to anyone requesting them in person, or send out copies within 30 days to any written request. You may request copies from NEC, download them via the link at left or Form 990s are also available from the IRS upon request at the district office where the forms would have been filed.
Transparency and Your Cooperative NEC
2018 Financial Audit
2019 Financial Audit