Pedernales Electric Cooperative
Pedernales Electric Cooperative (PEC) is the largest distribution electric cooperative in the United States, based in Johnson City, Texas. Founded in 1938 by then-Congressman Lyndon B. Johnson, PEC is a 501(c)(12) benevolent organization serving approximately 1 million Central Texans across an 8,100-square-mile service area. The organization operates as a member-owned cooperative providing safe, reliable, and low-cost electric power to residential and commercial customers throughout Central Texas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$147K
+17.9% YoY
Annual Giving
$97K
-5.4% YoY
Grant Count
24
-72.1% YoY
Avg Grant Size
$4K
+239.1% YoY
Mission & Focus Areas
PEC's mission is to provide safe, reliable, low-cost power to the members it serves. The organization operates on a member-ownership model where members are also owners, emphasizing convenient service delivery through multiple office locations and digital platforms.
Grantmaking
PEC administers community grants to Central Texas nonprofits. Recent grant activity includes:
Review Cycle
- The organization accepts applications for community grants on a periodic basis
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Geographic Focus
Where this funder awards grants
Central Texas, with service territory spanning 8,100 square miles across the region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Pedernales Electric Cooperative Inc (Main Organization)
- 2024 Revenue: $928 million
- 2024 Expenses: $926 million
- 2024 Total Assets: $2.35 billion
- 2024 Total Liabilities: $1.43 billion
- Employees: 424 (as of recent data)
Pedernales Electric Cooperative Scholarship Fund
- 2023 Total Revenues: $168,810
- 2023 Total Expenses: $103,852
- 2023 Total Assets: $124,755
- 2023 Grants and Contributions: $168,810
- 2022 Total Revenues: $155,745 (8.4% increase from 2022 to 2023)
- Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $147,127 | $124,755 | $59,797 |
| Revenue | $120,724 | $168,810 | $155,745 |
| Expenses | $98,352 | $103,852 | $101,700 |
| Qualifying Distributions | $97,852 | $103,352 | $101,020 |
| Net Investment Income | — | — | — |
| Distributable Amount | $7,183 | $6,861 | $2,111 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
188 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CELESTE MIKESKA | PRESIDENT | 1 | — |
| CAROLINE DECAMP | VICE PRESIDENT | 1 | — |
| SHARON HOUGHTON | TREASURER | 1 | — |
| RENEE SEMIEN | SECRETARY | 1 | — |
| MIKAYLA HERRON | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
PEC has demonstrated active community engagement through its grantmaking programs, with recent announcements of community grant awards to Central Texas nonprofits. The organization continues to expand its service area and membership base year over year.
PEC Shows Love to Central Texas Nonprofits with Nearly $40K in Grants - PECRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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