About Us
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Headquarters Building in Watford City, ND |
Outpost Building in Killdeer, ND |
McKenzie Electric Cooperative, Inc. (MEC) is a rural electric cooperative headquartered in Watford City, North Dakota. Our service area includes all or part of five counties in North Dakota (McKenzie, Dunn, Billings, Golden Valley and Mercer Counties) and two in Montana (Richland and Wibaux Counties).
McKenzie Electric began doing business in 1945 and currently serves 2,300 member-owners by providing electrical service to more than 5,000 meters. The electric plant consists of 20 substations and 3,120 miles of distribution and transmission line. Nearly 85% of the electrical sales serve commercial and industrial customers.
The Cooperative is governed by a nine member Board of Directors who are elected by the membership they serve. Their mission has been to make reliable electric energy available at the "lowest possible cost". The Cooperative currently employees 29 full-time employees in Watford City and 2 full-time employees at the outpost in Killdeer.
McKenzie Electric joined with Oliver-Mercer Electric in Hazen, ND, and West Plains Electric in Dickinson, ND to form 3C Construction, LLP, an electrical construction company.
2005 Facts and Figures
| Number of Members | 2330 |
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Number of Meters |
5225 |
|
Miles of Line: | |
|
Transmission |
179.34 |
|
URD |
665.86 |
|
Overhead |
2321.94 |
|
Meters/Mile of Line |
1.7 |
|
Average KWH Rate |
5.66 cents |
|
Annual Load Factor |
83.94% |
|
Total Outages |
271 |
|
Outage Time-Hour Per Meter Per Year |
11.67 |
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Cost of Line Construction: | |
|
Single Phase URD |
$41,976 |
|
Three Phase URD |
$48,048 |
|
Single Phase Overhead |
$25,872 |
|
Three Phase Overhead |
$41,184 |
|
Assets |
$42,535,584 |
|
Equity |
$36,604,984 |
|
RUS Net Loans Outstanding |
$11,486,219 |
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Average Interest Debt Rate |
3.75% |
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Capital Credits Returned |
$1,201,500 |
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Total Capital Credits Returned |
$13,974,602 |
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Capital Credits Assignable |
$4,287,888 |
|
DSC |
4.99% |
|
TIER |
10.58% |
| Equity |
86.06% |
Taxes Paid in 2005
|
County |
Milesof Line |
TaxesPaid |
|
McKenzie |
2227.38 |
$239,391.81 |
|
Dunn |
688.27 |
$79,373.07 |
|
Billings |
69.70 |
$7,529.73 |
|
Golden Valley |
89.54 |
$8,685.66 |
|
Mercer |
0.36 |
$38.82 |
|
Wibaux, MT |
51.27 |
$609.73 |
|
Richland, MT |
49.62 |
$512.52 |