P K M Electric Cooperative

About P K M Electric Cooperative

P K M Electric Cooperative provides electricity for 9 cities in Minnesota such as the cities of East Grand Forks, Warren, Hallock, Karlstad, and Stephen. The entity is an electricity cooperative. At the time of the most recent government reports, the provider showed a total of 3,898 electricity customers. This total is made up of 3,630 residential customer accounts and 268 commercial properties. On average, P K M Electric Cooperative's patrons spend 13.61 cents per kilowatt hour for their residential electricity, which is 0.74% less than the average state price of 13.71 cents. Of the 119,278 megawatt hours the provider sold and dispossessed, 93.92% were via sales to end users. The electricity they sourced consisted of megawatt hours purchased by way of the wholesale market. They purchased 119,278 wholesale megawatt hours. The provider earned a total of $14,032,000 in 2019 through electricity sales to retail consumers.

Patrons of the provider have an average monthly residential electricity bill of $211.95. This is 92.21% higher than the Minnesota average bill of $100.4. Electricity production is not part of the P K M Electric Cooperative business plan, as they purchase power at wholesale rates to then be resold to their customers.