Petit Jean Electric Cooperative

About Petit Jean Electric Cooperative

Petit Jean Electric Cooperative supplies electricity for 9 cities in Arkansas such as the cities of Clinton, Fairfield Bay, Marshall, Quitman, and Guy. The entity is an electricity cooperative. A total of 20,381 customers (90.18% residential customers, 9.77% commercial accounts and 0.04% industrial properties) purchase their electricity from the provider. On average, Petit Jean Electric Cooperative's customers spend 11.28 cents per kilowatt hour for their residential electricity, resulting in the provider ranking 24th out of 41 companies in the state and 1137th out of 2922 in the US. There were a total of 288,799 megawatt hours sold to retail customers in 2020 by the provider. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 310,033 megawatt hours purchased by the company. In 2020, the supplier made a total of $31,637,300 from business activities relating to the sale and transfer of electricity. They had revenue of $31,543,700 from retail sales to end users.

Consumers of the provider have an average monthly residential electric bill of $106.69. This is 10.98% less than the state average bill of $119.65. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other providers and then resell it at a higher rate to end consumers.