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Federated Energy Services Cooperative Inc. (FESCO)
Providing shared services to two rural electric cooperatives in Ohio: Lorain-Medina Rural Electric (LMRE) and North Central Electric (NCE). Since 1998, FESCO has supported these member-owned cooperatives with strategic planning, communications, key accounts and economic development, data analytics, I.T., human resources and more, helping them deliver safe, reliable, and affordable electric service to more than 25,000 meters across 13 Ohio counties.
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Proven Model
Shared Services
Experience
Dedication
Federated Energy Services Cooperative (FESCO) is a unique model that provides its member cooperatives with the benefits of scale of a larger organization while allowing them to maintain their own identities and autonomy.
The FESCO Model
Under this model, the Federation provides its members all management and operational services necessary for each member’s continued operations as electric distribution cooperatives.
Proven Model
Federation has been in place for 25+ years with demonstrated value to the two founding cooperatives
Maintain Identity
Member cooperatives keep their own identities in their communities and maintain autonomous Boards and governance
Cost Savings
Economies of scale lead to lower operating expense through shared services and allocated costs across members
Enhanced Services
Shared cost model allows for enhanced services and dedicated functions that individual cooperatives could not afford on their own
Attract/Retain Talent
Larger organization and competitive compensation allows the FESCO to attract highest caliber employees and target specific skill sets
Combined Experience
Cooperative Boards, management, and staff benefit from their shared experience with sharing of lessons learned and best practices
Member Cooperatives
Lorain-Medina Rural Electric Cooperative
Lorain-Medina Rural Electric Cooperative (LMRE) is an electric distribution cooperative serving the needs of about 16,000 consumers in Ashland, Huron, Lorain, Medina and Wayne counties in north east Ohio. We maintain about 1,500 miles of underground and overhead lines as well as 15 substations. Lorain-Medina Rural Electric has been serving the area since it was founded in 1935.
North Central Electric Cooperative
North Central Electric Cooperative (NCE) is an electric distribution cooperative serving the needs of about 9,600 members in Crawford, Hancock, Huron, Richland, Sandusky, Seneca, Wood and Wyandot counties in north central Ohio. We maintain about 1,800 miles of underground and overhead lines as well as 12 substations and one metering point. Incorporated in 1936, North Central Electric has been serving the area for over 80 years.