Basin Electric named to top revenue-earning co-op list
October 19, 2011 -- Basin Electric Power Cooperative made the top 100 revenue-earning cooperative list released annually by NCB. NCB is known for providing financial support to cooperatives nationwide. It recently released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses. In 2010, the cooperatives on the list posted revenues totaling approximately $193.8 billion.
“The boom of cooperative organizations and the key role they play in both our national and global economy, is clearly evidenced in the growth and expansion highlighted in this year’s report,” said Charles E. Snyder, NCB’s president and CEO. “As a cooperative business ourselves, we are proud to support these efforts and participate in the United Nations General Assembly declaration of 2012 as the International Year of the Cooperative, to educate the public on the benefits of cooperatives. Our report is just one of the many ways we work to inform the public on the advantages of cooperatives in all fields of enterprise.”
The top 100 listing includes not just energy cooperative, but all cooperative categories. The top two energy and communications cooperatives are:
- National Cable Television Cooperative Inc., Lenexa, Kan., came in at number 19 on the list, with $2.1 billion in revenues.
- Basin Electric Power Cooperative, Bismarck, N.D. earned the 29th position with a reported $1.5 billion in revenue in 2010.