Energy Companies See Revenue Jump

by Luke Jones  on Monday, May. 21, 2012 12:00 am  

Revenue gains and losses aren't really the focus of utility co-ops, however. Profits are returned to members in the forms of capital credits - essentially, dividends that can be cash or credit for utility bills.

"We're essentially revenue-neutral," White said. "For the most part, co-ops just try to break even every year."

Most of the companies remained in the same slots as 2011, with the notable exception of Mid-South Sales Inc. of Jonesboro, a petroleum supplier that saw its revenue jump 22 percent from $75.8 million last year to $92.4 million in 2012.

The company provides petroleum in Arkansas, Alabama, Tennessee, Mississippi and Missouri.

 

 

Please read our comments policy before commenting.