Franklin Rural Electric Cooperative is an electrical distribution cooperative serving members since 1936, Franklin REC is a member-owned, not-for-profit electric cooperative that provides reliable, competitively priced electric energy to businesses, industries, farms and homes in 6 counties in Iowa, Franklin, the southern third of Cerro Gordo, and portions of Butler, Floyd, Hardin and Wright counties. Franklin REC maintains about 2,000 points of service at homes, businesses and organizations spread across approximately 800 miles of power lines. A dedicated board of directors elected by members makes strategic decisions about rates, service reliability, investments and other important issues such as allocating and retiring capital credits (patronage).