HATTIESBURG, Miss., Nov. 9, 2016 /PRNewswire/ -- South Mississippi Electric today announced that, effective immediately, the company has changed its name to Cooperative Energy. Company leaders say the new name better reflects the Hattiesburg-based cooperative's mission and broader business model in the energy sector.
The name and new logo were revealed to more than 400 employees in attendance at the company's All Employee meeting held at Hattiesburg's Lake Terrace Convention Center. Cooperative Energy is a not-for-profit, member-owned, community-driven generation and transmission cooperative that provides electricity to 11 distribution cooperatives. "Changing a company name is always a major step, but we are confident this was the right thing for our company, our mission and those we serve," said Cooperative Energy President/CEO Jim Compton. "We have grown our energy resources, we have grown our geographic service area and honestly we outgrew our name. Cooperative Energy is a name that better defines who we are as a company." The company now operates in 55 of the state's 82 counties, and also owns a generation facility in Batesville in north central Mississippi. The company, started in 1941, has expanded its renewable energy and solar generation focus in recent years adding to an already diverse energy portfolio.