The IEC builds, maintains, and operates power generation stations, sub-stations, as well as transmission and distribution networks in Israel.

Historian Sahar Huneidi, building on the scholarship of Barbara J. Smith, underscores the 1921 concession's significance by noting that “[t]he economic separatism of the Yishuv...was given a tremendous push by the monopoly rights granted in 1921 to Pinhas Rutenberg.

"[3] Huneidi characterized the Rutenberg concession as "the largest and most politically controversial Zionist scheme" during the tenure of High Commission Herbert Samuel (1921–1924).

The Mavromatis concessions, in effect despite earlier British attempts to abolish it, covered Jerusalem and other localities (e.g., Bethlehem) within a radius of 20 km (12 miles) around the Church of the Holy Sepulchre.

[5][page needed] The case was taken up by Greece in at the Permanent Court of International Justice, but the ruling there in favor of Mavromatis was effectively undermined by the British Colonial Office.

[4][7] Pursuant to the Concessions, the company was granted the exclusive right to generate, supply and distribute electricity and to sell it throughout the Mandate for Palestine, except in Jerusalem and its environs.

Israeli former Olympic sailor Shimshon Brokman has worked for Israel Electric Corporation since 1988, from 2006 as Head of the Fuel Management Department.

PEC was granted by the Palestinian Authority an exclusive right to generate electricity in the Gaza Strip and sell it to PA owned or managed institutions for 20 years, which may be extended for a maximum of two consecutive five-year terms.

[19] Two days later it again cut off power, stating it was a warning to the PA to begin paying down the debt, which at that time was NIS 1.9 billion.

It is said that PA's decision to stop the payments is an effort to undermine rival Palestinian group Hamas, which governs the Gaza Strip on a de facto basis.

[18] Community programs include ongoing and one-off collaborations with local authorities in community-wide programs, with the Ministry of Education: "Green Electricity" - with "Pais" Clusters, "Technological Leadership - Green Smart Home" - in collaboration with "Taasiada", "Green Leadership" - online ORT, the techno in Olga Hill; Cooperation with IDF units for behavioral change in the field of electricity use through the headquarters of the Chief Education Officer of the Tov program (technician and matriculation) in cooperation with the Manufacturers Association, which provides its participants with a technician certificate in addition to the matriculation certificate; And the "Spreading Wing - Adoption of Eagles and Predators in Israel" project in collaboration with the Society for the Protection of Nature to confirm the population of birds of prey.

About 350 of the company's employees and retirees take part in the program on a voluntary basis, and this year the parents of the students in about 25 localities also joined it.