Southeastern Electric Cooperative, Inc.
Southeastern Electric Cooperative, Inc. is a member-owned, not-for-profit rural electric distribution cooperative founded in 1939-1940 that delivers electricity to residential, commercial, and agricultural members across southeastern South Dakota, operating from Lennox, SD.
- Company typePrivate
- Founded1940
- HeadquartersMarion, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Southeastern Electric Cooperative, Inc. does
Southeastern Electric Cooperative, Inc. (SEC) is a member-owned, not-for-profit rural electric distribution cooperative serving residential, commercial, and agricultural members across southeastern South Dakota. Founded in 1939-1940 and headquartered at 47077 276th Street in Lennox, SD, with additional operations in Marion and Alcester, SEC acquired and distributes wholesale electricity from Basin Electric Power Cooperative and East River Electric Power Cooperative to its member-owners under an exclusive USDA rural electrification franchise territory.
The cooperative's core product is electric distribution service, delivered through its owned distribution infrastructure. Member-facing technology consists of the Smart Hub online portal (account management, billing, and service requests), a real-time outage map, and load control programs for demand management. Beyond core distribution, SEC offers levelized billing and prepay billing programs, plus a portfolio of rebates and incentives targeting commercial lighting, heat pumps (air-source, geothermal, mini-split), solar generation with renewable energy credits, electric vehicles, and water heaters. Community-facing programs include the Youth Tour to Washington D.C., Youth Excursion, scholarships, and the Who Powers You regional recognition contest.
SEC's business model is the classic electric cooperative framework: members receive electric service as owners, governance is democratic through annual meetings and an elected board of directors, and any revenues exceeding expenses are returned to members as capital credits. Billing is monthly, rates are not publicly disclosed, and growth is funded through long-term USDA loans (notably $59.1M in August 2023 and $45.3M in December 2024) alongside capital credit retentions. Marketing and member engagement are community-focused via Facebook, Instagram, LinkedIn, the cooperative newsletter "Your Co-op Power," and media partnerships with Dakota News Now and Keloland Living, with operational scale measured at 51-100 employees.
Southeastern Electric Cooperative, Inc. firmographics
Firmographics- Name
- Southeastern Electric Cooperative, Inc.
- Legal name
- Southeastern Electric Cooperative, Inc.
- Website
- https://southeasternelectric.com
- Company type
- Private
- Founded year
- 1940
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Southeastern Electric Cooperative, Inc. is a member-owned, not-for-profit rural electric distribution cooperative founded in 1939-1940 that delivers electricity to residential, commercial, and agricultural members across southeastern South Dakota, operating from Lennox, SD.
- Ownership category
- akta.pro rank
Southeastern Electric Cooperative, Inc. industry classification
Industry- Product category
- Electric Utility Distribution
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industry
- Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)
Keywords
Where Southeastern Electric Cooperative, Inc. is headquartered
LocationHeadquarters
- HQ city
- Marion
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Southeastern Electric Cooperative, Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Electric Utility Service: Sale of electricity to residential, commercial, and agricultural member-owners. Operates as a not-for-profit cooperative where revenues exceed expenses are returned to members as capital credits.
- Member Services and Programs: Various member programs including prepay billing, levelized billing, and energy efficiency rebates
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Electric Service |
| Subscription | Monthly | Commercial Electric Service |
| Subscription | Monthly | Levelized Billing |
| Usage-based | Pay-as-you-go | Prepay Program |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Southeastern Electric Cooperative, Inc. product offering
Product offeringCore offering
Southeastern Electric Cooperative, Inc. is a member-owned electric distribution cooperative that delivers electricity to residential, commercial, and agricultural member-owners across southeastern South Dakota through cooperative-owned distribution infrastructure. The cooperative supplements core power delivery with member-facing digital tools (Smart Hub portal, outage map), billing flexibility (levelized billing, prepay), and energy efficiency rebate programs, while returning surplus revenues to members as capital credits.
Product overview
Southeastern Electric Cooperative, Inc. is a member-owned electric utility providing electricity distribution services to residential, commercial, and agricultural customers. The cooperative offers a unified service platform centered on reliable power delivery, supplemented by member-facing digital tools including the Smart Hub online portal. Additional offerings include load management programs, flexible billing options (Levelized Billing and Prepay Program), energy efficiency rebates for commercial lighting and heat pumps, solar energy programs, electric vehicle incentives, and community programs such as scholarship awards, youth leadership tours, and the Who Powers You community recognition contest.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Distribution Service Core electricity distribution service delivered to member-owners across southeastern South Dakota, providing reliable power to residential, commercial, and agricultural customers through cooperative-owned distribution infrastructure. Members become owners of the cooperative upon receiving service.
Companies that use Southeastern Electric Cooperative, Inc.
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Southeastern Electric Cooperative, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Southeastern Electric Cooperative, Inc. partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Basin Electric Power CooperativecorePrimary wholesale power supplier to Southeastern Electric Cooperative. Provides the bulk of electricity that SEC distributes to its members.
- East River Electric Power CooperativecorePrimary wholesale power supplier to Southeastern Electric Cooperative. Part of the power supply arrangement for member service.
- Touchstone Energy CooperativescoreRegional partnership of Touchstone Energy Cooperatives including SEC. Jointly hosts community programs like Who Powers You contest, Youth Tour to Washington D.C., Scholar of the Week program, and other cooperative initiatives.
- Dakota News Now TelevisionminorMedia partnership for the Touchstone Energy Scholar of the Week program featuring high school students in the region.
- Keloland LivingminorTelevision partnership featuring Who Powers You contest nominees and winners, and SEC community initiatives.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Southeastern Electric Cooperative, Inc. competitors and assessment
Company assessmentDirect peers
- East River Electric Power Cooperative: Generation-and-transmission cooperative and direct wholesale power supplier to SEC; member co-ops in eastern South Dakota serve overlapping rural distribution territories with the same cooperative model and Touchstone Energy affiliation.
- Basin Electric Power Cooperative: Wholesale power supplier to SEC and a large generation-and-transmission cooperative serving rural distribution co-ops across the Northern Plains under the same cooperative/regional power framework.
- Northern Electric Cooperative: South Dakota-based rural electric distribution cooperative serving member-owners under the USDA cooperative framework; directly comparable in scale, geography, and member-owned model.
- Central Electric Cooperative (SD): South Dakota distribution cooperative serving rural members in adjacent territory with the same member-owned, not-for-profit electric service model and USDA-backed infrastructure financing.
- Oahe Electric Cooperative: South Dakota-based rural electric distribution cooperative operating under the same USDA rural electrification framework with a comparable agricultural / residential member profile.
- Codington-Clarke Electric Cooperative: Northeastern South Dakota distribution cooperative; directly comparable member-owned rural utility with similar scale, agricultural load, and Touchstone Energy branding.
- Whetstone Valley Electric Cooperative: South Dakota distribution cooperative that delivers electricity to rural members in a comparable geography under the same federal cooperative framework.
- Heartland Energy: Generation-and-transmission cooperative serving distribution co-ops in the Northern Plains; comparable in scale and supply-chain role as a peer G&T to SEC's distribution operation.
Others
- Touchstone Energy Cooperatives: National alliance/brand cooperative of which SEC is a member; provides marketing, branding, Youth Tour, and Scholar of the Week programs that SEC leverages, serving as an enabling network for member co-ops of similar profile.
Regional players
- Sioux Valley Energy: Minnesota-based cooperative serving a nearby territory with the same rural member-owned distribution model; useful regional benchmark for SEC's operating practices though operating across a state border.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Southeastern Electric Cooperative, Inc. social profiles
Digital presenceSoutheastern Electric Cooperative, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southeastern Electric Cooperative, Inc. leadership team
Management profileNumber of profiles
Profiles4 records
Southeastern Electric Cooperative, Inc. funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southeastern Electric Cooperative, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Southeastern Electric Cooperative, Inc.
What does Southeastern Electric Cooperative, Inc. do?
Southeastern Electric Cooperative, Inc. is a member-owned electric distribution cooperative that delivers electricity to residential, commercial, and agricultural member-owners across southeastern South Dakota through cooperative-owned distribution infrastructure. The cooperative supplements core power delivery with member-facing digital tools (Smart Hub portal, outage map), billing flexibility (levelized billing, prepay), and energy efficiency rebate programs, while returning surplus revenues to members as capital credits.
Is Southeastern Electric Cooperative, Inc. a public or private company?
Southeastern Electric Cooperative, Inc. is a private company. It is classified as unknown and is currently operating.
When was Southeastern Electric Cooperative, Inc. founded?
Southeastern Electric Cooperative, Inc. was founded in 1940. It employs 51 to 100 people.
Where is Southeastern Electric Cooperative, Inc. based?
Southeastern Electric Cooperative, Inc. is headquartered in Marion, United States, in the North America region.
How does Southeastern Electric Cooperative, Inc. make money?
Two revenue lines are on record. Electric Utility Service is the primary driver. The others are member Services and Programs.
Who are Southeastern Electric Cooperative, Inc.'s main competitors?
Direct peers on record are East River Electric Power Cooperative, Basin Electric Power Cooperative, Northern Electric Cooperative, Central Electric Cooperative (SD), Oahe Electric Cooperative, Codington-Clarke Electric Cooperative, Whetstone Valley Electric Cooperative and Heartland Energy. Touchstone Energy Cooperatives is listed as an others. Sioux Valley Energy is listed as a regional player.
Does Southeastern Electric Cooperative, Inc. have an API?
No public API is recorded for Southeastern Electric Cooperative, Inc..
What industry is Southeastern Electric Cooperative, Inc. in?
Southeastern Electric Cooperative, Inc.'s product category is Electric Utility Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUADABAI, Electric Distribution System Owners (Wires-Only Companies). Its NAICS code is 22112 and its SIC code is 4911.