Southern Iowa Electric Cooperative

What Southern Iowa Electric Cooperative does

Southern Iowa Electric Cooperative, Inc. (SIEC) is a member-owned, not-for-profit electric distribution cooperative headquartered in Bloomfield, Iowa, founded in 1939 and organized under IRS 501(c)(12) tax-exempt status. The cooperative delivers electricity through approximately 1,396 miles of distribution line to 3,436 members across three to four rural Iowa counties (Appanoose, Davis, Van Buren, and Wapello). SIEC procures wholesale power through Associated Electric Cooperative and Northeast Missouri Power Cooperative — a portfolio that in 2025 included 22% renewable resources (16% wind, 6% hydro) — and resells it to residential, commercial, and agricultural members under a tiered monthly subscription pricing model that includes time-of-use demand charges, seasonal rates, and demand ratchets.

The cooperative's product ecosystem extends beyond commodity kWh delivery to include energy efficiency rebate programs (geothermal heat pumps at $750/ton, air-source heat pumps at $300-$600/ton, and heat pump water heaters at $1,050), a Green Power renewable energy block purchase program, distributed generation interconnection for member-owned solar and wind, budget billing, and an online E-Business portal at mysiecaccess.com. Supporting infrastructure is conventional utility technology — GIS for mapping and staking, an outage management system, digital meters with consumption telemetry, and analog field operations — rather than AI-driven systems. Membership benefits include capital credits patronage refunds ($400,000 approved for retirement by the Board in July 2025), academic and lineman-school scholarships, Iowa Youth Tour participation, and a Co-op Connections discount program operated under the Touchstone Energy national brand.

SIEC is governed by a nine-member elected Board of Directors (President Darrell Downing, VP Travis Harris, and directors including Alan Bodkins, Ryan Davis, Maggie Hougland, Doug Jarr, and James Schooley) and managed day-to-day by CEO/Manager Greg Proctor, COO/Systems Analyst Ross Hunter, Office Services & Accounting Manager Lindsay Smith, and HR Manager Kelly Moore, supported by a 24-person staff. The cooperative finances its activities through internally generated cash, member capital credits, and USDA Rural Development grants and loans, including a combined $1.94M in two August 2023 tranches. Revenue is not publicly disclosed.

Name

Southern Iowa Electric Cooperative

Legal name

Southern Iowa Electric Cooperative, Inc.

Website

https://sie.coop

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Southern Iowa Electric Cooperative is a member-owned, not-for-profit electric distribution cooperative headquartered in Bloomfield, Iowa, delivering electricity to 3,436 residential, commercial, and agricultural members across three to four rural Iowa counties through 1,396 miles of distribution line.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industry

Demand Response & Load Flexibility Services (EUAMAJAF)

Keywords

• Electric distribution services
• Cooperative utility services
• Rural electrification
• Member-owned utility
• Power distribution services

Headquarters

HQ city

Bloomfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales: Southern Iowa Electric Cooperative is a not-for-profit, member-owned electric distribution cooperative. Revenue is generated through electricity sales to members across residential, commercial, and agricultural rate classes. As a not-for-profit cooperative, excess revenue is allocated back to members as capital credits rather than distributed as profits to shareholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Southern Iowa Electric Cooperative is a member-owned, not-for-profit electric distribution cooperative that delivers electric power to residential, commercial, industrial, and agricultural members across rural southern Iowa. In addition to core distribution service, it provides a Green Power renewable energy program, distributed generation interconnection, energy-efficiency rebates (geothermal, heat-pump water heaters, HVAC), budget billing, and member financial programs such as capital credit allocations and a revolving energy-efficiency loan fund.

Product overview

Southern Iowa Electric Cooperative (SIEC) is a member-owned electric distribution cooperative providing safe, reliable, and affordable electricity to approximately 3,436 members across 3 counties (Appanoose, Davis, Van Buren, and Wapello) in Iowa, operating 1,396 miles of line. The cooperative offers a portfolio of electricity rate plans including residential, commercial, and industrial options with various demand structures. SIEC's product ecosystem includes energy efficiency programs with rebates for geothermal systems ($750/ton), air source heat pumps ($300-$600/unit), and heat pump water heaters ($1,050); renewable energy programs including a Green Power Program allowing members to purchase renewable energy blocks and a distributed generation interconnection program for member-owned solar and wind installations; member financial benefits through capital credits refunds ($400,000 approved for 2025); and community programs including academic scholarships and the Iowa Youth Tour. The cooperative also provides billing services including online E-Business portal access, budget billing, and automatic bank draft options. SIEC operates under the Touchstone Energy cooperative brand and sources power through Associated Electric Cooperative, which incorporates renewable resources representing 22% of the power supply mix.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Power Distribution Service
• Green Power Renewable Energy Program Voluntary member program that supports the integration of renewable energy into SIEC's power supply, allowing residential and business members to opt into greener generation.
• Distributed Generation Interconnection Service Service for interconnecting member-owned distributed energy resources (such as solar or wind) with SIEC's distribution grid, including technical review and metering accommodation.
• Geothermal Heat Pump Rebate Program Member rebate program that provides financial incentives for installation of geothermal heat pump systems to improve home or business energy efficiency.
• Heating and Cooling Efficiency Rebate Program Rebate offering for members who install qualifying high-efficiency heating and cooling equipment, reducing member energy costs and system load.
• Heat Pump Water Heater Rebate Program Rebate program encouraging members to install heat-pump water heaters as a more efficient alternative to conventional water heating.
• Capital Credits Program Cooperative patronage program that allocates and returns a portion of SIEC's margins to members in proportion to their electric usage, distinctive to cooperative ownership.
• Revolving Loan Fund Member loan program that finances qualifying energy-efficiency or electric equipment upgrades, with repayment recycled to fund additional member projects.
• New Construction Electric Service Service connecting newly constructed homes, farms, and commercial buildings within SIEC's territory to the cooperative's distribution system, including line extension and meter installation.
• Budget Billing Billing program that averages a member's annual electric usage into levelized monthly payments to ease seasonal bill fluctuations.
• Online Bill Payment Service Web-based service enabling members to view usage, manage accounts, and pay electric bills electronically.
• Iowa Youth Tour Annual cooperative-sponsored educational travel program that sends selected high school students from member households to a youth leadership tour in Washington, D.C.
• Academic Scholarship Program Cooperative scholarship awards granted to qualifying students from member households to support post-secondary education.

Quantifiable outcome

• 22% of power supply from renewable sources (16% wind, 6% hydro) as of 2025
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Associated Electric CooperativecoreTechnology or IntegrationSIEC's generation and transmission partner that provides power supply. Associated Electric Cooperative has 1,240 megawatts of wind generation representing 16% of member load and provides hydro power allocation representing 6% of energy needs, totaling 22% renewable resources in the 2025 power supply mix. They also purchase excess energy from member-owned distributed generation systems.
• Northeast Missouri Power CooperativecoreTechnology or IntegrationPower supply partner alongside Associated Electric Cooperative in providing electricity to SIEC members. Jointly offers the Green Power Program for renewable energy purchases.
• USDA Rural DevelopmentminorStrategic or Co-development PartnerSIEC participates in USDA Rural Development's Revolving Loan Fund program to provide economic development loans to area businesses, supporting rural economic growth in the service territory.
• Iowa Energy CenterminorStrategic or Co-development PartnerReferral resource for members considering solar installations. Provides site assessment guidance and information on solar energy systems.
• Indian Hills Community CollegeminorStrategic or Co-development PartnerReferral resource recommended to members considering solar installations for advice on factors to consider in solar projects.
• Touchstone EnergycoreGTM or Marketing PartnerNational cooperative brand that SIEC is part of, providing marketing support, cooperative identity, and member discount programs like Co-op Connections. Includes national conventions and events.

Scale indicators5 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Access Energy Cooperative: Member-owned rural electric distribution cooperative serving southeast Iowa. Closely comparable in scale, member-owned structure, and Touchstone Energy affiliation.
• Chariton Valley Electric Cooperative: Iowa rural electric distribution cooperative serving farms and small towns with similar residential/commercial/agricultural rate plans and cooperative governance.
• Iowa Lakes Electric Cooperative: Northwest Iowa rural electric distribution cooperative. Similar member-owned structure, comparable scale and service territory characteristics.
• Maquoketa Valley Electric Cooperative: Eastern Iowa rural electric distribution cooperative. Comparable member-driven distribution utility offering residential, commercial, and agricultural rate plans.
• East-Central Iowa Rural Electric Cooperative: Iowa rural electric distribution cooperative serving a comparable set of rural counties. Closely aligned business model, customer segments, and member services.
• Heartland Power Cooperative: Iowa rural electric distribution cooperative with similar scale and member-owned structure. Operates in an adjacent Iowa region with comparable rate design and programs.

Broad incumbents

• MidAmerican Energy Company: Large investor-owned utility serving Iowa and neighboring states. Operates in adjacent/overlapping Iowa territories at significantly larger scale, providing a comparison point for rate structure and service breadth.
• Alliant Energy: Regional investor-owned electric and natural gas utility serving Iowa and Wisconsin. Larger, broadly diversified utility operating in similar Iowa geographies but across customer classes and product lines.

Others

• Associated Electric Cooperative: Generation & transmission cooperative serving as SIEC's primary wholesale power supplier. Operates as an upstream ecosystem participant rather than a direct distribution competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/tsecooperatives
• YouTubevimeo.com/touchstoneenergy
• Facebookfacebook.com/SouthernIowaElectric
• LinkedInlinkedin.com/company/southern-iowa-electric-cooperative-inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southern Iowa Electric Cooperative