Seminole Electric Cooperative

What Seminole Electric Cooperative does

Seminole Electric Cooperative, Inc. is a not-for-profit generation and transmission (G&T) electric cooperative founded in 1948 and headquartered in Tampa, Florida. It is owned by and provides wholesale electricity services to nine member distribution electric cooperatives — Talquin, Tri-County, Suwannee Valley, Clay, Central Florida, SECO Energy, Withlacoochee River, Peace River, and Glades — which collectively serve nearly 2 million end consumers across 42 of Florida's 67 counties. The company is governed by a 27-member Board of Trustees with three representatives from each member cooperative.

Seminole's diversified generation portfolio totals more than 3,200 MW and includes the 1,300 MW coal-fired Seminole Generating Station (SGS) in Palatka, the 810 MW natural-gas-fired Richard J. Midulla Generating Station (MGS) in Bowling Green, the state-of-the-art 1,100+ MW Seminole Combined Cycle Facility (SCCF, ribbon-cut September 2023, Guinness-world-record efficiency), the 2.2 MW Cooperative Solar single-axis tracking facility in Hardee County, and contracted solar from Florida Renewable Partners (NextEra Energy). The cooperative owns and maintains more than 350 miles of transmission infrastructure connecting these assets to Florida's grid. Long-term coal supply (~4 million tons annually), $530M+ in environmental control retrofits, and CCR recycling practices (more than two-thirds of ~800,000 annual tons reused for wallboard, cement, and concrete block) underpin the operating model.

Commercially, Seminole operates as a wholesale-only G&T under multi-year contracts with its nine member cooperatives; revenues are cost-recovery rather than profit-driven. Federal financing is sourced primarily through USDA Rural Utility Service loans and grants, including a $1.3 billion award in December 2024 supporting 3,400 jobs. Procurement is governed by sealed bids above $20,000, formal RFQs between $10,000–$20,000, and telephone/faxed quotes below $10,000. Recent strategic initiatives include the Smart Garden indoor agriculture research project with UF/IFAS and EPRI, consumer EV education, and energy-efficiency programs targeting member-consumers.

Name

Seminole Electric Cooperative

Legal name

Seminole Electric Cooperative, Inc.

Website

https://seminole-electric.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Seminole Electric Cooperative is a not-for-profit Tampa, Florida-based generation and transmission cooperative that supplies wholesale electricity to nine member distribution cooperatives, collectively serving nearly 2 million consumers across 42 Florida counties.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Supply to Member Cooperatives: Seminole Electric Cooperative is a not-for-profit electric cooperative. As a generation and transmission (G&T) cooperative, it provides essential wholesale services to its nine member distribution cooperatives through a balanced, diversified portfolio of safe, affordable, reliable, and responsible energy resources. The company purchases power and owns and operates power plants to serve its nine member cooperatives. Being not-for-profit means revenues are used to offset costs rather than generate profit for shareholders.
2. USDA Rural Utility Service Loans and Grants: Seminole receives federal financing through the USDA Rural Utility Service (RUS) for capital projects. In December 2024, the USDA awarded $1.3 billion to Seminole Electric supporting 3,400 jobs. This federal funding supports infrastructure development including the new combined cycle facility.
3. Coal Procurement and Supply: Seminole purchases approximately 4 million tons of coal annually under long-term contract and on the spot market through supplier pre-qualification.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Seminole Electric Cooperative is a not-for-profit generation and transmission (G&T) cooperative that purchases power and owns and operates power plants to provide essential wholesale electricity services to its nine member-owned distribution electric cooperatives. Its diversified portfolio includes coal-fired, natural gas-fired, combined-cycle, and solar generation assets, complemented by more than 350 miles of transmission infrastructure connecting these resources to Florida's grid.

Product overview

Seminole Electric Cooperative is a not-for-profit generation and transmission (G&T) cooperative that provides wholesale electricity to nine member distribution electric cooperatives. The company operates a diversified portfolio of power generation assets including the Seminole Combined Cycle Facility (SCCF), the Seminole Generating Station (SGS) coal plant, the Midulla Generating Station (MGS) natural gas plant, and the Cooperative Solar program. The cooperative also maintains over 350 miles of transmission infrastructure and offers supplementary services including electric vehicle support and indoor agriculture research projects through partnerships with universities and research institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Wholesale Power Generation and Transmission Services Generation and transmission of wholesale electricity delivered to nine member-owned distribution electric cooperatives across 42 Florida counties, collectively serving nearly 2 million consumers.
• Seminole Generating Station (SGS) A 1,300-megawatt coal-fired power plant located in Palatka, Florida (Putnam County), employing approximately 270-300 workers and generating approximately 800,000 tons of coal combustion residuals per year, of which more than two-thirds are recycled.
• Richard J. Midulla Generating Station (MGS) An 810-megawatt natural gas-fired power plant located in Bowling Green, Florida (Hardee County), that also hosts the Cooperative Solar facility on adjacent remediated land.
• Seminole Combined Cycle Facility (SCCF) A state-of-the-art 2x1 natural gas-fired combined cycle facility with rated capability of more than 1,100 megawatts on a footprint of less than 20 acres, recognized as one of the most efficient natural gas combined-cycle power plants in the world.
• Cooperative Solar Facility A 2.2-megawatt utility-scale solar photovoltaic facility with more than 8,000 single-axis tracking panels that follow the sun, producing approximately 20% more output than fixed arrays. Located on remediated former phosphate mine land adjacent to the Midulla Generating Station.
• Transmission Infrastructure More than 350 miles of transmission lines owned and maintained by Seminole that connect its generating facilities to Florida's transmission grid, enabling delivery of wholesale power to member distribution cooperatives.

Quantifiable outcome

• 40% reduction in air pollutants and 34% reduction in carbon dioxide emissions with new combined cycle facility replacing one coal unit
• +4 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered strategic and core.

• Electric Power Research Institute (EPRI)strategicStrategic or Co-development Partner · 1 August 2024Seminole participates in EPRI's indoor agriculture collaborative alongside more than 15 utilities nationwide. Through automated revenue grade monitoring, EPRI researchers evaluate energy loads, water use, and operational parameters of indoor agriculture facilities to address questions regarding distribution planning, rate design, grid initialization, and community impacts.
• Clay Electric CooperativecoreStrategic or Co-development Partner · 1 August 2024Clay Electric Cooperative (one of Seminole's nine member distribution cooperatives) partnered with Seminole, EPRI, and UF/IFAS for the Smart Garden project in Citra, Florida. As a local electric cooperative with community-based economy in forestry and agriculture, Clay Electric is exploring indoor agriculture as a way for local farmers to grow crops year-round.
• General Electric (GE)coreTechnology or Integration · 1 September 2023General Electric is providing major equipment for the new Seminole Combined Cycle Facility in Palatka. The SCCF uses GE technology as part of the combined cycle configuration.
• University of Florida Institute of Food and Agricultural Sciences (UF/IFAS)strategicStrategic or Co-development Partner · 7 April 2022Seminole partnered with UF/IFAS North Florida Research and Education Center (NFREC)-Suwannee Valley for the Smart Garden indoor agriculture research project in Live Oak, FL (April 2022) and later at the PSREU in Citra, FL (January 2024). The project studies the operational, technological, economic, community, sustainability, and environmental characteristics of indoor agriculture on the electric grid. Food from the projects is donated to local food banks.
• Suwannee Valley Electric Cooperative (SVEC)coreStrategic or Co-development Partner · 7 April 2022Seminole partnered with Suwannee Valley Electric Cooperative and UF/IFAS NFREC-Suwannee Valley to host the Smart Garden ribbon cutting in April 2022. SVEC is one of Seminole's nine member distribution cooperatives, and this collaboration demonstrates the cooperative principle of concern for community through joint food security and electrification research.
• TIC – The Industrial CompanycoreStrategic or Co-development Partner · 18 April 2018TIC – The Industrial Company (a wholly owned subsidiary of Kiewit Corporation) was selected as the engineering, procurement and construction (EPC) contractor for the new 1,050-megawatt natural gas combined cycle facility in Palatka, Florida. TIC/Kiewit brings extensive experience with more than 600 power-related projects over the past 10 years. The construction contract totals approximately $727 million.
• Florida Renewable Partners, LLC (NextEra Energy)strategicStrategic or Co-development Partner · 1 January 2017Seminole contracted with Florida Renewable Partners, LLC (part of Juno Beach, Florida-based NextEra Energy) to build new solar generating facilities through purchased power agreements. These four new photovoltaic solar sites are constructed, owned, and operated by FRP to provide solar power to Seminole's nine member distribution cooperatives.
• Radiance Solar, LLCstrategicTechnology or Integration · 1 January 2016Radiance Solar, LLC (based in Atlanta, Georgia) was the engineering and construction partner for Seminole's 2.2-megawatt Cooperative Solar facility. The company designed and installed the more than 8,400 single-axis tracking solar PV panels at the Midulla Generating Station site.
• National Rural Electric Cooperative Association (NRECA)coreStrategic or Co-development Partner · 1 October 2015Seminole partnered with NRECA to file a 'Petition to Review' the EPA's Clean Power Plan in the U.S. Court of Appeals for the District of Columbia Circuit. NRECA represents the interests of electric cooperatives nationwide and provides collective advocacy, regulatory guidance, and member services to its 900+ member cooperatives.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• NextEra Energy: Florida-headquartered diversified energy leader and parent of Florida Power & Light and Florida Renewable Partners (Seminole's solar PPA partner). Comparable as a major Florida generation owner and as a partner/counterparty in Seminole's renewable energy procurement strategy.
• Duke Energy Florida: Investor-owned utility and one of the largest electric providers in Florida with generation, transmission, and distribution assets across the state. A broad incumbent in the same geography that competes for industrial and commercial load against Seminole's member coops; relevant as a scale and regulatory peer even though it is not a cooperative.

Direct peers

• Oglethorpe Power Corporation: Georgia-based G&T cooperative serving 38 member EMCs with coal, natural gas, and renewable generation plus transmission infrastructure. Closely comparable to Seminole in member-cooperative structure, generation mix diversification strategy, and southeastern U.S. operating region.
• Tri-State Generation and Transmission Association: Colorado-based G&T cooperative providing wholesale power to member distribution coops across multiple western states. Direct comparable in G&T cooperative business model and recent transition announcements (planned coal exits, addition of renewables and natural gas) that mirror Seminole's strategic direction.
• PowerSouth Energy Cooperative: Alabama-based G&T cooperative serving 16 distribution members across Alabama and northwest Florida with coal, natural gas, and hydro generation. Direct geographic and structural comparable to Seminole, particularly given the Florida/Alabama regional overlap and similar generation mix.
• Basin Electric Power Cooperative: One of the largest G&T cooperatives in the United States, serving member systems across multiple states with a diversified coal, gas, wind, and nuclear generation portfolio. Direct comparable to Seminole in business model (wholesale G&T co-op), governance (member-owned), and capital intensity.
• Associated Electric Cooperative Inc. Missouri-based G&T cooperative providing wholesale power to six regional generation and transmission co-ops and 51 distribution coops across Missouri, Iowa, and Oklahoma. Comparable in G&T cooperative structure, member-owned governance, and diversified coal/gas/wind generation portfolio.
• Great River Energy: Minnesota-based G&T cooperative serving 28 member distribution co-ops with a diversified generation portfolio including coal, natural gas, and renewables. Comparable to Seminole in G&T cooperative model, transition strategy away from coal, and scale (~2,500+ MW of generation).
• Buckeye Power: Ohio-based G&T cooperative serving 25 member distribution co-ops in Ohio with a mix of coal and natural gas generation, including a recently completed combined cycle facility. Comparable in G&T cooperative model, generation transition strategy, and recent major capex on efficient natural gas plants.

Regional players

• JEA (Jacksonville Electric Authority): Florida community-owned utility providing generation, transmission, and distribution services in northeast Florida. A regional peer in the same state that operates a comparable diversified generation portfolio (coal, natural gas, nuclear) and is a relevant comparison for Florida-specific regulatory and climate exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/seminoleec
• LinkedInlinkedin.com/company/84957
• Facebookfacebook.com/seminoleelectric

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Seminole Electric Cooperative