Hoosier Energy

What Hoosier Energy does

Hoosier Energy is a member-owned generation and transmission (G&T) electric cooperative founded in 1949 and headquartered in Bloomington, Indiana. It generates and transmits wholesale electricity across a 15,000-square-mile territory spanning central and southern Indiana and southeastern Illinois, serving 17 member distribution cooperatives that in turn deliver power to more than 285,000 homes, farms, and businesses and over 700,000 end consumers. Its diversified generation portfolio includes natural gas peaking plants, hydroelectric facilities, and renewables (wind, solar, landfill gas), with a stated target of 10% renewables by 2025 and transmission capability up to 345kV.

The company's operational technology stack includes the PowerClerk interconnection management system (used to process distributed generation interconnections of 50 kW–20 MW at up to 34.5 kV), drone-based powerline and rights-of-way monitoring capable of inspecting 345 kV lines, and digital fault recorders described as an industry-standard innovation. Supporting products and services include the Small Generator Interconnection Process (SGIP), a vegetation management program, the Rural Energy Audit pilot in partnership with GDS Associates, and the HEATS apprenticeship and training safety program. A new "Why Electrify" educational website was launched in March 2022 to support member-consumer electrification outreach, and a Certificate in Emerging Energy Technology program was created with Indiana State University in October 2020 for workforce retraining.

Hoosier Energy operates on a regulated cost-of-service revenue model, selling wholesale electricity exclusively to its 17 member cooperatives at rates determined through regulatory processes, billed monthly. Pricing is not publicly disclosed. The cooperative has no external shareholders or parent company — its owners are the 17 member distribution cooperatives. In October 2022, Hoosier Energy divested its 1 GW Merom Generating Station to Hallador Energy Company (with a 3.5-year PPA), and in April 2026 it was named (alongside Wolverine Power Cooperative) as a recipient of USDA Rural Utilities Service New ERA funding to support restarting the idled Palisades nuclear plant. Its go-to-market is sales-led through member relationships, with marketing channels spanning a multilingual website (English, Spanish, French, German, Japanese, Chinese, Portuguese), newsletters, press releases, and video content.

Name

Hoosier Energy

Legal name

Hoosier Energy

Website

https://hoosierenergy.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

251–500 employees

Short description

Hoosier Energy is a member-owned generation and transmission electric cooperative, founded in 1949, that generates and transmits wholesale electricity to 17 member distribution cooperatives serving 700,000+ consumers across central/southern Indiana and southeastern Illinois.

Ownership category

akta.pro rank

Product category

Wholesale Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

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

akta.pro secondary industry

Interconnection, Permitting & Grid Services for DERs (EUAMAJAH)

Keywords

• Wholesale electricity supply
• Electric cooperative services
• Power transmission services
• Generation and transmission
• Rural electric utility

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Sales: Hoosier Energy generates and transmits electricity to its 17 member electric cooperatives, which distribute power to end consumers. As a cooperative, the organization operates on a cost-of-service basis, with revenues used to cover operational costs and fund infrastructure investments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hoosier Energy is a generation and transmission (G&T) electric cooperative that generates and transmits wholesale electricity to its 17 member electric cooperatives across central and southern Indiana and southeastern Illinois. Member cooperatives then distribute that power to more than 285,000 homes, farms, and businesses across a 15,000-square-mile service territory, reaching over 700,000 consumers. The cooperative supplements wholesale power with member-driven services including grid infrastructure support, interconnection management, vegetation management, rural energy audits, and economic development assistance.

Product overview

Hoosier Energy is a generation and transmission (G&T) cooperative that provides wholesale power to 17 member electric cooperatives across central and southern Indiana and southeastern Illinois. The company operates as a unified cooperative model serving more than 700,000 consumers through 285,000 homes, farms and businesses across a 15,000-square-mile service territory. The product portfolio centers on core energy services including power generation, transmission, and distribution management, supported by technology tools like PowerClerk for interconnection processing and the Why Electrify educational platform for member engagement. Additional offerings include workforce development programs through partnerships with Indiana State University, vegetation management services, drone-based grid monitoring, digital fault recorders, and small generator interconnection management through the SGIP process.

Differentiator

Problem solved

Functional benefit

Products and services

• Wholesale Electricity Generation and Transmission

Quantifiable outcome

• Serving more than 700,000 consumers through 17 member electric cooperatives
• +4 more outcomes

Named customers2 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

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Wolverine Power CooperativecoreStrategic or Co-development Partner · 1 April 2026Both Hoosier Energy and Wolverine Power Cooperative were tapped by RUS (Rural Utilities Service) to receive New ERA funding to help cover power purchase agreements for restarting the idled Palisades nuclear plant in Michigan. This partnership supports nuclear energy deployment in the region.
• Hallador Energy CompanycoreStrategic or Co-development PartnerHoosier Energy finalized the sale of its 1-Gigawatt Merom Generating Station to Hallador Power Company (subsidiary of Hallador Energy Company), in return for Hallador assuming certain decommissioning costs and environmental responsibilities. The transaction includes a 3.5-year power purchase agreement.
• GDS AssociatesminorImplementation/ SI/ Consulting PartnerHoosier Energy and member cooperatives, in partnership with GDS Associates, relaunched the Rural Energy Audit pilot program offering ASABE Tier II Energy Audits for rural farms and small businesses.
• Indiana State UniversitycoreStrategic or Co-development PartnerHoosier Energy and Indiana State University partnered to create a Certificate in Emerging Energy Technology program, aimed at retraining Hoosier Energy employees interested in obtaining fundamental skills necessary to pursue jobs in the electric transmission and distribution field.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Basin Electric Power Cooperative: One of the largest G&T cooperatives in the U.S., serving member systems across the upper Midwest and West with a diversified generation portfolio; directly comparable in cooperative structure, wholesale model, and generation mix to Hoosier Energy.
• Oglethorpe Power Corporation: Member-owned G&T cooperative serving 38 Electric Membership Corporations in Georgia; directly comparable in cooperative G&T structure with significant owned generation assets.
• Associated Electric Cooperative: G&T cooperative supplying wholesale power to six member distribution cooperatives and three others in Missouri and surrounding states; directly comparable in member-owned G&T model and diversified generation strategy.
• PowerSouth Energy Cooperative: Generation and transmission cooperative serving member distribution systems across Alabama and northwest Florida; directly comparable G&T co-op with similar diversified generation portfolio and member-owned structure.
• East Kentucky Power Cooperative: G&T cooperative supplying wholesale power to 16 member distribution cooperatives in Kentucky; directly comparable in scale, member count, and wholesale generation-and-transmission model.
• Seminole Electric Cooperative: G&T cooperative serving member distribution co-ops in Florida; directly comparable in cooperative ownership model, wholesale electricity supply, and generation asset management.
• Dairyland Power Cooperative: Touchstone Energy cooperative providing wholesale generation and transmission to member distribution co-ops across Wisconsin, Minnesota, Iowa, and Illinois; directly comparable in member-owned G&T model and Midwest geography.
• Wolverine Power Cooperative: Generation and transmission cooperative serving member electric co-ops in Michigan; directly comparable to Hoosier Energy as a peer G&T co-op and a named co-recipient of New ERA funding for the Palisades nuclear restart.
• Big Rivers Electric Corporation: Member-owned G&T cooperative in Kentucky serving distribution co-ops with owned generation and purchased power; directly comparable in cooperative G&T structure and wholesale-to-member distribution model.

Broad incumbents

• Southern Power (Southern Company subsidiary): Wholesale energy arm of Southern Company with a diversified generation portfolio including natural gas, solar, and battery storage; broad incumbent in the same wholesale electric generation and transmission space, serving utilities across a wider footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/hoosierenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

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 Hoosier Energy