Wabash Valley Power Association

What Wabash Valley Power Association does

Wabash Valley Power Association (legally Wabash Valley Power Alliance) is a not-for-profit generation and transmission (G&T) electric cooperative founded in 1963 and headquartered in Indianapolis, Indiana. It was established by five Indiana distribution cooperatives to aggregate wholesale power purchasing and is now the 17th largest G&T cooperative in the United States, serving 23 member distribution cooperatives across Indiana, Illinois, and Missouri that collectively deliver electricity to over 350,000 homes, farms, and businesses. The cooperative is owned by — and supplies wholesale power to — its member distribution co-ops, operating on an at-cost pass-through basis rather than for shareholder profit.

The cooperative's core technical asset base spans 26 power plants with a combined capacity of over 1,093 MW, drawn from a deliberately diversified fuel mix that includes natural gas, coal, wind power purchase agreements (notably 75 MW from EDP Renewables' Meadow Lake VI Wind Farm), solar arrays, and a proprietary fleet of 16 landfill gas-to-energy plants producing 53.6 MW of baseload renewable capacity from methane captured at Waste Management of Indiana landfills. Complementary platforms include the Power Moves energy efficiency rebate program (over $32M awarded to 50,000+ members, saving 300 million kWh and $66M over a decade), the Co-op Solar community solar subscription program, a substation battery storage program, and a 2021 $146M joint venture with Kinetrex Energy (Kinder Morgan) to produce renewable natural gas for vehicle fuel. A 24/7 real-time grid operations center sits at the Indianapolis headquarters.

WVPA's revenue model is wholesale electricity sales to member co-ops at cost, supplemented by environmental attributes trading (RECs, RINs, greenhouse gas credits) and landfill gas supply arrangements. GTM combines direct economic development outreach to site selectors and major employers (Rivian, GM, Miller Poultry, and an emerging data center pipeline) with two-tier distribution through member co-ops. The company holds an A- credit rating from S&P Global with a stable outlook and has committed to a decarbonization pathway targeting 50% emissions reduction by 2031 and net zero by 2050.

Name

Wabash Valley Power Association

Legal name

Wabash Valley Power Alliance

Website

https://wvpa.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

Wabash Valley Power Association is a not-for-profit generation and transmission electric cooperative that wholesales power to 23 member distribution co-ops across Indiana, Illinois, and Missouri, serving 350,000+ end customers via 1,093+ MW of diverse generation capacity.

Ownership category

akta.pro rank

Product category

Wholesale Electric Power Generation and Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111), Biomass Electric Power Generation (221117)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC), DER Financing, Leasing & Billing Platforms (TPO, PPA, On-Bill) (EUAMAJAJ), Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

Keywords

• Wholesale electricity supply
• Electric cooperative generation
• Energy efficiency rebates
• Renewable power generation
• Economic development services

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Sales: WVPA generates and transmits electricity to 23 retail electric distribution cooperatives in Indiana, Illinois, and Missouri. The not-for-profit cooperative sells electricity at cost to member co-ops, who then serve 350,000+ homes, farms, and businesses. Revenue comes from wholesale power sales to member cooperatives.
2. Environmental Attributes Sales: WVPA sells the environmental attributes (renewable energy credits/RECs, renewable identification numbers/RINs, greenhouse gas reduction credits) associated with their landfill gas and wind generation to members and third parties. This provides secondary revenue from renewable generation assets.
3. Landfill Gas Supply to RNG Partnership: WVPA sells landfill gas to Kinetrex Energy (Kinder Morgan subsidiary) for transformation into renewable natural gas vehicle fuel. Kinetrex invests $146 million in the joint venture. This creates revenue from existing landfill gas assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Wabash Valley Power Association is a not-for-profit generation and transmission (G&T) electric cooperative that generates, procures, and transmits wholesale electricity to 23 member distribution electric cooperatives across Indiana, Illinois, and Missouri. It owns or contracts 26 power plants producing more than 1,093 MW of capacity from natural gas, coal, landfill gas, wind, and solar, and supplies this power to member co-ops serving over 350,000 homes, farms, and businesses. Complementing wholesale power, WVPA operates member-facing programs including Power Moves energy-efficiency rebates, Co-op Solar community solar blocks, economic development site-selection support, and workforce/site readiness grants.

Product overview

Wabash Valley Power Alliance is a not-for-profit generation and transmission cooperative that operates as a single unified platform providing wholesale electricity to 23 member distribution cooperatives across Indiana, Illinois, and Missouri. The company's core offerings center on power generation and transmission services, supplemented by energy efficiency programs (Power Moves), renewable energy options (Co-op Solar, landfill gas-to-energy, wind power purchases), and economic development services. The Power Moves program serves as the primary energy efficiency incentive mechanism, while economic development services include Workforce Automation Grants and Site Readiness Grants to support business growth in member territories. The company owns 26 power plants generating over 1,093 megawatts through diverse fuel sources including natural gas, coal, landfill gas, wind, and solar.

Differentiator

Problem solved

Functional benefit

Brands

• Power Moves: Energy efficiency rebate program for co-op members providing incentives for energy efficiency upgrades in homes and businesses
• Co-op Solar

Products and services

• Wholesale Power Supply and Generation Services Wholesale electricity generation and transmission services supplied to 23 member distribution cooperatives across Indiana, Illinois, and Missouri. WVPA owns 26 power plants generating more than 1,093 MW of electricity from a diversified mix of natural gas, coal, landfill gas, wind, and solar.
• Landfill Gas-to-Energy (LFGTE) Generation Renewable baseload generation from 16 landfill gas plants across Indiana, totaling 53.6 MW of capacity and enough output to power 40,000 homes. Methane from decomposing waste at landfills is captured and converted into electricity.
• Co-op Solar Community Solar Program Community solar program that lets customers purchase 300-watt solar blocks as part of their monthly electric consumption. Includes solar arrays across Indiana, Illinois, and Missouri, such as the 1 MW LaOtto Solar Generating Station in DeKalb County, Indiana.
• Power Moves Energy Efficiency Rebates Energy efficiency rebate program delivered through member co-ops, providing incentives for business new construction, business expansion, business efficiency upgrades, residential builds, and specific measures such as LED lighting, variable frequency drives, air compressors, and HVAC improvements. Has awarded over $32 million in incentives to more than 50,000 co-op members.
• Economic Development Services Economic development services for businesses evaluating or expanding operations in WVPA member co-op territories, including site selection assistance, power-site identification, rate options, and industry expertise across agribusiness, biomedical, data centers, logistics, and manufacturing.
• Workforce Automation Grant Grant program delivered through member distribution cooperatives that provides up to $15,000 to businesses served by WVPA member co-ops for employee training on new software or equipment to address workforce, supply chain, and automation challenges.
• Site Readiness Grant Grant program providing funding to support site preparation work for businesses expanding or locating new facilities in WVPA member co-op territories.
• Substation Battery Storage Program Battery storage deployment at substations to enhance grid reliability and support integration of distributed generation resources across WVPA's transmission system.
• Renewable Natural Gas (RNG) Production Joint venture with Kinetrex Energy (Kinder Morgan) to construct three facilities at Indiana landfills that transform WVPA's landfill gas into pipeline-quality renewable natural gas for use as vehicle transportation fuel. Expected to replace approximately 28 million gallons of diesel annually.
• Wind Power Purchase Agreement Portfolio Long-term power purchase agreements for wind generation, including a 75 MW agreement with EDP Renewables for the Meadow Lake VI Wind Farm in Benton County, Indiana. Forms part of WVPA's diversified renewable portfolio.

Quantifiable outcome

• Power Moves program saved 300 million kilowatt-hours and $66 million in avoided costs over 10 years
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

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 core and minor.

• Kinetrex Energy (Kinder Morgan)coreStrategic or Co-development Partner · 1 January 2021$146 million joint venture to construct three facilities at Indiana landfills to transform WVPA's landfill gas into pipeline-quality renewable natural gas (RNG) for vehicle transportation fuel. Expected to replace 28 million gallons of diesel annually and reduce greenhouse gas emissions by 280,000 tons.
• EDP RenewablescoreStrategic or Co-development PartnerWVPA purchases 75 MW of wind power from Meadow Lake VI Wind Farm (200 MW project in Benton County, Indiana) through a long-term power purchase agreement. This partnership is part of WVPA's 'all of the above' power portfolio strategy. EDPR has invested $1.6 billion in Indiana wind farms.
• Waste Management of IndianacoreStrategic or Co-development PartnerWVPA operates 16 landfill gas-to-energy plants at Waste Management landfills across Indiana. The partnership involves drilling wells into landfills to capture methane gas for power generation. Liberty I, II, and III plants operate at the Buffalo, Indiana facility. Total WVPA investment nearly $26 million in landfill gas projects.
• Prosperity AgminorImplementation/ SI/ Consulting PartnerGrant writing and consulting agency that helps WVPA member co-ops pursue USDA funding including REDLG (Rural Economic Development Loan and Grant) program. Worked with Fulton County REMC to secure $190,000 matching REDLG grant for road and utility extension.
• Corn Belt EnergycoreChannel Partner/ Reseller/ DistributorWVPA member distribution cooperative in Illinois serving the Bloomington-Normal area. Partnered with WVPA to support economic development and capacity upgrades for Rivian Automotive's manufacturing facility at the former Mitsubishi plant.
• Rivian AutomotiveminorOthersElectric vehicle manufacturer occupying former Mitsubishi plant in Normal, Illinois (Corn Belt Energy territory). WVPA supported capacity upgrades and infrastructure improvements to enable Rivian's operations employing nearly 6,000 people.
• 23 Member Distribution CooperativescoreChannel Partner/ Reseller/ DistributorWVPA serves as the generation and transmission cooperative for 23 retail electric distribution co-ops: Boone REMC, Carroll White REMC, Citizens Electric Corp., Corn Belt Energy, Fulton County REMC, Hendricks Power Cooperative, Jasper County REMC, Kankakee Valley REMC, LaGrange County REMC, Noble REMC, Parke County REMC, Steuben County REMC, Warren County REMC, and others in Indiana, Illinois, and Missouri.
• Hendricks Power CooperativecoreChannel Partner/ Reseller/ DistributorMember distribution cooperative in Danville, Indiana that administers Power Moves energy efficiency rebates and Workforce Automation Grants to businesses in their territory. Supported companies including Fleece Performance Engineering and Mascot Truck Parts.
• National Renewables Cooperative Organization (NRCO)minorStrategic or Co-development PartnerWVPA helped establish NRCO in 2008 to support companies in navigating renewable energy processes. The organization helps co-ops develop and implement renewable energy projects.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Basin Electric Power Cooperative: Basin Electric is the largest generation and transmission (G&T) electric cooperative in the U.S., serving member systems across nine states. It is the natural scale comparable for WVPA on cooperative wholesale power supply and integrated resource planning.
• Oglethorpe Power Corporation: Oglethorpe is one of the largest U.S. G&T cooperatives, jointly owning nuclear, gas, and renewable generation for 38 member EMCs in Georgia. Comparable to WVPA on cooperative wholesale generation model and integrated resource planning.
• Associated Electric Cooperative: Associated is a G&T cooperative supplying six member systems and 51 local co-ops in Missouri, Iowa, and Oklahoma. Comparable to WVPA on cooperative wholesale supply, coal-to-renewables transition strategy, and geographically diversified generation portfolio.
• Seminole Electric Cooperative: Seminole is a G&T cooperative serving nine member systems across Florida with a mix of coal, gas, and solar generation. Comparable to WVPA on cooperative wholesale generation model, large-scale generation asset management, and decarbonization planning.

Direct peers

• Hoosier Energy: Hoosier Energy is a G&T cooperative headquartered in Bloomington, Indiana, serving member distribution co-ops across Indiana and Illinois with overlapping Midwest service territory, similar member-owned structure, and shared renewable portfolio management responsibilities with WVPA.

Regional players

• PowerSouth Energy Cooperative: PowerSouth is a G&T cooperative serving members across Alabama and northwest Florida. Comparable to WVPA on cooperative wholesale power supply, integrated resource planning, and economic development support to member co-ops.
• East Kentucky Power Cooperative: EKPC is a G&T cooperative serving 16 member distribution co-ops in Kentucky. Comparable to WVPA on cooperative wholesale supply model and member-co-op economic development services.
• Buckeye Power: Buckeye Power is a G&T cooperative serving Ohio's distribution co-ops, jointly owning a generation fleet (including AEP/OVEC assets). Comparable to WVPA on cooperative wholesale power supply and carbon-reduction planning.
• Corn Belt Power Cooperative: Corn Belt Power is a G&T cooperative serving distribution co-ops across Iowa and southern Minnesota. Comparable to WVPA on cooperative wholesale supply, wind PPA portfolio, and member-driven decarbonization.

Others

• DTE Energy: DTE is a Michigan-based regulated utility with a major landfill-gas-to-electricity portfolio and renewable generation strategy. Comparable to WVPA on regulated electricity service, landfill-gas generation, and Midwest decarbonization roadmap — though structured as an investor-owned utility rather than a cooperative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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• LinkedInlinkedin.com/company/wabash-valley-power-association

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Wabash Valley Power Association