Boone Electric Cooperative
Boone Electric Cooperative is a member-owned rural electric utility founded in 1936, serving 35,000+ meters across Boone County and portions of five other mid-Missouri counties through 3,100+ miles of distribution lines. It distributes electricity, offers renewable energy programs, and provides community reinvestment through its Community Trust.
- Company typePrivate
- Founded1936
- HeadquartersColumbia, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Boone Electric Cooperative does
Boone Electric Cooperative is a member-owned rural electric distribution utility founded in 1936 as the first electric cooperative in Missouri. Headquartered at 1413 Rangeline Street in Columbia, Missouri, the cooperative distributes electricity through more than 3,100 miles of distribution lines to over 35,000 meters across Boone County and portions of Randolph, Audrain, Callaway, Howard, and Monroe counties in mid-Missouri. The cooperative sources wholesale power through a three-tiered cooperative structure, with Associated Electric Cooperative Inc. (AECI) providing generation and transmission services to 910,000+ members across Missouri, northeast Oklahoma, and southeast Iowa.
The cooperative's core technology stack consists of conventional electric distribution infrastructure alongside the SmartHub digital platform, which enables member self-service for bill payment, energy usage monitoring, outage reporting, and account management via web portal and mobile applications. The cooperative operates a Net Metering program (with 251 solar PV members and 324,368 kWh credited back in 2022), a Renewable Choice Program allowing members to purchase wind blocks ($2/month per 100 kWh) and solar panels (15.95¢/kWh), and an extensive energy efficiency rebate suite covering dual fuel systems, ground source heat pumps, advanced thermostats, water heaters, and commercial lighting. No AI/ML capabilities are evidenced in the technology stack.
Revenue is generated primarily through usage-based monthly electricity distribution charges (average residential rate ~11¢/kWh) and fixed service availability charges, supplemented by subscription fees for Dusk-to-Dawn outdoor lighting services ($10.70-$32.75/month per fixture) and renewable energy program subscriptions. The cooperative operates on a not-for-profit basis, returning capital credits to members, and reinvests in the community through the Boone Electric Community Trust, which has distributed over $4.78 million to local nonprofits since 1998. Governance is exercised through a nine-member Board of Directors elected by the membership, with operational leadership under CEO and General Manager Todd Culley.
Boone Electric Cooperative firmographics
Firmographics- Name
- Boone Electric Cooperative
- Legal name
- Boone Electric Cooperative
- Website
- https://booneelectric.coop
- Company type
- Private
- Founded year
- 1936
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Boone Electric Cooperative is a member-owned rural electric utility founded in 1936, serving 35,000+ meters across Boone County and portions of five other mid-Missouri counties through 3,100+ miles of distribution lines. It distributes electricity, offers renewable energy programs, and provides community reinvestment through its Community Trust.
- Ownership category
- akta.pro rank
Boone Electric Cooperative industry classification
Industry- Product category
- Rural Electric Utility Distribution
- NAICS
- Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
Keywords
Where Boone Electric Cooperative is headquartered
LocationHeadquarters
- HQ city
- Columbia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Boone Electric Cooperative business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Others
Revenue model
- Electricity Distribution Services: Monthly electricity distribution services to residential and commercial members across Boone County and portions of five other mid-Missouri counties. Revenue generated through base service charges and usage-based kWh charges.
- Dusk to Dawn Lighting: Monthly service fees for outdoor dusk-to-dawn lighting including LED lights on existing poles, installation, energy, and maintenance
- Energy Efficiency Rebates and Programs: Rebate programs for energy efficiency upgrades including dual fuel systems, ground source heat pumps, advanced thermostats, water heaters, and commercial lighting
- Renewable Choice Program: Optional renewable energy additions to monthly bills where members can purchase wind blocks ($2/month per 100 kWh block) and solar panels (15.95¢/kWh) to increase their renewable energy percentage
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Base Service Charges (Less than 600 kWh) |
| Unit Pricing | Monthly | Wind Block (100 kWh) |
| Unit Pricing | Monthly | Solar Panels (Winter Average) |
| Unit Pricing | Monthly | Solar Panels (Summer Average) |
| Other | One time/ perpetual license | Ground Source Heat Pump Rebate |
| Other | One time/ perpetual license | Dual Fuel Rebate |
| Other | One time/ perpetual license | Advanced Thermostat Rebate |
| Other | One time/ perpetual license | Water Heater Rebate |
| Subscription | Monthly | Dusk to Dawn LED Light (100-watt equivalent) |
| Subscription | Monthly | Dusk to Dawn Coach Light (100-watt equivalent subdivision) |
| Subscription | Monthly | Dusk to Dawn LED Directional (1000-watt equivalent) |
| Other | One time/ perpetual license | Commercial Lighting Rebate |
Distribution channels2 records
Marketing channels8 records
Boone Electric Cooperative product offering
Product offeringCore offering
Boone Electric Cooperative is a member-owned rural electric cooperative that distributes electricity across Boone County and portions of five adjacent mid-Missouri counties via 3,100+ miles of distribution lines serving 35,000+ meters. Its core offering is electricity distribution to residential, agricultural, and commercial members, complemented by energy efficiency rebate programs, renewable energy options (wind blocks, solar panels, net metering), SmartHub digital account management, dusk-to-dawn outdoor lighting, and community programs.
Product overview
Boone Electric Cooperative operates as a member-owned rural electric utility providing electricity distribution across central Missouri. The cooperative offers a unified member services platform centered on SmartHub for bill payment and account management, complemented by energy efficiency programs (Take Control & Save rebates, Energy Efficiency Reviews) and renewable energy options (Renewable Choice blocks, net-metering for solar/wind systems, ground source heat pumps, dual fuel systems). Additional offerings include outdoor lighting services, a Medical Alert Program for priority outage response, community development through the Boone Electric Community Trust and Operation Round Up program, youth leadership programs, and educational initiatives. The cooperative was founded in 1936 and serves over 35,000 meters through 3,100+ miles of distribution lines.
Differentiator
Problem solved
Functional benefit
Products and services
- Electricity Distribution Service Core electricity distribution service delivered through 3,100+ miles of distribution lines to 35,000+ residential, agricultural, and commercial members across Boone County and portions of Randolph, Audrain, Callaway, Howard, and Monroe counties in mid-Missouri. Members are billed monthly based on usage-based kWh rates and base service charges.
- SmartHub Member portal and mobile app for bill payment, account management, outage reporting, and viewing electric usage, available on iOS and Android.
- Dusk to Dawn Lights Outdoor lighting service with LED fixtures mounted on existing poles, including installation, energy, and maintenance for security and area lighting, offered at monthly subscription rates.
- Renewable Choice Program Voluntary program allowing members to purchase additional wind and solar energy blocks to increase their renewable energy consumption beyond the base renewable supply, priced at $2/month per 100 kWh wind block and 15.95¢/kWh for solar panels.
- Net-Metering Program Program allowing members with solar PV, wind, or battery storage systems to receive bill credits for excess energy sent back to the grid, based on Missouri state statute.
- Take Control & Save Rebates Rebate program offering incentives for energy efficiency upgrades including dual fuel systems, ground source heat pumps, advanced thermostats, water heaters, and commercial lighting, with most rebates effective through December 31, 2026.
- Energy Efficiency Review Free home energy audits conducted by Boone Electric experts to identify energy-saving opportunities and provide recommendations for efficiency improvements.
- Ground Source Heat Pump Program Program offering rebates and information for ground source (geothermal) heat pump installation for residential and commercial properties, capable of 300%+ efficiency, with rebates of up to $750 per ton.
- Dual Fuel Systems Combined heat pump and fossil fuel furnace systems program with load control during peak demand and discounted electric rates, offering $300 per system rebate with minimum HSPF2 rating of 7.5 or higher.
- Medical Alert Program Priority registration program for members with life-support equipment, disabilities, or elderly residents to ensure awareness during power outages.
- Boone Electric Community Trust Foundation providing grants to local nonprofits, schools, and public entities, plus scholarships to high school seniors in the service area, funded by Operation Round Up; has distributed over $4.78 million since 1998.
- Operation Round Up Community giving program where members voluntarily round up their monthly electric bill to the nearest dollar, with proceeds funding the Boone Electric Community Trust.
- Youth Leadership Programs (CYCLE & Youth Tour) Youth programs including CYCLE leadership contest for high school sophomores and Rural Electric Youth Tour to Washington D.C. for high school juniors in the service area.
Quantifiable outcome
- Average 21% savings through energy efficiency upgrades
- +3 more outcomes
Companies that use Boone Electric Cooperative
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Boone Electric Cooperative technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Boone Electric Cooperative partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and minor.
- Associated Electric Cooperative Inc. (AECI)coreAECI provides wholesale power to Boone Electric Cooperative and five other regional and 51 local electric cooperative systems across Missouri, northeast Oklahoma and southeast Iowa, serving more than 910,000 members. AECI was formed in 1962 by Missouri cooperatives to plan, construct and operate primary generation and transmission facilities.
- Central Electric CooperativecoreCentral Electric Cooperative supplies power to Boone Electric Cooperative as part of the three-tiered power supply system. Also partners through Green Tree Partnership providing up to $500 for communities to plant trees.
- National Rural Electric Cooperative Association (NRECA)majorNRECA sponsors the annual Youth Tour program that Boone Electric participates in, bringing high school students to Washington D.C. for youth leadership conference.
- Association of Missouri Electric Cooperatives (AMEC)majorState association representing Missouri electric cooperatives, providing advocacy, education, and networking support for member cooperatives.
- University Extension ServiceminorPartnered with University Extension Service to help farmers organize and form the cooperative during the New Deal era.
- Missouri International ProgramminorInternational aid organization that Boone Electric linemen volunteer with for electrification missions, such as the 2024 mission to Viucalvitz, Guatemala.
- Central Electric Power Cooperative (Green Tree Partnership)minorGreen Tree Partnership designed to assist communities in planting trees with up to $500 grant for tree purchase and planting.
- Central Missouri Community Action (CMCA)minorCMCA offers free Weatherization Program to limited income families in the Boone Electric service area to reduce energy consumption and costs. Referenced under Take Control & Save rebate program.
- Home Performance with ENERGY STARminorNational program from U.S. Environmental Protection Agency and U.S. Department of Energy that Boone Electric participates in for whole-house energy efficiency improvements.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Boone Electric Cooperative competitors and assessment
Company assessmentDirect peers
- Co-Mo Electric Cooperative: Member-owned rural electric cooperative headquartered in Tipton, Missouri, serving parts of central Missouri adjacent to Boone Electric's territory. Directly comparable in member-owned cooperative model, service territory type, and product offering mix (electric distribution, energy efficiency programs, broadband).
- Sac Osage Electric Cooperative: Member-owned electric cooperative serving west-central Missouri. Operates the same member-owned distribution utility model as Boone Electric and shares the AECI wholesale generation and transmission system.
- Consolidated Electric Cooperative: Missouri-based rural electric cooperative serving members across north-central Missouri. Same AECI network membership and identical business model — member-owned distribution cooperative serving rural customers with comparable energy-efficiency and renewable programs.
- Callaway Electric Cooperative: Rural electric cooperative serving Callaway County, Missouri — one of the counties partially overlapped by Boone Electric's service territory. Same AECI wholesale supplier, same cooperative structure, and directly comparable rural/small-town member profile.
- Osage Valley Electric Cooperative: Member-owned rural electric cooperative serving portions of west-central Missouri. Comparable cooperative structure, electric distribution focus, and AECI wholesale supplier relationship make it a direct functional peer.
- Three Rivers Electric Cooperative: Member-owned electric cooperative serving parts of central Missouri through distribution infrastructure similar to Boone's. Directly comparable in cooperative structure, member-owned governance, and rural/electric-distribution business model.
- Central Electric Power Cooperative: Generation-and-transmission cooperative supplying wholesale power to Boone Electric and other Missouri distribution cooperatives, plus administering the Green Tree Partnership. Directly comparable as a Missouri electric cooperative operating within the same AECI power-supply structure.
- SEMO Electric Cooperative: Rural electric distribution cooperative serving southeast Missouri. Member-owned structure, AECI network affiliation, and rural member base are directly comparable to Boone Electric's operating profile.
Broad incumbents
- Ameren Missouri: Investor-owned regulated utility serving much of Missouri including portions adjacent to Boone Electric's territory. Operates as a broader incumbent in the same state-level regulatory and competitive landscape, with overlapping but not directly competing territory and significantly larger scale and resource base.
- Evergy: Investor-owned regulated utility operating across Missouri and Kansas, including service areas adjacent to Boone Electric's territory. Broad incumbent providing the same essential regulated electric distribution service but as part of a multi-state utility portfolio rather than a single-territory cooperative.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Boone Electric Cooperative social profiles
Digital presenceBoone Electric Cooperative financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boone Electric Cooperative leadership team
Management profileNumber of profiles
Profiles7 records
Boone Electric Cooperative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boone Electric Cooperative 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 Boone Electric Cooperative
What does Boone Electric Cooperative do?
Boone Electric Cooperative is a member-owned rural electric cooperative that distributes electricity across Boone County and portions of five adjacent mid-Missouri counties via 3,100+ miles of distribution lines serving 35,000+ meters. Its core offering is electricity distribution to residential, agricultural, and commercial members, complemented by energy efficiency rebate programs, renewable energy options (wind blocks, solar panels, net metering), SmartHub digital account management, dusk-to-dawn outdoor lighting, and community programs.
Is Boone Electric Cooperative a public or private company?
Boone Electric Cooperative is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Boone Electric Cooperative founded?
Boone Electric Cooperative was founded in 1936. It employs 51 to 100 people.
Where is Boone Electric Cooperative based?
Boone Electric Cooperative is headquartered in Columbia, United States, in the North America region.
How does Boone Electric Cooperative make money?
Four revenue lines are on record. Electricity Distribution Services are the primary driver. The others are dusk to Dawn Lighting, energy Efficiency Rebates and Programs and renewable Choice Program.
Who are Boone Electric Cooperative's main competitors?
Direct peers on record are Co-Mo Electric Cooperative, Sac Osage Electric Cooperative, Consolidated Electric Cooperative, Callaway Electric Cooperative, Osage Valley Electric Cooperative, Three Rivers Electric Cooperative, Central Electric Power Cooperative and SEMO Electric Cooperative. Broad incumbents are Ameren Missouri and Evergy.
Does Boone Electric Cooperative have an API?
No public API is recorded for Boone Electric Cooperative.
What industry is Boone Electric Cooperative in?
Boone Electric Cooperative's product category is Rural Electric Utility Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities). Its NAICS code is 221122 and its SIC code is 4911.