Harrison REMC

What Harrison REMC does

Harrison REMC (legally Harrison County Rural Electric Membership Corporation) is a not-for-profit, member-owned electric distribution cooperative founded on September 19, 1938 through Indiana's REMC Act, capitalized initially by a $387,000 Rural Electrification Administration allocation. It serves approximately 23,500 metered members across parts of Harrison, Floyd, Crawford, Clark, and Washington counties in Southern Indiana, drawing wholesale power from Hoosier Energy alongside 17 other Indiana and Illinois cooperatives. The cooperative operates an owned distribution network (overhead and underground lines, substations, transformers) and an Integrated Technology Center that handles accounting, payroll, HR, inventory, purchasing, power grid monitoring, and outage management. Advanced metering infrastructure downloads radio-transmitted meter reads directly to billing systems, enabling automated outage detection and remote dispatch of field crews.

The cooperative's product surface spans core distribution plus differentiated retail offerings: HREMC Connect native mobile app for bill pay and outage reporting, Meridian-powered online billing portal, Prepaid Electric Service, Time-of-Day Rate (with super off-peak 11pm-5am EV window), Budget Billing (rolling 12-month average or 12-month fixed), cash-based Checkout payments at national retailers, security/outdoor lighting, surge protection, Kill A Watt monitors, and a filter-change program. Energy Solutions includes HVAC/heat-pump rebates ($300-$2,000), heat pump water heater rebates ($200-$500), electric outdoor equipment rebates, HVAC tune-up rebates, the Connect to Save smart thermostat demand response program, New Home Consultations, and solar and EV education. Community engagement includes the Lend a Hand charitable matching program, the Youth Tour to Washington D.C., Camp Kilowatt, scholarships, the Cooperative Student Art Contest, Page Day, and an Emergency Personnel/Firemen Seminar.

Revenue mechanics derive from a $30/month basic service charge plus consumption-based electricity rates designed to recover revenue requirements rather than earn profit; annual margins are allocated as capital credits to members in proportion to electricity purchased, with $2.93M historically retired and $202,406 in the most recent retirement round. Approximately 30% of business is commercial and industrial — including Horseshoe Casino, Walmart, and Koetter Manufacturing — with the balance residential. The cooperative is governed by a nine-member elected board of directors, publishes the Indiana Connection magazine to all members, and coordinates with the Indiana Electric Cooperatives (IEC) and National Rural Electric Cooperative Association (NRECA) at state and national levels.

Name

Harrison REMC

Legal name

Harrison County Rural Electric Membership Corporation

Website

https://harrisonremc.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

11–50 employees

Short description

Harrison REMC is a not-for-profit, member-owned rural electric cooperative founded in 1938 that distributes electricity to about 23,500 metered members across five counties in Southern Indiana, sourcing power via Hoosier Energy and returning margins as capital credits.

Ownership category

akta.pro rank

Product category

Rural Electric Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)

SIC

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

akta.pro primary industry

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

Keywords

• Electric distribution services
• Rural electric cooperative
• Electric utility services
• Member-owned utility
• Electric power distribution

Headquarters

HQ city

Corydon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Distribution Service: Harrison REMC operates as a not-for-profit electric cooperative. Margins generated by the REMC are allocated back to the membership in the form of capital credits on a patronage basis, based on how much electricity was purchased by each member during the year. Revenue comes from electricity sales to residential and commercial/industrial members, with rates designed to only recover revenue requirements needed to operate and maintain the system.
2. Capital Credits Retirements: Annual margins are allocated as capital credits to members based on electricity purchased. These capital credits are refunded over time in accordance with the financial goals of the REMC. The REMC has returned $2,930,920 in capital credit retirements to members, with $202,406 returned last year.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Harrison REMC distributes electricity to approximately 23,500 residential and commercial/industrial member-owners across parts of five Southern Indiana counties through owned overhead and underground distribution infrastructure. The cooperative offers multiple billing formats (standard, prepaid, time-of-day, budget billing), payment channels (online, mobile, cash, in-person), energy-efficiency rebates, smart-thermostat demand response, outdoor security lighting, surge protection, and a member-assistance program, all operated on a not-for-profit service-at-cost basis with margins returned as capital credits.

Product overview

Harrison REMC operates as a not-for-profit rural electric cooperative providing electricity distribution to 23,500 members across Southern Indiana. The core offering is electric service with multiple billing and payment options including standard billing, prepaid electric service, time-of-day rates, and budget billing. The cooperative provides a comprehensive mobile app (HREMC Connect) for account management, bill payment, and outage reporting. Energy efficiency programs include HVAC/heat pump rebates, water heater rebates, outdoor equipment rebates, tune-up rebates, and the Connect to Save smart thermostat demand response program. Additional services encompass solar consultation, security lighting, surge protection, energy monitoring devices, new home consultations, and youth programs including scholarships and youth tours. The cooperative maintains advanced metering infrastructure enabling automated outage detection and remote monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Distribution Service Core residential and commercial/industrial electricity distribution service for member-owners in Harrison, Floyd, Crawford, Clark, and Washington counties in Southern Indiana.
• HREMC Connect Mobile App Native mobile application on iOS and Android enabling secure bill payment, account information access, outage reporting, usage tracking, and customer notification signups for members.
• Online Bill Payment Portal Meridian Customer Portal providing secure online account management, bill viewing, and payment processing with credit/debit card or e-check options.
• Prepaid Electric Service Pay-as-you-go electric service allowing residential members to prepay for electricity with daily balance monitoring, no security deposit, and no late fees.
• Time-of-Day Rate (TOD) Dynamic pricing plan with rates varying by time of day and season, including a super off-peak period (11pm-5am) designed for EV charging and household appliance use.
• Budget Billing Monthly payment program offering average billing (rolling 12-month average) or fixed billing (same amount for 12 months with annual reconciliation) to help members avoid seasonal billing swings.
• Checkout Cash Payment Cash-based payment option enabling members to pay electric bills at participating retail locations using a barcode, processed in real time with a $1.50 processing fee.
• Security Lighting Outdoor LED security light rental service with monthly subscription pricing for 40W ($9/month), 55W directional ($12/month), and 205W directional ($17.25/month) fixtures, including fixture rental, maintenance, service, and electricity.
• Surge Protection Primary (meter/service entrance) and secondary (plug-in) surge protection equipment available for purchase to safeguard members' electronics and appliances.
• Outage Map and Reporting Real-time outage tracking system with automated outage detection via advanced metering, allowing members to report outages via phone, online portal, or mobile app and receive status updates.
• Solar and Renewable Energy Consultation Free solar consultation services for residential members, including education on solar panels and inverters, cost analysis, and connection to Hoosier Energy's generation portfolio, plus a home solar calculator tool.
• Connect to Save (Smart Thermostat Program) Demand-side management program rewarding members for allowing automatic smart thermostat adjustments during peak demand periods, integrating with ecobee, Honeywell Home, and Sensi thermostats.
• Lend a Hand (Electric Assistance Program) Charitable program helping members at or below 150% of the poverty level pay electric bills, funded by member donations matched by Harrison REMC and distributed through local community service agencies.
• Capital Credits Annual allocation of cooperative margins back to members based on electricity purchased, with capital credits refunded per cooperative bylaws; approximately $2,930,920 returned in total retirements.
• Youth Programs Cooperative youth engagement offerings including Youth Tour to Washington D.C., Camp Kilowatt, Youth Power and Hope Awards, Cooperative Student Art Contest, scholarships ($1,000 per participating high school), and Page Day.

Quantifiable outcome

• $2,930,920 returned to members in total capital credit retirements
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Hoosier EnergycoreStrategic or Co-development PartnerHoosier Energy is the power supplier to Harrison REMC and 17 other cooperatives in Central and Southern Indiana and southeastern Illinois. Through this partnership, Harrison REMC offers heating and cooling and water heater rebates to members. Hoosier Energy also offers a lineman training center scholarship program for REMC members.
• Indiana Electric Cooperatives (IEC)coreStrategic or Co-development PartnerEstablished in 1935, IEC serves as the statewide resource for member cooperatives. Partnership enables Youth Tour trip sponsorship, continuing education for employees and directors, publishes Indiana Connection magazine, and coordinates cooperative efforts on common concerns.
• National Rural Electric Cooperative Association (NRECA)coreStrategic or Co-development PartnerNational service organization representing nearly 900 not-for-profit rural electric cooperatives. NRECA ensures cooperatives operate consistently with cooperative principles and provides guidance on safe, reliable, affordable electric service. Coordinates national Youth Tour program.
• Indiana Public Service CommissioncoreOthersState regulatory body that granted Harrison REMC its initial franchise on September 19, 1938 for service in the five-county area.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• National Rural Electric Cooperative Association (NRECA): National service organization representing nearly 900 not-for-profit rural electric cooperatives. Provides Harrison REMC with governance guidance, training, the national Youth Tour program, and advocacy on cooperative principles; an ecosystem enabler rather than a direct competitor.
• Indiana Electric Cooperatives (IEC): Indiana statewide association for member electric cooperatives, publishing the Indiana Connection magazine and coordinating continuing education, Youth Tour sponsorship, and collective advocacy. A peer ecosystem organization serving all Indiana REMCs including Harrison REMC.

Direct peers

• Whitewater Valley REMC: Indiana rural electric cooperative operating in eastern Indiana. Directly comparable member-owned distribution utility with overlapping service territory characteristics, AMI investment profile, and rebate-based energy efficiency programs.
• Jackson County REMC: Indiana rural electric membership corporation serving a contiguous southern Indiana county. Operates under the same REMC Act framework, uses the same Hoosier Energy wholesale supplier relationship, and offers a directly comparable mix of residential distribution, capital credits, and demand-side programs.
• Bartholomew County REMC: Indiana REMC of similar scale serving Bartholomew and adjacent counties. Closely comparable cooperative structure, member-owned capital credit model, C&I rebate program portfolio, and Hoosier Energy power supply arrangement.
• RushShelby Energy: Indiana electric distribution cooperative serving Rush and Shelby counties. Comparable cooperative governance, residential and commercial/industrial service mix, and reliance on Hoosier Energy for wholesale power supply.
• Southern Indiana Power: Electric distribution cooperative operating in southern Indiana. Closely comparable to Harrison REMC in geographic setting, scale range, cooperative ownership structure, and member service offerings.

Broad incumbents

• Duke Energy Indiana: Investor-owned utility operating adjacent to Harrison REMC's franchise area; the two parties filed a 2024 joint petition with the IURC to modify service-area boundaries. A much larger incumbent utility whose service territory abuts and occasionally overlaps with Harrison REMC's.
• Hoosier Energy: Generation and transmission cooperative supplying wholesale power to 18 member distribution cooperatives including Harrison REMC. A larger, established entity in the same Indiana electric cooperative ecosystem that supplies Harrison's energy and partners on rebates and training.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC7Ec9IXxPcPh6ahwZ7BOaSA?view_as=subscriber
• Facebookfacebook.com/HarrisonRemc
• LinkedInlinkedin.com/company/harrison-remc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Harrison REMC