Tanner Electric

What Tanner Electric does

Tanner Electric Cooperative is a member-owned, not-for-profit rural electric distribution utility founded in 1936, serving approximately 5,200 residential and commercial meters across three Washington State communities: North Bend (~2,400+ meters, headquarters), Ames Lake (~1,500+ meters), and Anderson Island (~1,300+ meters, reached via a two-mile submersible cable installed in 1961). The cooperative operates within exclusive franchise service territory in King and Pierce counties, purchasing 100% of its power from Bonneville Power Administration under a full-requirements contract, with the electricity mix sourced primarily from hydroelectric generation. TEC is governed by a member-elected Board of Directors and is led by CEO Steven W. Walter, with operations overseen by Director of Operations Nick Himebauch. Member ownership returns surplus margins as capital credits rather than distributing equity to outside shareholders.

Core technology comprises an Advanced Meter Reading (AMR) system enabling two-way electronic meter communication for remote reads and outage detection, a SmartHub web and mobile platform (NISC-provided) for billing, usage analytics, outage notifications, and service requests, and a real-time Outage Map. The product portfolio spans core electricity distribution, distributed energy programs (Community Solar, Net Metering up to 100 kW, EV Charger Incentive of $250, energy-efficiency rebates for heat pumps, insulation, windows, and free or subsidized smart thermostats via partner Evergreen Energy), prepaid metering, Operation Round Up charitable giving, scholarship programs, and the national Co-op Connections discount network.

The revenue model is a regulated monthly subscription: members pay a fixed monthly facility/service charge ($45 residential North Bend/Ames Lake; $61.67 Anderson Island) plus variable kWh energy charges ($0.1092/kWh residential), with separate small and large commercial demand-charge tariffs ($7.48-$7.65/kW after threshold). Ancillary revenue includes service fees, capital credits retirements, and minor program fees. GTM is direct-to-consumer within the franchise territory with no competing utility; customer acquisition is essentially passive via new construction and member referrals, while retention is reinforced by cooperative governance, community programs, and capital credits accumulation.

Name

Tanner Electric

Legal name

Tanner Electric Cooperative

Website

https://tannerelectric.coop

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

Tanner Electric Cooperative is a member-owned, not-for-profit rural electric distribution utility serving approximately 5,200 residential and commercial meters across North Bend, Ames Lake, and Anderson Island in Washington State under an exclusive franchise service territory with Bonneville Power Administration power supply.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Utilities (22)

SIC

Electric Services (4911)

akta.pro primary industry

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

Keywords

• Electric utility distribution
• Member-owned cooperative
• Energy efficiency programs
• Electricity distribution services
• Advanced metering infrastructure

Headquarters

HQ city

North Bend

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution: Tanner Electric generates revenue through electricity distribution to approximately 5,200 residential and commercial meters across North Bend, Ames Lake, and Anderson Island. Revenue consists of monthly facility/service charges plus energy charges per kWh. As a not-for-profit cooperative, revenues above costs are allocated as capital credits to members.
2. Capital Credits: Margins above operating costs are allocated to members as capital credits based on their electricity purchases during profitable years. These are eventually retired and returned to members as checks.
3. Service Fees and Charges: Fees for account transfers, service calls, reconnections, new meter connects, temporary meters, and late payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Tanner Electric Cooperative is a not-for-profit, member-owned electric utility that distributes electricity to approximately 5,200 residential and commercial meters across three Washington State communities: North Bend, Ames Lake, and Anderson Island. The cooperative purchases wholesale power from Bonneville Power Administration (primarily hydroelectric) and delivers it through its own overhead and underground distribution infrastructure, charging members monthly facility fees plus per-kWh energy charges.

Product overview

Tanner Electric Cooperative is a non-profit electric utility that provides electricity distribution services to approximately 5,200 meters across North Bend, Ames Lake, and Anderson Island in Washington State. The cooperative's product portfolio centers on its member-facing SmartHub platform (web and mobile app) for account management, billing, and service requests, complemented by an Advanced Meter Reading (AMR) system for outage detection and remote meter reading. Energy-related offerings include Community Solar, EV Charger Incentives, Net Metering programs, and comprehensive Energy Efficiency Incentives (heat pumps, insulation, windows, smart thermostats) administered with Evergreen Energy partners. Community programs include Operation Round Up charitable giving, Capital Credits member equity distribution, Prepaid Metering, and various scholarship programs for college and lineworker training. Member benefits are extended through the Co-op Connections discount program and an interactive Outage Map for real-time service status.

Differentiator

Problem solved

Functional benefit

Brands

• SmartHub: Online account management system for members to pay bills, view usage trends, check billing history, and receive important notices.

Products and services

• SmartHub Web and mobile application enabling cooperative members to pay bills, view usage trends, check billing history, set up auto-pay, receive notifications, report service issues, and contact customer service.
• Tanner AMR (Advanced Meter Reading) Electronic metering infrastructure deployed across the service territory that communicates directly with the cooperative office, enabling remote meter reading without field visits and providing faster outage detection to dispatch repair crews to exact outage locations.
• Outage Map Real-time power outage tracking tool accessible to cooperative members to check power outage status in their service area.
• Community Solar Project Solar energy program allowing cooperative members to purchase shares in a community solar array located at Tanner's headquarters, with each 55-watt unit priced at $230 and producing bill credits plus Washington State production incentives.
• EV Charger Incentive Program $250 incentive program for cooperative members who purchase and install a residential Level 2 Smart EV Charger, with required off-peak charging between 10:00 p.m. and 5:00 a.m. to minimize grid impact.
• Net Metering and Renewable Resource Interconnection Program enabling residential customer-generators to interconnect eligible generating systems up to 100 kilowatts to offset consumption, allowing meters to run backward when generating excess electricity.
• Energy Efficiency Incentives Rebate programs administered with Evergreen Energy Partners covering window and door replacement ($6-$16/sq ft), insulation ($0.06-$2/sq ft), heat pumps ($600-$1,560), heat pump water heaters ($700-$1,800), and smart thermostats (free Google Nest or $140 advanced models).
• Prepaid Metering Program Alternative billing option allowing cooperative members to prepay for electricity, with automatic disconnection when balance reaches zero and automatic reconnection upon payment.
• Co-op Connections Member discount program offered through Touchstone Energy Cooperatives providing cooperative members with prescription, dental, vision, hearing, lab work, chiropractic, travel, entertainment, and marketplace discounts.

Quantifiable outcome

• Electric heating costs can be reduced by 25% to 50% with heat pump installation
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Bonneville Power Administration (BPA)coreOthersTEC is a full requirements customer of BPA, meaning TEC does not generate any power and relies entirely on BPA to meet load requirements. Power is sourced primarily from hydroelectric generation. TEC is obligated to follow BPA's fuel mix.
• Evergreen Energy PartnerscoreImplementation/ SI/ Consulting PartnerProgram manager and field specialist for energy efficiency incentive processing. Contact: Kandis Bray. Handles window replacement, insulation, heat pump, and smart thermostat rebate programs for TEC members.
• Touchstone Energy CooperativescoreGTM or Marketing PartnerNational brand partnership providing Co-op Connections program and cooperative branding resources. TEC participates in the national cooperative marketing and member discount programs.
• National Rural Electric Cooperative Association (NRECA)minorOthersNational trade association membership providing advocacy, resources, and industry support for electric cooperatives.
• Washington Rural Electric Cooperative Association (WRECA)minorOthersState-level trade association for Washington rural electric cooperatives providing advocacy and resources.
• Northwest Public Power Association (NWPPA)minorOthersRegional trade association for public power utilities in the Northwest providing training and advocacy.
• EMPOWER YOUTHminorOthersPartnership for scholarship awards to students pursuing STEM degrees.
• HopeLinkminorOthersKing County energy assistance program serving Snoqualmie Valley TEC members at (425) 658-2592.
• Salvation ArmyminorOthersEnergy assistance provider for both King County (425-452-7300, 425-698-3180) and Pierce County (253-798-4328) TEC members, with access to TEC Round Up Program funds.
• Sound OutreachminorOthersPierce County financial coaching and assistance organization helping TEC members experiencing low/fixed incomes with financial security services.
• Pierce County Veterans AssistanceminorOthersVeterans assistance program serving Pierce County TEC members at (253) 798-7449.
• King County Veterans BureauminorOthersVeterans assistance program serving King County TEC members at (206) 296-7656.
• Ruralite MagazineminorOthersRegional magazine reaching 315,000+ homes monthly, providing customized content for TEC to communicate with members about important issues and programs.
• Co-op Connections Program PartnersminorChannel Partner/ Reseller/ DistributorNational network of businesses offering member discounts through the Co-op Connections program covering health, wellness, travel, entertainment, marketplace, and local deals.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Snohomish County PUD: Public utility district serving Snohomish County in Washington State, including electric distribution to ~360,000 meters. Comparable as a Pacific Northwest distribution utility with hydro-based power supply and similar regulatory environment, though at much larger scale.

Direct peers

• Mason County PUD 3: Small Washington State PUD providing electric distribution to a rural community similar in scale and operating model to Tanner Electric. Direct comparable as a small distribution utility in the Pacific Northwest with residential and commercial member/customer base.
• Orcas Power & Light Cooperative: Member-owned electric cooperative serving San Juan Islands in Washington State. Closest direct comparable to Tanner Electric as a small rural electric cooperative with island geography, BPA hydro power supply, and similar member-focused service model.
• Clallam County PUD: Washington State PUD serving the Olympic Peninsula with electric distribution. Comparable as a small-to-mid-sized Pacific Northwest distribution utility operating in rural service territory with residential and commercial customers.
• Benton Rural Electric Association: Distribution-only rural electric cooperative similar in size and operating model to Tanner Electric. Comparable as a small member-owned distribution utility with BPA power supply and similar regulatory framework in the Pacific Northwest.
• Salem Electric: Member-owned electric cooperative serving Salem, Oregon area. Comparable as a small Pacific Northwest distribution cooperative with similar service model, BPA-adjacent power supply, and member-focused operations.
• Cowlitz County PUD: Washington State PUD providing electric distribution to Cowlitz County. Comparable as a small-to-mid Pacific Northwest distribution utility serving residential and commercial customers in a similar regulatory framework.

Broad incumbents

• Puget Sound Energy: Largest investor-owned utility in Washington State serving electric and natural gas customers. While much larger and IOU rather than cooperative, PSE directly competes in overlapping territories and has historical power supply relationship with Tanner Electric.
• Pacific Power: Investor-owned utility serving Washington, Oregon, and other western states with electric distribution. Broader incumbent comparable as a Pacific Northwest electric utility with similar service territory characteristics and regulatory environment.

Others

• Touchstone Energy Cooperatives: National brand cooperative that Tanner Electric is a member of, providing Co-op Connections program and shared branding. Relevant as an ecosystem participant providing marketing, member benefits, and operational support to TEC and similar cooperatives.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tannerelectric
• Facebookfacebook.com/TEC7200
• Instagraminstagram.com/tannerelectriccoop
• LinkedInlinkedin.com/company/tanner-electric-cooperative

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Tanner Electric