Corn Belt Power Cooperative

What Corn Belt Power Cooperative does

Corn Belt Power Cooperative is a member-owned generation and transmission (G&T) electric cooperative headquartered in Humboldt, Iowa, founded in 1947 and operating across 41 counties in northern Iowa. The cooperative sells 100% of its own generation output to Basin Electric Power Cooperative under a long-standing Class A all-supplemental-requirements arrangement, and purchases back from Basin all power above its hydropower allocation and an original 50 MW contract. Its generation portfolio consists of one wholly owned natural gas/fuel oil plant, a co-owned natural gas combustion turbine, joint ownership of three coal-fired power plants, plus hydroelectric and wind energy resources.

The cooperative owns and operates more than 1,700 miles of high-voltage transmission line, 149 distribution substations, and 36 switching stations, supported by 30+ microwave towers and a 24-hour staffed System Control Center. Service crews are based at Humboldt headquarters and at Hampton and Emmetsburg service centers. Corn Belt Power supplies power to nine member distribution electric cooperatives — Boone Valley, Butler County REC, Calhoun County, Franklin REC, Grundy County REC, Iowa Lakes, Midland Power, Prairie Energy, and Raccoon Valley — plus the North Iowa Municipal Electric Cooperative Association (NIMECA), reaching farm members, rural residences, small towns, and commercial and industrial members.

The cooperative operates on a not-for-profit, cost-of-service basis with approximately 90 employees and $458 million in total assets, and reports 99.99% reliability figures. It is part of the national Touchstone Energy brand and supplements its core G&T business with Development Finance programs (Revolving Loan Fund, Joint Venture Fund, USDA Loan Guarantee Program) and Energy Management services (thermographic studies, energy audits, power quality studies). Strategic partnerships with Basin Electric, the Iowa Area Development Group, and USDA Rural Development underpin both power supply and rural economic development activities.

Name

Corn Belt Power Cooperative

Legal name

Corn Belt Power Cooperative

Website

https://cbpower.coop

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

101–250 employees

Short description

Corn Belt Power Cooperative is a member-owned generation and transmission electric cooperative headquartered in Humboldt, Iowa, operating 1,700+ miles of high-voltage transmission and supplying power to nine member distribution cooperatives and NIMECA across 41 northern Iowa counties. Founded in 1947.

Ownership category

akta.pro rank

Product category

Electric Power Generation and Transmission

NAICS

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

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Electric cooperative
• Generation transmission
• Wholesale power supply
• Rural electrification
• Energy management

Headquarters

HQ city

Humboldt

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electric Power Sales: Corn Belt Power sells all of its generation output to Basin Electric Power Cooperative. As a Class A all supplemental requirements member of Basin Electric, Corn Belt Power buys from Basin Electric all of its power needs above its hydropower allocation and an original 50 megawatt contract with Basin.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Corn Belt Power Cooperative is a generation and transmission (G&T) electric cooperative that produces electricity from a diversified mix of coal, natural gas, fuel oil, hydroelectric, and wind sources, and delivers it through more than 1,700 miles of high-voltage transmission lines to nine member distribution rural electric cooperatives and one municipal electric cooperative (NIMECA) across 41 counties in northern Iowa. In addition to wholesale power supply, the cooperative provides Development Finance programs and Energy Management services (thermographic studies, energy audits, power quality studies) to support business and industrial members in its service territory.

Product overview

Corn Belt Power Cooperative operates as a generation and transmission (G&T) electric cooperative providing power to nine member distribution electric cooperatives and one municipal electric cooperative (NIMECA) across 41 counties in northern Iowa. The cooperative's core offerings include power generation from coal, natural gas, fuel oil, hydro, and wind sources, and high-voltage transmission infrastructure spanning over 1,700 miles. The product portfolio includes Generation and Transmission services, Transmission Services, Development Finance programs (Revolving Loan Fund, Joint Venture Fund, USDA Loan Guarantee Program), and Energy Management services (thermographic studies, energy audits, power quality studies). The cooperative sells all generation output to Basin Electric Power Cooperative and purchases power needs from them as a Class A all-requirements member.

Differentiator

Problem solved

Functional benefit

Products and services

• Corn Belt Power Generation and Transmission Wholesale generation and high-voltage transmission service providing electricity from coal, natural gas, fuel oil, hydro, and wind sources to nine member distribution electric cooperatives and one municipal electric cooperative across 41 counties in northern Iowa.
• Transmission Services High-voltage transmission service operating more than 1,700 miles of transmission line, 159 substations, 45 switching stations, and 30+ microwave towers with a 24-hour System Control Center, delivering power across northern Iowa.
• Development Finance Financial assistance programs including the Revolving Loan Fund, Joint Venture Fund, and USDA Loan Guarantee Program, providing financial expertise and funding for business and industry growth within 25 counties in North Central Iowa.
• Energy Management Advanced energy solutions for business customers including thermographic studies, energy audits, power quality studies, and technical research services.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• Basin Electric Power CooperativecoreStrategic or Co-development PartnerCorn Belt Power sells all of its generation output to Basin Electric Power Cooperative in Bismarck, North Dakota. As a Class A all supplemental requirements member, Corn Belt Power buys from Basin Electric all of its power needs above its hydropower allocation and an original 50 megawatt contract with Basin. This is a long-standing G&T cooperative relationship.
• Touchstone EnergycoreStrategic or Co-development PartnerCorn Belt Power is part of the national Touchstone Energy brand, committed to providing superior services at affordable rates. These cooperatives value integrity, accountability, innovation and commitment to community. Touchstone Energy cooperatives are owned and governed by the people they serve.
• Iowa Area Development Group (IADG)supportingStrategic or Co-development PartnerCorn Belt Power partners with IADG for business development and economic development efforts in the region. IADG provides target industry information and development finance resources.
• Member Distribution CooperativescoreChannel Partner/ Reseller/ DistributorNine distribution rural electric cooperatives (Boone Valley, Butler County, Calhoun County, Franklin, Grundy County, Iowa Lakes, Midland Power, Prairie Energy, Raccoon Valley) and one municipal electric cooperative (NIMECA) that distribute power to end customers.

Scale indicators6 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• Associated Electric Cooperative: Associated is a regional G&T cooperative serving member systems across Missouri, Iowa, and surrounding states with owned generation and high-voltage transmission. Highly comparable generation-and-transmission cooperative structure and member-ownership model.
• Basin Electric Power Cooperative: Basin Electric is the wholesale power supplier to which Corn Belt Power sells 100% of its generation output and from which it buys back all supplemental requirements. Both are generation-and-transmission cooperatives serving rural members across the upper Midwest with a comparable coal/gas/wind mix.
• Sho-Me Power Electric Cooperative: Sho-Me Power is a Missouri-based generation and transmission cooperative providing wholesale power and transmission to member distribution cooperatives. Comparable scale, generation mix, and member-cooperative governance structure.
• East River Electric Power Cooperative: East River is a South Dakota-based generation and transmission cooperative providing wholesale power and transmission services to member distribution systems. Directly comparable in business model, scale, Basin Electric relationship, and rural-member focus.
• Northwest Iowa Power Cooperative (NIPCO): NIPCO is an Iowa-based G&T cooperative delivering wholesale power to distribution members in the same Touchstone Energy network. Highly comparable in scale, member-owned structure, generation mix, and Iowa-centric service territory.
• Central Iowa Power Cooperative (CIPCO): CIPCO is an Iowa-based generation and transmission cooperative serving member distribution cooperatives with a similar mix of generation assets and high-voltage transmission infrastructure. Comparable geography, member-cooperative model, and reliance on Basin Electric wholesale arrangements.

Emerging players

• Iowa Lakes Electric Cooperative: Iowa Lakes is one of the nine member distribution cooperatives that distributes Corn Belt Power's electricity to end customers in northern Iowa. Comparable Touchstone Energy membership and rural cooperative mission, though operating as a distribution-only utility rather than a G&T.

Broad incumbents

• Tri-State Generation and Transmission Association: Tri-State is a larger generation and transmission cooperative serving distribution members across Colorado, Nebraska, New Mexico, and Wyoming. Broader geography and generation portfolio, but directly analogous G&T cooperative business model.
• PowerSouth Energy Cooperative: PowerSouth is a generation and transmission cooperative serving distribution members across Alabama and Florida with owned generation and transmission assets. Comparable G&T cooperative model with broader regional footprint and larger generation fleet.
• Brazos Electric Power Cooperative: Brazos Electric is a Texas-based generation and transmission cooperative supplying wholesale power to member distribution cooperatives. Directly analogous member-owned G&T structure and reliance on cooperative wholesale arrangements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cornbeltpower
• Facebookfacebook.com/cornbeltpower

Revenue estimate

Valuation estimate

Number of profiles

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 Corn Belt Power Cooperative