Associated Electric Cooperative

What Associated Electric Cooperative does

Associated Electric Cooperative Inc. (AECI) is a member-owned, not-for-profit wholesale power generation and transmission cooperative founded in 1961 and headquartered in Springfield, Missouri. It generates and transmits wholesale electricity through a three-tiered cooperative system: six G&T (generation and transmission) cooperative member-owners receive wholesale power from AECI, then transmit to 51 distribution cooperatives serving more than 935,000 member meters and approximately 2.1 million people across Missouri, northeast Oklahoma, and southeast Iowa.

The generation fleet is diversified and includes coal-fired baseload facilities (Thomas Hill Energy Center, New Madrid Power Plant), combined-cycle natural gas plants (St. Francis, Chouteau, Dell), simple-cycle peaking units (Unionville, Essex, Holden, Nodaway), 1,240 MW of contracted wind capacity across Kansas, Missouri, and Oklahoma (as of 2020), and a U.S. Department of Energy hydropower allocation. The transmission network spans more than 10,000 miles of high-voltage infrastructure with 230+ interconnections. Two new natural gas-fired simple-cycle peaking energy centers are under construction: Ripley Energy Center (~420-445 MW, ~$520M project cost) in Oklahoma targeting 2026 commercial operation, and Turney Energy Center (~420-445 MW) in Missouri targeting 2027; both feature quick-start capability and hydrogen-ready combustion turbines designed to burn up to a 30% hydrogen blend.

The business model is wholesale power supply priced on a cooperative cost-recovery basis rather than market-based rates; AECI's rates are set by member governance to cover operating costs and maintain financial strength, with investment-grade credit ratings (AA- Fitch, Aa3 Moody's, AA S&P). Revenue also includes off-system sales into adjacent markets when conditions are favorable, and member service programs such as Take Control & Save® (energy efficiency rebates, $74M+ invested since 2008) and Power4Progress (economic development and load-growth support).

Name

Associated Electric Cooperative

Legal name

Associated Electric Cooperative Inc.

Website

https://aeci.org

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Member-owned, not-for-profit wholesale power generation and transmission cooperative founded in 1961, headquartered in Springfield, Missouri, supplying six G&T member-owners and 51 distribution cooperatives serving over 2.1 million people across Missouri, northeast Oklahoma, and southeast Iowa.

Ownership category

akta.pro rank

Product category

Wholesale Electric Power Generation and Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

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

Keywords

• Wholesale power generation
• Electric cooperative services
• Power transmission
• Energy efficiency programs
• Rural electric supply

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Power Supply: As a not-for-profit wholesale power generation cooperative, Associated generates revenue through providing reliable, affordable wholesale electricity to six G&T cooperative member-owners. The cooperative's rates are set to cover costs while maintaining financial strength. Additional revenue comes from off-system sales when market conditions allow.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Associated Electric Cooperative is a member-owned, not-for-profit generation and transmission (G&T) cooperative that generates and supplies wholesale electricity to six regional G&T cooperative member-owners, which in turn serve 51 distribution cooperatives across Missouri, Oklahoma, and Iowa. Its core operations include a diversified generation fleet of coal, natural gas, wind, and hydropower facilities, a 10,000+ mile high-voltage transmission network, energy efficiency programs, and off-system energy sales.

Product overview

Associated Electric Cooperative operates as a member-owned wholesale power generation and transmission cooperative providing electricity to six G&T member-owners and 51 distribution cooperatives across Missouri, Oklahoma and Iowa. The company's generation portfolio includes coal-fired baseload facilities (Thomas Hill Energy Center, New Madrid Power Plant), natural gas combined-cycle plants (St. Francis, Chouteau, Dell), simple-cycle peaking units, and renewable wind energy (1,240 MW contracted capacity). Two new natural gas peaking facilities (Ripley Energy Center 2026, Turney Energy Center 2027) are under construction to maintain reliability during peak demand. Associated also provides energy efficiency programs (Take Control & Save®), economic development services (Power4Progress), and off-system electricity sales. The company does not offer a software product or public API.

Differentiator

Problem solved

Functional benefit

Brands

• Take Control & Save: A suite of energy efficiency services and rebates funded by Associated Electric Cooperative and its member systems that provides financial incentives for member-consumers to save energy.
• Power4Progress

Products and services

• Thomas Hill Energy Center Coal-fired baseload power plant located in Clifton Hill, Missouri, providing steady, continuous electricity to meet minimum demand levels around the clock.
• New Madrid Power Plant Coal-fired baseload power plant located on the banks of the Mississippi River in Marston, Missouri, providing constant electricity to the grid regardless of demand fluctuations.
• St. Francis Power Plant Combined-cycle natural gas power plant located in Glennonville, Missouri, bridging baseload and fluctuating demand, and capable of generating baseload power when natural gas is more affordable than coal.
• Chouteau Power Plant Combined-cycle natural gas power plant located in Pryor, Oklahoma, efficient and able to start generating power quickly, functioning as a bridge between baseload and fluctuating demand.
• Dell Power Plant Dual-fuel combined-cycle natural gas and liquid fuel power plant located in Dell, Arkansas, providing flexibility between fuel types.
• Peaking Power Plants Simple-cycle natural gas or liquid fuel peaking plants (Unionville, Essex, Holden, Nodaway) that provide power during periods of high electricity demand and can start up and shut down quickly.
• Wind Energy Contracted wind power from eight regional wind farms in Kansas, Missouri, and Oklahoma, providing 1,240 MW of contracted wind capacity as of 2020.
• Hydropower Purchased hydropower allocation from the U.S. Department of Energy at locations in Arkansas, Missouri, Oklahoma, and Texas, providing clean baseload generation with set allocation.
• Ripley Energy Center Natural gas-fired simple-cycle combustion turbine peaking facility under construction near Ripley, Oklahoma, providing 420-445 MW of power with quick-start capability reaching full capacity in 13 minutes.
• Turney Energy Center Natural gas-fired simple-cycle combustion turbine peaking facility under construction near Turney, Missouri, providing 420-445 MW of power with quick-start capability.
• Take Control & Save Suite of energy efficiency services and rebates funded by Associated Electric Cooperative and its member systems, providing financial incentives for member-consumers to save energy, including heat pump water heater rebates, commercial energy audits, and business lighting rebate program.
• Power4Progress Economic development initiative providing resources for member cooperatives including key accounts support, residential development loan programs, commercial development, and USDA rural economic development loan assistance.
• Off-system Sales When member load is served and market conditions are favorable, Associated sells excess generation into the marketplace to offset costs that members would otherwise pay.
• Transmission Services High-voltage transmission system spanning 10,000+ miles that delivers power from generation facilities to distribution cooperatives through one of the largest integrated transmission systems in the country.

Quantifiable outcome

• 2.1 million people served across three states
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Charah SolutionscoreStrategic or Co-development Partner · 22 April 2026Partnership to recycle 150,000 tons of fly ash annually through 2026. This environmental stewardship initiative supports Associated's commitment to responsible power generation by recycling coal combustion residuals, reducing landfill waste and environmental impact.

Scale indicators13 records

Recent moves14 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AssociatedEC
• YouTubeyoutube.com/@associatedelectriccoop4483
• LinkedInlinkedin.com/company/associated-electric-cooperative

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Associated Electric Cooperative