Southern Indiana Power

What Southern Indiana Power does

Southern Indiana Power is a member-owned, not-for-profit electric cooperative founded in 1939 and headquartered in Tell City, Indiana. The cooperative distributes electricity to approximately 10,000 residential, commercial, and agricultural members across Perry, Spencer, and Dubois Counties in Indiana, maintaining over 1,600 miles of power lines and 10 substations. The underlying technology stack includes automated metering infrastructure (AMI) that minimizes truck rolls and enables outage detection, a GIS-based outage management system accessed by line crews via iPads, and a third-party SmartHub web and mobile application (iOS/Android) for member account management. Power is sourced wholesale from Hoosier Energy, which accounts for 70-75% of the cooperative's operating costs and is passed through to members via a Wholesale Power Cost Adjustment tracker.

The cooperative's revenue model is cost-of-service based: members pay regulated monthly rates comprising a Facilities Charge, Energy Charge (per kWh), and applicable Demand Charge and WPCA adjustments. As a not-for-profit, any operating margins are returned to members as capital credits (over $7 million distributed since 2012). In 2019, Southern Indiana Power expanded its product surface by partnering with Perry-Spencer Rural Telephone Cooperative (PSC) to deploy fiber-to-the-home broadband across the service territory, funded by approximately $34.75 million in combined federal loans (RUS, CFC), state grants (Indiana Next Level Connections), and county matching funds. The cooperative also offers energy efficiency rebates, Operation Round Up community giving, youth programs, air medical transport membership, and tree trimming services. The go-to-market motion is sales-led through regulated service agreements with members, supported by the website, SmartHub app, social media, Indiana Connection magazine, and community events.

Name

Southern Indiana Power

Legal name

Southern Indiana Power

Website

https://southernindianapower.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Southern Indiana Power is a member-owned, not-for-profit electric cooperative founded in 1939 that distributes electricity to approximately 10,000 members across Perry, Spencer, and Dubois Counties in Indiana, with supplemental fiber broadband delivered via partnership with PSC.

Ownership category

akta.pro rank

Headquarters

HQ city

Tell City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Distribution Service: Southern Indiana Power operates as a not-for-profit electric cooperative, providing electricity distribution to approximately 10,000 residential and commercial members. Revenue is generated through regulated electricity rates that cover the cost of power supply (approximately 70-75 cents of every dollar goes to Hoosier Energy for power supply), distribution costs, and operational expenses. As a cooperative, any profit is assigned back to members in the form of capital credits.
2. Broadband Internet Service: Through the partnership with PSC, Southern Indiana Power provides fiber-to-the-home broadband access to underserved members, with PSC providing service to end consumers over Southern's fiber infrastructure.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Southern Indiana Power is a member-owned not-for-profit electric cooperative providing electricity distribution to approximately 10,000 residential, commercial, and agricultural members across Perry and Spencer Counties in Indiana. The cooperative operates more than 1,600 miles of power lines and 10 substations, sources wholesale power from Hoosier Energy, and complements its core utility service with fiber-to-the-home broadband delivered in partnership with Perry-Spencer Rural Telephone Cooperative (PSC), energy efficiency rebate programs, air medical transport membership, and community giving programs such as Operation Round Up.

Product overview

Southern Indiana Power operates as a member-owned electric cooperative providing power distribution to approximately 10,000 members across Perry and Spencer Counties in Indiana. The cooperative's product portfolio centers on its core electric utility service, complemented by digital account management through SmartHub, high-speed fiber broadband internet (delivered via partnership with PSC), energy efficiency rebate programs, community giving through Operation Round Up, youth development programs (Youth Tour and Camp Kilowatt), air medical transport membership, and tree trimming services. The cooperative sources power from Hoosier Energy and maintains approximately 1,600-1,700 miles of distribution lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Power Distribution Core electricity distribution service delivering power over more than 1,600 miles of distribution lines and 10 substations to approximately 10,000 residential, commercial, and agricultural members in Perry and Spencer Counties, Indiana. Wholesale power is sourced from Hoosier Energy and delivered to member-owners at regulated rates through residential service agreements.
• SmartHub Web and mobile (iOS and Android) account management application that enables cooperative members to pay bills, view billing history, track energy usage trends, report service issues, and receive notifications including usage threshold alerts.
• High-Speed Fiber Internet Fiber-to-the-home (FTTH) broadband internet service providing gigabit-speed connectivity. Southern Indiana Power owns the mainline fiber and drops, while PSC owns the fiber huts, splitter cabinets, and associated electronics and provides retail broadband service to end consumers over Southern's fiber infrastructure.
• Air Evac Membership Air medical transport membership covering the entire household if flown by Air Evac Lifeteam or AirMedCare Network (AMCN) participating providers for life- or limb-threatening emergencies, available for as little as $5 per month billed on the member's electric bill.
• Energy Efficiency Rebates Rebate program offering financial incentives to residential members on qualifying energy-efficient equipment, including $500 for heat pump or hybrid water heaters, $1,500 for geothermal heat pumps, $750-$1,500 for air source or dual fuel heat pumps, $300-$1,500 for mini-split heat pumps, and 50% (up to $50) on qualifying electric outdoor equipment such as lawn mowers, trimmers, leaf blowers, chain saws, snowblowers, rototillers, and pressure washers.

Quantifiable outcome

• Rate stability of 20 cents per month average increase over 10 years
• +3 more outcomes

Named customers1 record

Segments1 record

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

Three partnerships are on record, tiered core.

• Perry-Spencer Rural Telephone Cooperative (PSC)coreStrategic or Co-development Partner · 1 January 2019Southern Indiana Power and PSC formed a partnership in 2019 to bring fiber-to-the-home broadband to all Southern Indiana Power members. Southern owns the mainline fiber and drops, while PSC owns the fiber huts, splitter cabinets, and associated electronics. PSC provides service to end consumers and leases the fiber network from Southern. The project serves approximately 4,000 underserved members (50% of Southern's territory) with gigabit-speed internet.
• Indiana Next Level ConnectionscoreStrategic or Co-development PartnerIndiana's state broadband initiative provided a $6.5 million grant to deploy broadband to unserved members in two counties as part of the fiber-to-the-home project.
• Hoosier EnergycoreStrategic or Co-development PartnerHoosier Energy is Southern Indiana Power's wholesale power supplier, providing electricity that represents approximately 70-75% of Southern's annual operating costs. Southern purchases power from Hoosier Energy and passes costs through to members via the Wholesale Power Cost Adjustment (WPCA) tracker.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Jackson County REMC: Indiana rural electric distribution cooperative serving a comparable small-member base in southern Indiana with analogous electric distribution, broadband-over-coax partnerships, and not-for-profit member-owned structure.
• Bartholomew County REMC: Member-owned Indiana distribution cooperative delivering electricity and value-added services (broadband, energy efficiency) to residential members under the same regulatory and cooperative model.
• Harrison County REMC: Southern Indiana rural electric cooperative operating a similar distribution and member-ownership model; comparable scale and service-territory economics make it a benchmark peer.
• Daviess-Martin County REMC: Southwestern Indiana distribution cooperative with overlapping broadband initiatives and similar reliance on Hoosier Energy as wholesale power supplier.
• Orange County REMC: Adjacent Indiana member-owned distribution cooperative serving a similar rural residential base, providing directly comparable operating economics and capital structures.
• Tipmont REMC: Indiana rural electric cooperative that also deploys fiber broadband and operates under the same cooperative governance and Hoosier Energy power-supply framework.
• NineStar Connect: Indiana rural cooperative offering electricity plus fiber-to-the-home under a unified member-owned structure, making it a directly comparable multi-utility peer to SIP's hybrid model.

Broad incumbents

• Hoosier Energy: Generation-and-transmission cooperative that serves as SIP's wholesale power supplier under long-term contracts; broader scale and overlapping geography but a different layer of the value chain.
• Duke Energy Indiana: Investor-owned utility serving neighboring Indiana territories with regulated electric distribution and generation, illustrating the broader incumbent model SIP is contrasted against.

Others

• Perry-Spencer Rural Telephone Cooperative (PSC): Adjacent Indiana rural telco that partners with SIP to deliver broadband services over the cooperative's fiber plant; not a competitor but a tightly coupled infrastructure partner.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SouthernIndianaPower

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Southern Indiana Power