Hopkinsville Electric System

What Hopkinsville Electric System does

Hopkinsville Electric System (HES) is a municipal not-for-profit electric and broadband utility established in 1942 by Kentucky statute and city ordinance, headquartered in Hopkinsville, Kentucky. Governed by a five-member board appointed by the Mayor of Hopkinsville and led by its fourth General Manager, Jeff Hurd, P.E., HES employs approximately 53 people and operates across 9+ counties in western Kentucky including Christian, Todd, Trigg, Caldwell, Logan, Lyon, Muhlenberg, and Hopkins (Hopkinsville) counties. As a municipally owned corporation, HES has no external shareholders and reinvests operating margin into service territory infrastructure and community programs.

Name

Hopkinsville Electric System

Legal name

Hopkinsville Electric System

Website

https://hop-electric.com

Company type

Private

Founded year

1942

Operating status

Operating

Headcount range

51–100 employees

Short description

Hopkinsville Electric System is a municipal not-for-profit utility serving western Kentucky with electric distribution (purchased from TVA), fiber-to-the-home internet, phone, and complementary energy and community programs for residential, commercial, and industrial customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Hopkinsville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Electric Distribution: HES purchases electricity from TVA and distributes it to residential customers. Revenue generated through monthly customer charges and kilowatt-hour consumption charges. Rates regulated and approved by TVA.
2. Commercial Electric Distribution: Business electric service with tiered rate structures (GSA-1, GSA-2, GSA-3) based on demand and consumption levels. Revenue from demand charges and energy charges.
3. Fiber Internet Service (energynet): Residential and business fiber internet service sold as standalone or bundled with electric service. Monthly subscription pricing starting at $59.95 for residential. Includes whole-home WiFi, unlimited data, and 24/7 support.
4. Phone Services: Residential and business voice/phone services offered as part of bundled offerings or standalone.
5. Security Lighting: Pole-mounted security lighting for residential and commercial properties. Monthly recurring charges plus construction/installation fees.
6. Solar Interconnection Review Services: Engineering review and inspection services for customer solar installations. One-time $850 engineering fee for solar interconnection approval.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Hopkinsville Electric System is a municipal not-for-profit utility that purchases electricity from the Tennessee Valley Authority (TVA) and distributes it to residential and commercial customers across western Kentucky. The company also operates the energynet fiber internet and phone service, providing fiber-to-the-home gigabit connectivity, residential and business voice telephone, and bundled utility services to over 4,000 Hopkinsville residents and businesses.

Product overview

Hopkinsville Electric System (HES) is a municipal not-for-profit corporation that operates as a unified platform-plus-modules offering across three core service areas: electric utility, internet/telecommunications, and community programs. The primary offerings include: (1) Residential and business electric service purchasing power from TVA with various rate structures (GSA-1, GSA-2, GSA-3) for demand-based billing; (2) energynet-branded fiber internet services providing fiber-to-the-home (FTTH) residential and business connectivity at gigabit speeds up to 1 Gbps, plus landline phone services; (3) Energy management programs including Pay-as-you-go prepaid billing, Levelized Billing, and Solar interconnection; (4) Community support initiatives including Project SHARE, L.U.V. Program, customer scholarships, and safety education. The electric service is regulated by TVA with rates requiring TVA approval. The internet division (energynet) was created in 1999 and has expanded from business-only to residential fiber service city-wide. Key infrastructure initiatives include AMI smart meter deployment and ongoing fiber network expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Electric Service Electricity distribution service for residential customers, purchasing power from Tennessee Valley Authority (TVA). Includes monthly billing with customer charges and per-kWh consumption charges plus TVA fuel cost adjustments; effective rates include a $35.46 monthly customer charge and total kWh rate of $0.10275.
• Business Electric Service Electricity distribution for commercial and industrial customers using tiered demand-based rate structures: GSA-1 for demand under 50 kW, GSA-2 for 50-1,000 kW, and GSA-3 for 1,001-5,000 kW, with separate customer, demand, and energy charges per tier.
• energynet Fiber Internet (Residential) Fiber-to-the-home residential internet service offering gigabit speeds up to 1 Gbps with symmetrical upload/download speeds, whole-home WiFi, unlimited data, and 24/7 support; packages start at $59.95/month.
• energynet Business Internet Fiber optic business internet service offering high-speed, reliable connectivity for commercial operations across Hopkinsville, Oak Grove, Elkton, Cadiz, and surrounding areas.
• Home Phone Service Residential landline telephone service from energynet with local and long-distance calling options, available standalone or bundled with fiber internet.
• Business Phone Service Business landline telephone services for commercial customers with various calling features.
• Pay-As-You-Go Electric Service Prepaid electricity service allowing customers to load money into their account with daily usage deducted; includes text/email balance notifications, no credit check, no late or reconnection fees, and deposit waiver. Customers can fund via office, online, phone, or MoneyGram locations.
• Security Lighting Service Pole-mounted LED security lighting for homes and businesses in multiple wattages (65W-200W LED) with fixed monthly charges ranging from $9.48 to $19.75 plus $20 construction fees; additional pole rental at $3.00/month plus $100 construction.
• Solar Power Interconnection Program Program assisting customers with solar panel installation including interconnection agreement approval, $850 engineering review, inspection, and commissioning of customer solar arrays.
• Lifeline Discount Service Federal and state program providing monthly discounts on broadband and/or phone service for qualifying low-income consumers, up to $12.75/month with voice and internet or $9.25/month for broadband-only.
• Levelized Billing Program Billing program that averages monthly bills using current usage and past 12 months to create stabilized monthly payments without yearly reconciliation.
• HES Solar Array Generation 16 kW solar array installed September 2015 that produces electricity purchased by TVA and put onto the grid for use by any HES customer.

Quantifiable outcome

• 11% reduction in electricity usage for Pay-As-You-Go customers compared to monthly billing
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Pennyrile Rural Electric Cooperation (Pennyrile Electric)coreStrategic or Co-development Partner · 18 November 2020Partnership to expand energynet fiber internet service to Cadiz and Trigg County residents. HES provides fiber internet expertise and infrastructure while Pennyrile Electric provides access to their service territory and existing relationships with their members/customers in southwestern Kentucky.
• Tennessee Valley Authority (TVA)coreOthersTVA is both the power supplier for all electricity distributed by HES and the regulatory agency that approves all HES electric rates and prescribes business practices. HES purchases power through a renewable 20-year contract. TVA serves 153 local power companies and approximately 9 million people across 7 states.
• Thrive Creative GroupminorImplementation/ SI/ Consulting PartnerWebsite design and development agency that manages and maintains the HES/energynet website. Has access to Google Analytics and Google AdWords data under the company's privacy policy requirements.
• City of HopkinsvillecoreStrategic or Co-development PartnerPartnership for Project Shine LED street light conversion across the service area. HES is converting all street lights to energy-efficient LED fixtures in coordination with the city, providing safety, health, infrastructure, and efficiency benefits.

Scale indicators9 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• Bowling Green Municipal Utilities (BG Fiber): Kentucky municipal utility offering electric, water, and fiber internet services (BG Fiber Net) to Bowling Green. Comparable as another Kentucky municipal utility operating fiber-to-the-home alongside electric distribution.
• EPB (Electric Power Board of Chattanooga): Municipal electric utility in Tennessee that also operates one of the largest community-owned gigabit fiber networks (EPB Fiber Optics). Most directly comparable to HES/energynet in combining municipal electric distribution with FTTH broadband.
• Frankfort Plant Board: Municipal utility in Frankfort, Kentucky operating electric, water, and fiber/broadband services. Comparable Kentucky municipal utility with a combined electric and fiber internet offering similar in structure to HES/energynet.
• CDE Lightband (Clarksville Department of Electricity): Municipal electric utility serving Clarksville, Tennessee that also provides fiber internet, phone, and video services under the CDE Lightband brand. Closely mirrors HES's electric-plus-broadband municipal model in a neighboring TVA-served market.
• Paducah Power System: Municipal electric utility serving Paducah, Kentucky. Comparable as a Kentucky municipal electric distributor purchasing wholesale power and operating under similar state statutory framework as HES.
• Glasgow EPB (Glasgow Electric Plant Board): Municipal electric utility serving Glasgow, Kentucky that has also deployed fiber broadband services. Comparable small Kentucky municipal utility pursuing the same electric-plus-fiber strategy as HES.
• Owensboro Municipal Utilities: Municipal utility providing electric, water, and wastewater services in Owensboro, Kentucky. Comparable as a Kentucky municipal utility peer with similar regulatory environment and TVA wholesale supply structure.

Broad incumbents

• Longmont Power & Communications: Municipal electric and communications utility in Longmont, Colorado offering fiber gigabit internet alongside electric distribution. Comparable as an established municipal electric-plus-fiber utility that has scaled broadband as a meaningful business line.
• Murfreesboro Electric Department: Municipal electric utility serving Murfreesboro, Tennessee, with growing fiber internet services. Comparable TVA-region municipal utility pursuing electric-plus-broadband strategy at a larger scale than HES.

Regional players

• Pennyrile Rural Electric Cooperative: Rural electric cooperative serving western Kentucky and active HES partner for energynet fiber expansion into Trigg County. Comparable as a TVA-served distribution utility with overlapping geography and a counterparty in HES's broadband growth strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HopElectric
• Facebookfacebook.com/HESEnergyNet
• LinkedInlinkedin.com/company/hopkinsville-electric-system

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Hopkinsville Electric System