What Henry County REMC does

Henry County REMC is a not-for-profit, member-owned electric distribution cooperative headquartered in New Castle, Indiana. Incorporated in 1936, it acquires, distributes, and bills electricity to more than 7,780 residential, commercial, industrial, and agricultural members across Henry County and parts of seven surrounding Indiana counties (Fayette, Rush, Hancock, Delaware, Madison, Randolph, and Wayne), maintaining more than 1,230 miles of overhead and underground distribution line. As a cooperative operating under the seven cooperative principles, it is governed by an elected board of directors, pays out excess revenues as capital credits to members, and reinvests in the community through charitable programs.

Its core product is electric distribution service, delivered through directly owned physical infrastructure and supplemented by member-facing digital tools — primarily the SmartHub web and mobile platform (a NISC-built account-management, bill-pay, outage-reporting, and usage-tracking application) and a real-time Outage Map. Additional products include new-construction service installation, non-permanent / temporary service, prepaid and budget billing options, an Automatic Payment Plan, capital-credits patronage refunds, tree-trimming vegetation management, a utility construction map, energy-efficiency rebates, EV registration and rebates, distributed-generation / net-metering support, a Kill-A-Watt meter loaner program, and member-assistance / LIHEAP pathways. Generation and transmission is procured through the G&T cooperative Hoosier Energy, with which the cooperative also co-hosts educational programming such as Solar Energy Seminars.

Revenue is generated primarily through recurring monthly electric-distribution charges based on kWh consumption plus fixed components, supplemented by one-time fees (a $25 refundable membership fee, case-by-case new-service installation charges, and prepaid-activation fees), capital-credit retirement distributions, and community-program funding rounds. Go-to-market is direct-to-consumer within its assigned franchise territory, with member acquisition through residential and commercial applications, community outreach, youth initiatives, and local economic development partnerships. The cooperative is exempt from SEC public-company disclosure and does not publish revenue; it is owned 100% by its members and is not a target of M&A or capital-raising activity.

Name

Henry County REMC

Legal name

Henry County Rural Electric Membership Corporation

Website

https://hcremc.com

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

11–50 employees

Short description

Henry County REMC is a member-owned, not-for-profit electric distribution cooperative founded in 1936, serving over 7,780 residential, commercial, and agricultural members across eight Indiana counties through 1,230+ miles of distribution line and the SmartHub member platform.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122), 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

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Residential DER Aggregation & VPPs (Solar+Storage, Smart Home, Community) (EUAFAHAA)

Keywords

• Electric distribution services
• Member-owned cooperative
• Rural electric utility
• Energy assistance programs
• Outage management services

Headquarters

HQ city

New Castle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Distribution Service: Core revenue from electricity distribution to over 7,780 residential and commercial members across 8 Indiana counties. Members pay monthly for electric service based on usage (kWh) plus fixed charges.
2. Membership Fees: $25 refundable membership fee required for new service applicants. Refunded upon termination of membership minus any outstanding balances owed to the cooperative.
3. New Service Installation: Fees for new service installations determined on a case-by-case basis. Costs vary based on location, required equipment, and infrastructure needs.
4. Capital Credits: Not-for-profit cooperative model where revenues exceeding costs are allocated to members as capital credits and eventually retired.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Henry County REMC distributes electricity to over 7,780 residential, commercial, industrial, and agricultural members across eight Indiana counties through an assigned service territory covering 1,230+ miles of power line. The cooperative supplements core distribution with member-facing services including SmartHub online account management, prepaid and budget billing, new construction service connections, tree trimming, outage reporting, energy efficiency and EV programs, renewable energy support, and capital credit allocations. Community programs such as Operation Round Up, youth programs, scholarships, and the Power Swing Classic golf fundraiser are funded by and offered to members.

Product overview

Henry County REMC is a member-owned electric utility cooperative providing electricity distribution services to residential, commercial, and industrial customers. The cooperative operates as a single unified service (electricity distribution) supplemented by member-facing platforms and programs. Core electricity service is delivered through the SmartHub web portal and mobile app for account management, bill payment, and outage reporting. Additional services include prepaid electric service, budget billing, new construction service, tree trimming, and capital credits. Community programs include Operation Round Up, youth programs (Summer Cooperative Camp, scholarships), energy efficiency and EV programs, renewable energy support, and the annual Power Swing Classic fundraiser.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Distribution Service
• SmartHub Online Account Management
• Prepaid Electric Service
• Budget Billing
• Automatic Payment Plan (APP)
• New Construction Service
• Non-Permanent Service
• Tree Trimming
• Capital Credits
• Outage Center and Outage Map
• Energy Efficiency Programs
• Electric Vehicle (EV) Programs
• Renewable Energy and Distributed Generation

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

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Hoosier EnergycoreStrategic or Co-development PartnerGeneration and transmission cooperative that supplies power to Henry County REMC and other member cooperatives throughout southern and central Indiana. Provides the HEATS (Apprenticeship Training and Safety) programs for employee development and has facilitated power supply agreements including restart of the Palisades Nuclear Generating Station.
• Surge DevelopmentminorStrategic or Co-development PartnerDeveloper of proposed technology park within Henry County REMC's service territory. The cooperative has communicated with Surge Development and Hoosier Energy regarding the project, maintaining a neutral position while being legally obligated to provide electric service within their assigned territory.
• Why ElectrifyminorGTM or Marketing PartnerEnergy solutions resource platform. Henry County REMC hosts Why Electrify content on their website and directs members to this resource for energy solutions and information.
• Indiana Electric Cooperatives (IEC)coreStrategic or Co-development PartnerState association providing resources, training, safety programs, and advocacy for Indiana's electric cooperatives. Coordinates youth programs, legislative initiatives, and cooperative education. Henry County REMC participates in IEC-organized programs including Youth Power & Hope Awards, Page Day, and Youth Tour.
• National Rural Electric Cooperative Association (NRECA)coreStrategic or Co-development PartnerNational association serving America's electric cooperatives. Provides training, advocacy, research, and insurance services. Offers Credentialed Cooperative Director (CCD) certification program for cooperative board members. Henry County REMC Director Mike Reynolds earned CCD certification through NRECA.
• SmartHubcoreTechnology or IntegrationOnline bill pay and account management platform provided by NISC (National Information Solutions Cooperative). Enables members to view bills, make payments, track usage, and report outages through web and mobile applications.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Others

• NRECA (National Rural Electric Cooperative Association): National trade association providing training, advocacy, and shared services to U.S. electric cooperatives including HCREMC - relevant ecosystem-level peer for benchmarking cooperative governance, insurance, and shared-service economics.

Direct peers

• Tipmont REMC: Indiana rural electric membership cooperative serving members in Tippecanoe and surrounding counties with electric distribution and broadband services - directly comparable in structure, regulatory framework, and member service model.
• Pedernales Electric Cooperative: Large Texas-based rural electric distribution cooperative serving members across a multi-county territory - comparable in member-owned cooperative structure, capital credits distribution, and community-investment programs.
• RushShelby Energy: Rural electric cooperative serving Rush and Shelby counties in Indiana (adjacent to HCREMC's territory), with a similar member base size, capital credits program, and Hoosier Energy power-supply relationship.
• Jackson County REMC: Indiana-based rural electric cooperative with comparable scale and member-owned structure serving rural southern Indiana - similar operating model, G&T supplier relationship, and community-program orientation.
• Clark County REMC: Indiana rural electric cooperative serving Clark and surrounding counties with electric distribution and fiber broadband - structurally and operationally comparable peer operating under the same Indiana regulatory regime.

Broad incumbents

• Hoosier Energy: Generation and transmission cooperative that supplies HCREMC's wholesale power and serves member distribution co-ops across southern and central Indiana - relevant for power-supply benchmarking, rate structures, and innovation programs.

Regional players

• Corn Belt Energy Corporation: Illinois-based rural electric cooperative with similar scale, member-owned model, and distribution-utility focus - useful benchmark for off-territory comparables operating under different state regulatory frameworks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/henrycountyremc
• Facebookfacebook.com/HenryCountyREMC
• LinkedInlinkedin.com/company/henry-county-remc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Henry County REMC