Southeastern Indiana Rural Electric Membership Corporation

What Southeastern Indiana Rural Electric Membership Corporation does

Southeastern Indiana Rural Electric Membership Corporation (SEI REMC) is a member-owned, not-for-profit electric distribution cooperative incorporated on April 29, 1939, and headquartered in Osgood, Indiana. It provides electricity to 28,799 electric services across seven southeastern Indiana counties (Dearborn, Franklin, Jefferson, Jennings, Ohio, Ripley, and Switzerland) via 3,479 miles of owned distribution line, with 66% of operating cost dedicated to wholesale power purchased from Hoosier Energy. Generation supply is sourced through Hoosier Energy's portfolio, of which 42% comes from natural gas and renewable sources including wind, solar, hydro, coalbed methane, and landfill gas. Members are simultaneously owners, with voting rights, elected directors across nine districts, and capital credit distributions ($1.5M refunded in 2022; over $30.4M cumulative since 1939).

SEI REMC's product portfolio extends well beyond electric distribution. Through its SEI Fiber sub-brand, the cooperative delivers fiber-optic broadband to 8,379 services over 2,299 miles of fiber, with residential tiers from 100 Mbps ($64.95/month) to 2 Gig ($109.95/month with contract) and commercial packages up to 2 Gig ($349.95/month). Member-facing technology is anchored by the SmartHub web and mobile platform for billing, usage monitoring, and outage reporting. Adjacent offerings include a Generac 22kW generator program, the cross-sell Generator + Gig bundle (up to $420 annual savings), My Solar community solar, smart-thermostat demand response (Connect to Save), Beat the Peak voluntary demand reduction, time-of-day rates, energy advisor consultations, and rebates on heat pumps, water heaters, and HVAC equipment.

Go-to-market is direct-to-member through the cooperative's owned infrastructure, with the SmartHub digital channel and an in-person office. Marketing emphasizes community engagement via the SEI REMC Podcast, REMC Connect digital magazine, Indiana Connection statewide magazine, monthly bill inserts, social channels, and an annual member meeting. The cooperative is led by CEO Keith Mathews and a team of VPs across member services, IT and diversified services, engineering, operations, finance, and communications. Strategic direction is set by a nine-member elected board.

Name

Southeastern Indiana Rural Electric Membership Corporation

Legal name

Southeastern Indiana Rural Electric Membership Corporation

Website

https://seiremc.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Southeastern Indiana REMC is a member-owned, not-for-profit electric cooperative founded in 1939, serving 28,799 electric services and 8,379 fiber internet customers across seven counties in southeastern Indiana with diversified broadband, generator, and energy-efficiency programs.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Rural Broadband & Cooperative Fiber Operators (HDAIACAG), Distribution Network Service Providers (DNSPs) / Regulated Distribution Companies (Ring-fenced DSOs) (EUADABAH)

Keywords

• Electric distribution services
• Fiber internet services
• Electric cooperative utility
• Rural broadband internet
• Energy management programs

Headquarters

HQ city

Osgood

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: Member-owned not-for-profit electric cooperative providing distribution electricity service. Revenue generated through monthly electric service charges to 28,799 electric services across seven counties. Rates set to cover operating costs, loan payments, and maintain emergency reserves.
2. SEI Fiber Internet Service: Fiber optic internet service providing residential and commercial packages ranging from 100 Mbps to 2 Gig speeds. Monthly subscription revenue from 8,379 fiber services.
3. Generator Sales and Installation: Sales and installation of Generac backup generators to members, including 22kW air cooled units with 200 amp transfer switch and 7-year warranty. Members receive discounts on generators.
4. Operation Round Up: Voluntary charitable program where member bills are rounded up to nearest dollar. Funds distributed as grants to community organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels11 records

Core offering

Southeastern Indiana REMC is a member-owned not-for-profit electric cooperative that distributes electricity to 28,799 services across seven southeastern Indiana counties via 3,479 miles of electric line. It also operates SEI Fiber, a fiber-optic internet and voice service with 8,379 subscribers delivered over 2,299 miles of fiber, and supports members with demand-side management, energy efficiency rebates, backup generators, and community programs.

Product overview

Southeastern Indiana Rural Electric Membership Corporation operates as a member-owned distribution cooperative offering a diversified portfolio of utility and broadband services. The core offering consists of electric distribution service across seven southeastern Indiana counties, complemented by SEI Fiber high-speed internet and voice services delivered via fiber-optic infrastructure. Member-facing digital tools include the SmartHub portal for account management, bill payment, and usage monitoring. The cooperative provides demand-side management through load management programs (Beat the Peak, Smart Thermostats/Connect to Save, Time of Day Rate) and the Generator Program for backup power solutions. Energy efficiency is supported through rebate programs for heat pumps, water heaters, HVAC systems, and the My Solar community solar program. Additional services include Operation Round Up charitable giving, youth engagement programs, and streaming TV guidance. The product portfolio integrates electric reliability, broadband connectivity, energy management, and community support into a unified cooperative service model.

Differentiator

Problem solved

Functional benefit

Brands

• SEI Fiber: High-speed fiber-optic internet and voice services provided by Southeastern Indiana REMC to homes and businesses in southeast Indiana.
• SmartHub
• Operation Round Up
• Connect to Save
• Beat the Peak
• My Solar

Products and services

• Electric Service Core electricity distribution service providing power to residential, commercial, and industrial members across seven counties in southeastern Indiana. Includes service initiation, transfers, upgrades, and outdoor lighting.
• SEI Fiber Internet and Voice Service
• Generator Program
• Generator + Gig Bundle
• My Solar Community Solar Program
• Energy Efficiency Rebate Programs
• Time of Day Rate
• Energy Advisor Service
• Youth Programs

Quantifiable outcome

• 42% of generation from natural gas and renewables
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Hoosier EnergycoreStrategic or Co-development PartnerWholesale power supplier providing electricity to SEI REMC. 66% of REMC operating costs go to Hoosier Energy for power purchase. Also partners on My Solar program for member solar installations.
• GeneraccoreTechnology or IntegrationSEI REMC is an authorized Elite Generac Dealer providing backup generators to members. Generac provides equipment, SEI REMC handles sales, installation, and maintenance through certified technicians.
• Cincinnati Zoo and Botanical GardenminorStrategic or Co-development PartnerPartnership allows Cincinnati Zoo to collect tree clippings from SEI REMC operations twice weekly during summer months (June-August). Clippings are washed, freeze-dried, and used to feed zoo animals.
• National Wild Turkey FederationminorStrategic or Co-development PartnerPartnership to plant wildflowers and grasses in SEI REMC right-of-way areas when possible, supporting wildlife habitat.
• Indiana Electric CooperativescoreStrategic or Co-development PartnerStatewide association supporting Indiana electric cooperatives. Partners on Youth Power and Hope Awards, Cooperative Student Art Contest, Youth Tour to Washington, and Camp Kilowatt programs.
• Hoosier Energy (Generation Portfolio)coreTechnology or IntegrationSEI REMC receives 42% of generation capacity from natural gas and renewable sources including wind, solar, hydro, coalbed methane, and landfill gas through Hoosier Energy's diversified generation portfolio.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Others

• Hoosier Energy: Generation and transmission (G&T) cooperative that supplies wholesale power to SEI REMC. Functions as SEI REMC's primary upstream power supplier and partner on community solar, making it an essential counterparty rather than a competitor.

Direct peers

• Decatur County REMC: A neighboring Indiana rural electric membership cooperative serving members across several counties. Closely comparable as a member-owned distribution cooperative with similar scale, member services, and rural Indiana footprint.
• Jackson County REMC: Indiana-based rural electric membership cooperative operating in a similarly rural southern Indiana service territory. Directly comparable structure, scale, and member-owned utility model.
• Whitewater Valley REMC: Indiana rural electric cooperative directly adjacent to SEI REMC's territory in eastern Indiana. Comparable member-owned electric distribution model serving rural households and small businesses.
• RushShelby Energy: Member-owned Indiana electric distribution cooperative serving rural Rush and Shelby counties. Compares on cooperative structure, member services, demand-side programs, and fiber/broadband expansion.
• Tipmont REMC: Indiana member-owned electric cooperative that has expanded into fiber broadband services. Directly comparable business model that pairs electric distribution with high-speed internet to rural members.
• NineStar Connect: Indiana communications and energy cooperative offering electric, fiber broadband, and related services in rural east-central Indiana. Highly comparable integrated electric + fiber utility model.
• Heartland REMC: Indiana rural electric membership cooperative with diversified services and member programs similar to SEI REMC. Comparable scale, member-owned structure, and rural Midwestern service territory.

Broad incumbents

• Duke Energy Indiana: Investor-owned regulated electric utility serving much of central and southern Indiana. Operates in the same broader Indiana regulatory and grid environment but as a large for-profit IOU rather than a co-op.
• Indiana Michigan Power (AEP): Investor-owned regulated electric utility and AEP subsidiary serving parts of central and east-central Indiana. Comparable regulated distribution business but at much larger scale and within a different ownership structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UCwWH73fh1b2TtpcS3-slpZg
• Facebookfacebook.com/SEIREMC
• LinkedInlinkedin.com/company/southeastern-indiana-remc
• Xx.com/seiremc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Southeastern Indiana Rural Electric Membership Corporation