Indian Electric Cooperative
Indian Electric Cooperative is a member-owned, not-for-profit electric distribution cooperative founded in 1939, serving approximately 14,000 households and commercial accounts across seven rural Oklahoma counties with electricity distribution and, increasingly, fiber broadband infrastructure leased to Cox Communications.
- Company typePrivate
- Founded1939
- HeadquartersCleveland, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Indian Electric Cooperative does
Indian Electric Cooperative (IEC) is a member-owned, not-for-profit electric distribution cooperative founded in 1939 and headquartered in Cleveland, Oklahoma. The cooperative distributes electricity to approximately 14,000 member households and commercial accounts across seven north-central and northeastern Oklahoma counties: Pawnee, Osage, Creek, Payne, Noble, Kay, and Tulsa. Members are also owners under a one-member-one-vote governance structure, with revenue generated from kWh charges (10 cents per kWh as of April 2026) and a monthly base charge ($40 as of April 2026), plus demand charges for commercial accounts.
IEC's core technology consists of conventional distribution infrastructure — poles, transformers, metering systems, and power lines — combined with the SmartHub customer portal and mobile application for billing, usage monitoring, and outage reporting. An Outage Management System provides real-time outage visualization. Since 2021, the cooperative has expanded into fiber optic infrastructure, building middle-mile fiber in partnership with Cox Communications (announced June 2023), which leases IEC's fiber to deliver retail broadband service to members. This three-year buildout targets all 14,000+ members and has been supported by a $17 million Oklahoma Broadband Office award through ARPA funding.
The cooperative operates under a cost-of-service revenue model characteristic of U.S. electric cooperatives, with approximately 60% of annual costs attributable to purchased power supply from generation and transmission providers. Additional revenue streams include fiber infrastructure leasing to Cox and ancillary programs such as energy rebates (smart thermostats, geothermal, EV chargers, insulation), the USDA-funded Energy Saver loan program, and Operation Round-Up charitable bill-rounding. The cooperative also publishes The Lamp newsletter via Oklahoma Living magazine and operates youth leadership programs including Youth Tour and Energy Camp to maintain community engagement across its rural service territory.
Indian Electric Cooperative firmographics
Firmographics- Name
- Indian Electric Cooperative
- Legal name
- Indian Electric Cooperative, Inc.
- Website
- https://iecok.com
- Company type
- Private
- Founded year
- 1939
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Indian Electric Cooperative is a member-owned, not-for-profit electric distribution cooperative founded in 1939, serving approximately 14,000 households and commercial accounts across seven rural Oklahoma counties with electricity distribution and, increasingly, fiber broadband infrastructure leased to Cox Communications.
- Ownership category
- akta.pro rank
Indian Electric Cooperative industry classification
Industry- Product category
- Rural Electric Distribution
- NAICS
- Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industry
- Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)
Keywords
Where Indian Electric Cooperative is headquartered
LocationHeadquarters
- HQ city
- Cleveland
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Indian Electric Cooperative business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
Revenue model
- Electric Distribution Sales: As a not-for-profit cooperative, IEC provides electricity to its members at cost. Revenue comes from residential and commercial electricity sales based on kWh consumption plus fixed base charges. The rate structure includes a per-kilowatt-hour charge (10 cents as of April 2026) and a monthly base charge ($40 as of April 2026). Approximately 60% of annual costs are for purchased power supply from generation and transmission suppliers.
- Fiber Infrastructure Leasing: IEC builds and owns fiber infrastructure (middle mile) and leases it to Cox Communications, which provides broadband service to IEC members. This creates a revenue stream from the leased fiber network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential electricity service with 10 cents per kWh and $40 monthly base charge |
| Subscription | Monthly | Commercial/Industrial electricity service with demand charges |
| Usage-based | Pay-as-you-go | Prepay electricity service |
| Other | Monthly | Energy Saver Program - low-interest home improvement loans |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Indian Electric Cooperative product offering
Product offeringCore offering
Indian Electric Cooperative (IEC) is a member-owned, not-for-profit electric distribution cooperative that distributes electricity to approximately 14,000+ member households across seven north-central and northeastern Oklahoma counties. The cooperative also builds and owns fiber optic infrastructure leased to Cox Communications for broadband delivery to rural members, and offers energy efficiency programs including rebates, prepay billing, and home improvement loans.
Product overview
Indian Electric Cooperative is a member-owned, not-for-profit electric distribution cooperative offering electricity service as its core product. The cooperative provides SmartHub, a customer portal and mobile app for account management, bill payment, and usage monitoring. Additional offerings include prepay billing, new service connections, and fiber broadband infrastructure (in partnership with Cox Communications). Energy programs include rebates for geothermal systems, heat pumps, smart thermostats, EV chargers, insulation, and the Energy Saver loan program for home efficiency improvements. The cooperative also operates Operation Round-Up, a charitable bill-rounding program, and provides an interactive Outage Map for real-time outage tracking.
Differentiator
Problem solved
Functional benefit
Brands
- Operation Round-Up: A volunteer program where members can choose to round up their electric bill to the next whole dollar in order to help people and nonprofits in need. Also funds scholarships for high school seniors.
Products and services
- Electric Distribution Service Core electric distribution service delivering reliable electricity to member-owners in seven Oklahoma counties (Pawnee, Osage, Creek, Payne, Noble, Kay, and Tulsa) at a rate of 10 cents per kWh with a $40 monthly base charge as of April 2026, plus demand charges for commercial accounts.
- SmartHub Account Management Self-service mobile app and web portal enabling members to make payments, view bills, monitor energy consumption, report outages, and manage their accounts 24/7.
- Fiber Broadband Infrastructure Fiber optic infrastructure built and owned by the cooperative, leased to Cox Communications which delivers retail broadband service to IEC members across the seven-county service area.
- Energy Saver Loan Program Low-interest home improvement loans funded through USDA Rural Development, repayable over 10 years on the member's electric bill, for energy efficiency improvements expected to equal or exceed loan costs through savings.
Quantifiable outcome
- Rates 15% under inflation over 20 years
- +3 more outcomes
Companies that use Indian Electric Cooperative
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Indian Electric Cooperative technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Indian Electric Cooperative partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Cox CommunicationscoreInnovative three-year partnership to accelerate broadband access to unserved and underserved areas of rural Oklahoma. IEC builds and owns fiber infrastructure (poles and fiber) which Cox Communications leases and uses to provide broadband service to IEC members. The agreement targets all 14,000+ IEC members. Cox is committed to local presence and is a leader in broadband, serving 7 million homes in 18 states.
- Touchstone Energy CooperativesminorIEC is a member of Touchstone Energy Cooperatives, a national network of electric cooperatives providing resources and shared branding for member co-ops.
- Oklahoma Association of Electric CooperativesminorIEC is a member of this state association. The association presents awards including the Shining Star Award recognizing co-op employees who exemplify the cooperative spirit.
- Cooperative Broadband CoalitionminorIEC participates in this coalition focused on broadband collaboration and progress for electric cooperatives.
- Northwest Lineman CollegeminorIEC apprentice linemen attend Northwest Lineman College for intensive training including classroom instruction and four years of on-the-job training to become Journeyman Linemen.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Indian Electric Cooperative competitors and assessment
Company assessmentDirect peers
- Northeast Oklahoma Electric Cooperative: Distribution cooperative serving Ottawa, Delaware, and adjoining counties in northeastern Oklahoma. Closely comparable in geographic positioning, scale, and member-ownership governance to IEC.
- Cotton Electric Cooperative: Member-owned electric distribution cooperative serving southwestern Oklahoma. Comparable rural cooperative utility with similar fiber-broadband expansion ambitions and Touchstone Energy affiliation.
- Oklahoma Electric Cooperative: Not-for-profit electric distribution cooperative serving portions of central Oklahoma. Comparable in cooperative structure, member base size, and rural distribution profile to Indian Electric Cooperative.
- Central Rural Electric Cooperative: Member-owned electric distribution cooperative headquartered in Stillwater, Oklahoma, serving a similar rural Oklahoma member base. Closest geographic and structural peer to IEC in terms of member-owned model, scale, and service mix.
- Kiamichi Electric Cooperative: Member-owned electric distribution cooperative headquartered in Wilburton, Oklahoma, serving southeastern Oklahoma. Comparable rural electric distribution model and Touchstone Energy affiliation to IEC.
- Caddo Electric Cooperative: Member-owned electric distribution cooperative based in Anadarko, Oklahoma. Directly comparable rural Oklahoma distribution cooperative with similar member-ownership structure and SmartHub-style member services.
Broad incumbents
- Public Service Company of Oklahoma (PSO): AEP subsidiary and investor-owned regulated electric utility serving eastern Oklahoma, including areas adjacent to IEC's territory. Comparable regulated distribution utility but with a much larger customer base and IOU ownership structure.
- OG&E Energy: Investor-owned regulated electric utility serving central and western Oklahoma including portions of the Oklahoma City and Tulsa metros. Operates as a broad incumbent in the same Oklahoma electricity market as IEC, with overlapping service-area boundaries.
Others
- Cox Communications: Strategic broadband partner to IEC under the 2023 fiber-lease agreement through which Cox provides retail broadband over IEC-owned fiber. Compares as the go-to-market / retail layer for IEC's broadband infrastructure investment.
- Touchstone Energy Cooperatives: National network and brand alliance of electric cooperatives of which IEC is a member. Provides shared marketing, advocacy, and operational resources, making it a meaningful ecosystem peer rather than a direct competitor.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Indian Electric Cooperative social profiles
Digital presenceIndian Electric Cooperative financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indian Electric Cooperative leadership team
Management profileNumber of profiles
Profiles3 records
Indian Electric Cooperative subsidiaries and ownership
Company hierarchySubsidiaries1 record
Indian Electric Cooperative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indian Electric Cooperative M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indian Electric Cooperative
What does Indian Electric Cooperative do?
Indian Electric Cooperative (IEC) is a member-owned, not-for-profit electric distribution cooperative that distributes electricity to approximately 14,000+ member households across seven north-central and northeastern Oklahoma counties. The cooperative also builds and owns fiber optic infrastructure leased to Cox Communications for broadband delivery to rural members, and offers energy efficiency programs including rebates, prepay billing, and home improvement loans.
Is Indian Electric Cooperative a public or private company?
Indian Electric Cooperative is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Indian Electric Cooperative founded?
Indian Electric Cooperative was founded in 1939. It employs 51 to 100 people.
Where is Indian Electric Cooperative based?
Indian Electric Cooperative is headquartered in Cleveland, United States, in the North America region.
How does Indian Electric Cooperative make money?
Two revenue lines are on record. Electric Distribution Sales are the primary driver. The others are fiber Infrastructure Leasing.
Who are Indian Electric Cooperative's main competitors?
Direct peers on record are Northeast Oklahoma Electric Cooperative, Cotton Electric Cooperative, Oklahoma Electric Cooperative, Central Rural Electric Cooperative, Kiamichi Electric Cooperative and Caddo Electric Cooperative. Broad incumbents are Public Service Company of Oklahoma (PSO) and OG&E Energy. Others are Cox Communications and Touchstone Energy Cooperatives.
Does Indian Electric Cooperative have an API?
No public API is recorded for Indian Electric Cooperative.
What industry is Indian Electric Cooperative in?
Indian Electric Cooperative's product category is Rural Electric Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUADABAI, Electric Distribution System Owners (Wires-Only Companies). Its NAICS code is 221122 and its SIC code is 4911.