Nodak Electric Cooperative

What Nodak Electric Cooperative does

Nodak Electric Cooperative, Inc. is a member-owned electric distribution cooperative founded in 1939 and headquartered in Grand Forks, North Dakota. The cooperative distributes electricity to more than 20,000 meters across eastern North Dakota, serving residential households and agricultural operations within an exclusive, regulated service territory. Governance is exercised by member-elected district directors, and the 86th annual meeting is scheduled for April 8, 2026.

The cooperative's core operational technology is its Advanced Metering Infrastructure (AMI), deployed more than 15 years ago, which uses power line carrier (PLC) technology to transmit encrypted meter and voltage data over existing power lines — supporting automated billing, outage management, and reliability monitoring without cellular or radio dependencies. Member-facing services are delivered through the SmartHub online portal and pay-by-phone channel, while add-on programs include off-peak electric heating rates ($0.069/kWh long-term, $0.081/kWh short-term for Oct 2025–May 2026), public EV fast charging, the Infinity Renewable Energy Program, rebates, and the Operation Round Up community grant program. Wholesale power is purchased from Minnkota Power Cooperative, which announced a 4.1% wholesale rate increase and a per-kWh surcharge beginning in 2026, alongside plans for the Flickertail Wind Farm.

Nodak's revenue model is recurring and usage-based: members pay standard and off-peak rates for electricity consumed, with capital credits periodically returned to members as patronage-based distributions ($3.42 million in 2025). The cooperative is member-owned with no external shareholders or public investors, and is led by President & CEO Mylo Einarson with a staff of approximately 51–100 employees.

Name

Nodak Electric Cooperative

Legal name

Nodak Electric Cooperative, Inc.

Website

https://nodakelectric.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

51–100 employees

Short description

Nodak Electric Cooperative is a member-owned electric distribution cooperative serving 20,000+ residential and agricultural meters across eastern North Dakota from its Grand Forks headquarters, distributing wholesale power purchased from Minnkota Power Cooperative.

Ownership category

akta.pro rank

Product category

Electric Distribution Utility

NAICS

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 industry

Meter Installation, Exchange & Field Services (EUADAFAF)

Keywords

• Electric distribution services
• Member-owned cooperative
• Rural electricity supply
• Advanced metering infrastructure
• Energy load management

Headquarters

HQ city

Grand Forks

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

Revenue model

1. Electric Distribution Service: Nodak Electric generates revenue through electricity distribution services to member-owners. The cooperative purchases power from Minnkota Power Cooperative on a wholesale basis and distributes it to end consumers. Rates include standard electric service and specialized off-peak heating rates.
2. Off-Peak Electric Heating: Members with subtractive or separately metered off-peak electric heating systems are charged applicable off-peak rates for energy usage. Long-term controlled systems rate: $0.069/kWh. Short-term controlled systems rate: $0.081/kWh.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Nodak Electric Cooperative is a member-owned electric distribution utility serving eastern North Dakota. It purchases wholesale power from Minnkota Power Cooperative and distributes electricity to residential, agricultural, and commercial member-owners across its service territory. The cooperative operates Advanced Metering Infrastructure using power line carrier technology to serve over 20,000 meters, supplemented by member programs including off-peak electric heating, EV charging, and renewable energy options.

Product overview

Nodak Electric Cooperative operates as a single electric utility provider delivering residential and commercial electricity to over 20,000 meters across eastern North Dakota. The cooperative's core offerings center on its Advanced Metering Infrastructure (AMI) system, which uses power line carrier technology for meter reading and outage management, and SmartHub, a member-facing online portal for account access and bill payment. The cooperative supplements its base electric service with several add-on programs including Off-peak Electric Heat for load management, EV Charging infrastructure, Renewable Energy programs, Rebates, Operation Round Up community assistance, and interconnection services for member-owned generation systems. The organization also provides technical resources including the Wildfire Mitigation Plan and interconnection documentation for distributed energy resources.

Differentiator

Problem solved

Functional benefit

Brands

• SmartHub: Online account management and payment platform
• Off-peak Electric Heat
• EV Charging Program
• Infinity Renewable Energy Program
• Operation Round Up
• Youth Tour

Products and services

• Electric Distribution Service Core electric distribution service delivering wholesale power purchased from Minnkota Power Cooperative to residential, agricultural, and commercial member-owners across the eastern North Dakota service territory.
• SmartHub Online account management platform that allows members to view bills, make payments, monitor daily energy usage, and manage their electric account via computer or smart device.
• Off-peak Electric Heat Program Load management program offering reduced electricity rates for members with subtractive or separately metered off-peak electric heating systems, with rates of $0.069/kWh for long-term and $0.081/kWh for short-term controlled systems for October 1, 2025 through May 31, 2026.
• Electric Vehicle (EV) Charging Program Program providing public EV fast charging station access for members, including Greater Grand Forks' first public EV fast charging station at Wendy's Restaurant.
• Infinity Renewable Energy Program Renewable energy program allowing members to support or participate in renewable energy generation.
• Rebates Incentive programs offering rebates to members for energy-efficient equipment and systems.
• Interconnection Process for Generation Systems Technical requirements and application process for members to interconnect renewable energy projects, demand response, and emergency generation systems to Nodak's electrical grid.
• Advanced Metering Infrastructure (AMI) Power line carrier (PLC) technology system that communicates over existing power lines to collect meter readings and monitor voltage, supporting over 20,000 meters with improved accuracy, efficiency, and outage response. The AMI system has been in operation for over 15 years.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Minnkota Power CooperativecoreStrategic or Co-development PartnerMinnkota Power Cooperative is Nodak's wholesale power provider. On January 15, Minnkota announced plans for Flickertail Wind Farm development. Minnkota has announced a 4.1% average wholesale rate increase affecting Nodak beginning in 2026, along with a per-kilowatt-hour surcharge for April-December 2026.
• Touchstone EnergyminorGTM or Marketing PartnerTouchstone Energy is a cooperative brand that provides resources including safety checklists, efficiency tips, and national brand visibility for Nodak Electric.
• NRECA (National Rural Electric Cooperative Association)minorOthersIndustry association for rural electric cooperatives providing advocacy, resources, and education.
• North Dakota 811coreOthersND 811 coordinates with utilities to mark underground lines before digging projects, free of charge to members. Critical for preventing underground line damage and outages.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mor-Gran-Sou Electric Cooperative: Mor-Gran-Sou is a North Dakota rural electric distribution cooperative serving southwest North Dakota. Closely comparable in size, structure, and service profile to Nodak.
• Minnkota Power Cooperative: Minnkota is a generation-and-transmission (G&T) cooperative serving as Nodak's sole wholesale power provider. They share cooperative governance and serve overlapping North Dakota member systems.
• Square Butte Electric Cooperative: Square Butte is a North Dakota electric cooperative closely affiliated with Minnkota Power Cooperative, sharing generation and transmission infrastructure. Highly comparable in wholesale sourcing and member-owned governance.
• Capital Electric Cooperative: Capital Electric Cooperative is a North Dakota rural electric distribution cooperative serving members in the Bismarck-Mandan area. Similar member-owned distribution utility model with comparable load profile.
• Cass County Electric Cooperative: Cass County Electric is another North Dakota rural electric distribution cooperative with overlapping service territory near Fargo. Comparable member-owned distribution utility model serving similar agricultural and residential members.
• Verendrye Electric Cooperative: Verendrye is a North Dakota rural electric distribution cooperative serving central North Dakota. Same cooperative business model, regulatory framework, and customer profile as Nodak.

Others

• Touchstone Energy Cooperatives: Touchstone Energy is a national brand alliance of electric cooperatives of which Nodak is a member. Provides shared marketing, branding, and safety resources to Nodak and similar rural electric cooperatives.
• National Rural Electric Cooperative Association (NRECA): NRECA is the national trade association representing U.S. electric cooperatives including Nodak. Provides advocacy, education, and operational resources to comparable rural electric distribution cooperatives.

Broad incumbents

• Basin Electric Power Cooperative: Basin Electric is one of the largest G&T cooperatives in the U.S., serving rural electric distribution cooperatives across a multi-state region including North Dakota. Comparable wholesale cooperative model with overlapping member cooperatives.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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• Facebookfacebook.com/sharer/sharer.php?u=https://nodakelectric.com
• LinkedInlinkedin.com/company/nodak-electric-cooperative

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 Nodak Electric Cooperative