hoosier energy rec; inc.

What hoosier energy rec; inc. does

Hoosier Energy REC, Inc. is a member-owned generation and transmission (G&T) electric cooperative, founded in 1949 and headquartered at 2501 South Cooperative Way in Bloomington, Indiana. The cooperative generates and transmits electricity across a 15,000-square-mile service territory covering central and southern Indiana and southeastern Illinois, and provides electricity to 17 member electric cooperatives that collectively serve more than 700,000 consumers and 285,000 homes, farms, and businesses.

The company's core product set includes diversified electric power generation (a mix of fossil-fuel and renewable resources), a resilient high-voltage transmission network with substation operations, and grid infrastructure maintenance supported by digital fault recording systems for reliability assessment. It also operates the Small Generator Interconnection Process (SGIP) — administered via PowerClerk interconnection management software — to facilitate distributed generation up to 20 MW for its member cooperatives, and provides economic development services including site selection, target industry identification, and a tax abatement calculator to attract commercial and industrial load to the service territory. The cooperative participates in the MISO regional transmission organization for wholesale market coordination.

As a non-profit cooperative, Hoosier Energy does not publicly disclose revenue or pricing; rather, it recovers costs through wholesale electricity rates charged to its 17 member distribution cooperatives, which are simultaneously the company's owners. Governance is via a Board of Directors composed of member-cooperative representatives, and there is no external equity, parent company, or public listing. Leadership includes President & CEO Donna Walker, EVP & COO Rob Horton, CFO Jon Jackson, and functional VPs across power supply, technical services, technology/cybersecurity, and member/government relations.

Name

hoosier energy rec; inc.

Legal name

Hoosier Energy REC, Inc.

Website

https://hepn.com

Company type

Private

Founded year

1949

Operating status

Operating

Short description

Hoosier Energy REC, Inc. is a member-owned generation and transmission electric cooperative, founded in 1949, that generates and transmits electricity to 17 member electric cooperatives serving more than 700,000 consumers across central and southern Indiana and southeastern Illinois.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industry

Community Microgrids & Shared Distributed Generation (EUACALAC)

Keywords

• Electric power generation
• Transmission infrastructure
• Rural electric cooperative
• Renewable energy
• Economic development services

Headquarters

HQ city

Bloomington Springs

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels4 records

Core offering

Hoosier Energy is a generation and transmission (G&T) electric cooperative that produces and transmits wholesale electricity to 17 member electric cooperatives across central and southern Indiana and southeastern Illinois. The cooperative operates a diversified generation portfolio (including fossil and renewable resources), maintains a resilient transmission network across a 15,000-square-mile service area, and offers member services such as the Small Generator Interconnection Process (SGIP) and economic development assistance.

Product overview

Hoosier Energy is a generation and transmission (G&T) electric cooperative operating as a single unified cooperative enterprise that provides electric power generation, transmission infrastructure, and member services to 17 member electric cooperatives across central and southern Indiana and southeastern Illinois. The core offerings include diversified power generation resources and a resilient transmission network, supplemented by an expanding renewable energy program, Small Generator Interconnection Process (SGIP) for distributed generation, grid infrastructure maintenance services, and economic development assistance for the communities served.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Power Generation Services
• Transmission Infrastructure
• Grid Infrastructure Services
• Renewable Energy Program Program enabling member cooperatives to integrate distributed renewable generation, including facilities managed under the Small Generator Interconnection Process (SGIP).
• Economic Development Services Services connecting businesses with sites, resources, tax abatement calculators, and assistance for economic development across the service territory.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• MISO (Midcontinent Independent System Operator)coreTechnology or IntegrationMISO is a regional transmission organization that manages the power grid across multiple states. Hoosier Energy participates in MISO Maximum Generation Emergency events and Load Modifying Resources (LMRs) programs, coordinating grid operations as part of the larger regional system.
• 17 Member Electric CooperativescoreChannel Partner/ Reseller/ DistributorHoosier Energy serves as the generation and transmission cooperative for 17 member electric cooperatives that distribute energy to more than 285,000 homes, farms and businesses across central and southern Indiana and southeastern Illinois.
• Economic Development PartnersminorStrategic or Co-development PartnerEconomic development partners including state and local economic development agencies, chambers of commerce, and workforce development organizations that collaborate on business attraction and expansion in the service territory.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Basin Electric Power Cooperative: One of the largest G&T electric cooperatives in the U.S., serving member systems across the upper Midwest and West. Its diversified generation portfolio including coal, natural gas, and renewables parallels Hoosier Energy's diversified generation and member-driven model.
• Dairyland Power Cooperative: Touchstone Energy G&T cooperative serving member distribution cooperatives across Wisconsin, Minnesota, Iowa, and Illinois. Directly comparable in cooperative structure, Midwestern operating geography, and renewable integration strategy.
• East Kentucky Power Cooperative: G&T electric cooperative serving 16 member distribution cooperatives across Kentucky. Closely comparable in scale, member-cooperative count (17 for Hoosier, 16 for EKPC), and exclusive regional service territory structure.
• Seminole Electric Cooperative: Generation and transmission cooperative providing wholesale power to member distribution cooperatives in Florida — directly comparable G&T cooperative structure, diversified generation mix, and member-driven governance model.
• Associated Electric Cooperative: Generation and transmission cooperative headquartered in Missouri that supplies wholesale power to six member distribution cooperatives across multiple states — the same G&T cooperative business model as Hoosier Energy, making it the most structurally comparable peer.
• Brazos Electric Power Cooperative: Texas-based generation and transmission cooperative supplying wholesale electricity to member distribution cooperatives — analogous G&T model, similarly anchored in rural/small-town service territory with diversified generation resources.
• Wolverine Power Cooperative: G&T cooperative headquartered in Michigan serving seven member distribution cooperatives with diversified generation including natural gas and renewables — closely comparable scale and member-cooperative distribution model.
• Big Rivers Electric Corporation: Kentucky-based generation and transmission cooperative supplying wholesale power to member distribution systems — directly comparable G&T business model and member-cooperative distribution structure.

Broad incumbents

• Duke Energy Indiana: Investor-owned utility and the dominant electric provider across central Indiana. Operates generation and transmission in overlapping Indiana territory, providing a broader-incumbent comparison for grid, regulatory, and renewable-transition dynamics affecting Hoosier Energy.
• Indiana Michigan Power (AEP): Subsidiary of American Electric Power serving northern and central Indiana. Comparable as an investor-owned vertically integrated utility operating generation, transmission, and distribution across overlapping Indiana geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/HoosierEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 hoosier energy rec; inc.