Red Lake Electric Cooperative, Inc.
- Company typePrivate
- Founded1938
- HeadquartersRed Lake Falls, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Red Lake Electric Cooperative, Inc. firmographics
Firmographics- Name
- Red Lake Electric Cooperative, Inc.
- Legal name
- Red Lake Electric Cooperative, Inc.
- Website
- https://redlakeelectric.com
- Company type
- Private
- Founded year
- 1938
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Red Lake Electric Cooperative, Inc. industry classification
Industry- Product category
- Electric Utility Distribution
- NAICS
- Electric Power Distribution (221122), Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro industry
- Electric Cooperatives (Rural/Member-Owned Utilities)Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Distribution System Operators (DSOs) & Electric Distribution UtilitiesGreen Tariffs & Utility Renewable Supply ProgramsEnergy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Power Purchase Agreements (PPAs) & Structured Energy ProductsCommunity Microgrids & Shared Distributed GenerationEnergy, Utilities & Environment/Electric Power Generation/Distributed & Behind-the-Meter Power Generation (Microgrids, DG)
Keywords
Where Red Lake Electric Cooperative, Inc. is headquartered
LocationHeadquarters
- HQ city
- Red Lake Falls
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Red Lake Electric Cooperative, Inc. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
Revenue model
- Electric Energy Distribution: Revenue generated from selling and distributing electric energy to members. Members purchase electric energy at rates fixed by the board of directors. Amounts paid in excess of cost of service are treated as capital furnished by members (patronage capital system).
- Other Products and Services: Revenue from energy-related services and other products offered by the cooperative, including rebate programs, load management services, and energy efficiency programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential and Commercial Rate Schedules |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Red Lake Electric Cooperative, Inc. product offering
Product offeringCore offering
Red Lake Electric Cooperative is a member-owned, not-for-profit electric distribution utility that delivers electricity to agricultural, commercial, and residential member-owners across northwestern Minnesota. The cooperative operates 2,668 miles of distribution lines and nine substations serving 5,811 electric services, purchases wholesale power from Minnkota Power Cooperative, and offers member programs including load management, electric heating rebates, distributed generation interconnection, capital credits, and the SmartHub online account platform.
Product overview
Red Lake Electric Cooperative, Inc. is a not-for-profit electric utility cooperative that provides electricity distribution services to agricultural, commercial, and residential members. The cooperative operates as a single integrated platform delivering electric service through its distribution infrastructure. The product portfolio centers on the core Electric Distribution Service, supplemented by energy management programs (Load Management, Electric Heat, Energy Mix), rebate and efficiency incentive programs, and member services (Capital Credits, Member Financing, SmartHub bill payment, Auto Pay). Additional offerings include Distributed Generation for member-generated power interconnection and Operation Round Up community donations. Power is purchased wholesale from Minnkota Power Cooperative and distributed across 2,287 miles of overhead line and 381 miles of underground line serving 5,811 electric services.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Distribution Service
Quantifiable outcome
- 5,811 electric services maintained across 2,400 square miles
- +2 more outcomes
Companies that use Red Lake Electric Cooperative, Inc.
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Red Lake Electric Cooperative, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Red Lake Electric Cooperative, Inc. partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Red Lake Electric Cooperative, Inc. competitors and assessment
Company assessmentBroad incumbents
- Connexus Energy: Large member-owned electric cooperative in Minnesota providing distribution and broadband services. Overlaps in cooperative model and product set (SmartHub, rebates, capital credits) but operates at substantially larger scale and more urbanized footprint.
- Minnkota Power Cooperative: Wholesale generation-and-transmission cooperative of which Red Lake Electric is a member-owner. Supplies the coal, wind, and hydro energy mix Red Lake distributes; not a retail competitor but the structural parent and most relevant counterparty.
Direct peers
- Itasca-Mantrap Co-op Electric Association: Member-owned rural electric distribution cooperative serving north-central Minnesota, also within the Minnkota Power Cooperative system. Directly comparable in service territory type, member types, and rate structures.
- Lake Country Power: One of the largest electric distribution cooperatives in Minnesota, serving rural and lakes-region members. Comparable member-owned cooperative model with similar product set (load management, rebates, SmartHub, capital credits) but at materially greater scale.
- Clearwater-Polk Electric Cooperative: Adjacent rural electric distribution cooperative in northwestern Minnesota, also a Minnkota Power member. Comparable service territory size, member demographics, and suite of energy efficiency and rebate programs.
- East Central Energy: Minnesota member-owned electric distribution cooperative serving rural and exurban members. Comparable in offering of distribution services, energy efficiency rebates, SmartHub portal, and capital credit program.
- Beltrami Electric Cooperative: Rural member-owned distribution cooperative in north-central Minnesota, also part of the Minnkota Power Cooperative system. Operates a similar mix of residential, farm, and small commercial members with comparable scale, programs, and capital credit retirements.
- Wild Rice Electric Cooperative: Neighbor member-owned electric distribution cooperative also in northwestern Minnesota and within the Minnkota Power Cooperative system. The two co-ops regularly coordinate on bylaws, training, and joint member communications, making it the most direct operational comparable.
- North Star Electric Cooperative: Member-owned electric distribution cooperative in north-central Minnesota within the Minnkota Power Cooperative system. Highly comparable in scale, agricultural member base, and operational programs.
Others
- Touchstone Energy Cooperatives: National brand and services alliance for member-owned electric cooperatives in the U.S. Red Lake Electric participates in the brand and shared marketing/education programs, making it a relevant ecosystem peer rather than a direct competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
Red Lake Electric Cooperative, Inc. social profiles
Digital presenceRed Lake Electric Cooperative, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Lake Electric Cooperative, Inc. leadership team
Management profileNumber of profiles
Profiles1 record
Red Lake Electric Cooperative, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Lake Electric Cooperative, Inc. 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 Red Lake Electric Cooperative, Inc.
What does Red Lake Electric Cooperative, Inc. do?
Red Lake Electric Cooperative is a member-owned, not-for-profit electric distribution utility that delivers electricity to agricultural, commercial, and residential member-owners across northwestern Minnesota. The cooperative operates 2,668 miles of distribution lines and nine substations serving 5,811 electric services, purchases wholesale power from Minnkota Power Cooperative, and offers member programs including load management, electric heating rebates, distributed generation interconnection, capital credits, and the SmartHub online account platform.
Is Red Lake Electric Cooperative, Inc. a public or private company?
Red Lake Electric Cooperative, Inc. is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Red Lake Electric Cooperative, Inc. founded?
Red Lake Electric Cooperative, Inc. was founded in 1938. It employs 1 to 10 people.
Where is Red Lake Electric Cooperative, Inc. based?
Red Lake Electric Cooperative, Inc. is headquartered in Red Lake Falls, United States, in the North America region.
How does Red Lake Electric Cooperative, Inc. make money?
Two revenue lines are on record. Electric Energy Distribution is the primary driver. The others are other Products and Services.
Who are Red Lake Electric Cooperative, Inc.'s main competitors?
Broad incumbents on record are Connexus Energy and Minnkota Power Cooperative. Direct peers are Itasca-Mantrap Co-op Electric Association, Lake Country Power, Clearwater-Polk Electric Cooperative, East Central Energy, Beltrami Electric Cooperative, Wild Rice Electric Cooperative and North Star Electric Cooperative. Touchstone Energy Cooperatives is listed as an others.
Does Red Lake Electric Cooperative, Inc. have an API?
No public API is recorded for Red Lake Electric Cooperative, Inc..
What industry is Red Lake Electric Cooperative, Inc. in?
Red Lake Electric Cooperative, Inc.'s product category is Electric Utility Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of EUAGADAJ, Green Tariffs & Utility Renewable Supply Programs. Its NAICS code is 221122 and its SIC code is 4911.