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Bylaws
As an electric cooperative, Southern Indiana Power is accountable to you, our members. The cooperative business is conducted by the board of directors who are members, elected to make decisions, and set bylaws to direct the business of the cooperative.…
Cooperative Principles
Voluntary and Open Membership Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination. Democratic Member Control Cooperatives are democratic organizations…
Commercial Application
Residential Application
Do Not Sell My Info
Provisions Specific to the California Consumer Privacy Act Personal information we have collected in the last 12 months We generally collect the following types of information from you. Not all types of information listed below are applicable to all visitors…
What are capital credits?
Southern Indiana Power is an electric cooperative that operates on an at-cost basis by annually allocating any excess operating revenue to each member at the end of the year based upon the member’s purchase of electricity. These allocated amounts called…
Where does the money come from?
Member-owned, not-for-profit electric cooperatives set rates to generate enough money to pay operating costs, make payments on any loans, and provide an emergency reserve. At the end of each year, we subtract operating expenses from the operating revenue collected during…
How are margins allocated?
Margins are allocated to members as capital credits based on their purchases from the cooperative, or how much power the member used. Member purchases may also be called patronage.
Do investor-owned utilities or municipals retire capital credits?
No. Within the electric industry, capital credits only exist at not-for-profit electric cooperatives owned by their members.
Are capital credits retired every year?
Each year, the Southern Indiana Board of Directors makes a decision on whether to retire capital credits based on the financial health of the cooperative. During some years, the co-op may experience high growth in the number of new accounts,…