A cooperative does not earn profits in the way other businesses such as investor-owned utilities do. Instead, any profits or margins remaining after all expenses have been paid are returned to the members in proportion to their use of the co-op’s services through capital credit allocations and retirements. Capital credits represent each member’s share of… Continue reading.
The 79th annual meeting was held at the Spencer County Youth and Community Center on April 17. More than 525 members registered, and we issued 943 meal tickets for members and their families. Over 160 children attended and entered their names for the kids’ prize drawing. For those of you who missed the meeting, I’ll… Continue reading.
Operation Round Up allows Southern Indiana Power members to work together to help others. Thank you to those members who round up their electric bills to the next highest dollar each month. Since the inception of the program in 2006, grants have been awarded to local organizations totaling over $370,112. Your small change is really… Continue reading.
Look for this column each month as we feature local businesses offering an instant discount to Southern Indiana Power members. Just show your Co-op Connections® Card and enjoy! The Rustic Country Club 1375 S. Old State Road 45 Rockport, IN 47635 812-649-9258 10% off discount. Not valid with other offers or discounts. Lincoln Pines Lake… Continue reading.
In an effort to keep you informed of your cooperative’s operations and activities, the following are highlights of the April 30 board meeting. All directors were present along with CEO Steve Seibert and Administrative Assistant Lisa Hinton. Also present was cooperative attorney Chris Goffinet. The March 21 board meeting minutes and April 5 special board… Continue reading.
Steve Fortwendel has been employed at the co-op for nearly 17 years. He was hired Oct. 1, 2001. He graduated from the Hoosier Energy Apprentice Training and Safety (HEATS) program to become a journeyman lineman in October 2005 and earned an associate’s degree through the lineworker technology degree program. Fortwendel also served as a leadman… Continue reading.
Hoosier Energy purchases energy generated from the wind at farms in Indiana, Iowa and Illinois. The turbine generators capture the kinetic energy of the wind and convert it into electricity. Output from these wind farms is enough to power 21,000 homes. For more information about Hoosier Energy’s generation sources, log onto hoosierenergy.com/about/energy-strategy. Your energy producer is a… Continue reading.
In an effort to keep you informed of your cooperative’s operations and activities, the following are highlights of the Feb. 23 board meeting. All directors were present along with CEO Steve Seibert and administrative assistant Lisa Hinton. Also present were accountant Amy Ramsey and Joe Boesing, CPA with Monroe Shine. The Feb. 23 board meeting… Continue reading.
Southern Indiana Power is sponsoring three students on the Indiana Youth Tour June 7-14. Youth Tour provides young Hoosiers the opportunity to visit the nation’s capital, learn about government, experience American history and gain a better understanding about their electric cooperative and government. Steve Seibert, president/CEO of Southern Indiana Power, said a delegation of 102… Continue reading.
As we saw April come and go, it brought with it the showers that produced our lovely spring flowers. It also heralded the beginning of a potentially stormy season that can inherently include power outages. While Southern Indiana Power strives to provide reliable electric service to our members, there are times when Mother Nature has… Continue reading.
Hoosier Energy landfill methane gas (LMG) units generate 18 megawatts of energy. It is part of the “all of the above” energy strategy that includes coal, natural gas and other renewable sources. LMG systems capture gases released from decaying organic material in solid waste landfills to power gas turbines like the one shown. Landfill generation… Continue reading.
Since 2012, Hoosier Energy has had a power purchase agreement at a 4-megawatt hydroelectric facility near Dayton, Illinois. The plant produces about 18,000 megawatt-hours annually — enough to power about 1,500 homes. A 600-foot long dam on the Fox River regulates water flow that is directed to a side canal. Electricity at this facility is… Continue reading.