Renville-Sibley Cooperative Power Association

Overview

Renville-Sibley Cooperative Power Association is a nonprofit electric cooperative serving several counties in Minnesota. It is designated as a 501(c)(12) organization, which includes benevolent life insurance associations, irrigation companies, and telephone companies, all of which have a mutually beneficial nature.

Operations

The cooperative is member-owned, providing electricity to over 1,900 electric accounts across Renville County and portions of Sibley, Chippewa, Kandiyohi, Redwood, and Nicollet counties. Despite being a nonprofit, Renville-Sibley Cooperative does not produce the electricity it sells. Instead, it purchases electricity at wholesale prices and resells it to end customers.

Financial Profile

As of recent financial reports, the cooperative generated significant revenue from program services, which account for about 93% of its total revenue. Other sources of income include investment income and miscellaneous revenues. The cooperative's total assets are substantial, while liabilities include financial obligations related to its operations.

Community Initiatives

The cooperative participates in community initiatives such as the Operation Round Up program. This program involves rounding up members' bills to the nearest dollar to accumulate funds for charitable and educational purposes within the communities it serves. Members are automatically enrolled but can opt out at any time.

Leadership

The CEO of Renville-Sibley Cooperative Power Association is DeeAnne Norris. Other key employees include various directors and officers responsible for managing the cooperative's daily operations and strategic planning.

Services and Rates

Renville-Sibley Cooperative Power Association offers residential electricity services with an average rate of about 12.97 cents per kilowatt-hour. This is slightly lower than the Minnesota state average. However, the average monthly residential electricity bill is higher compared to national averages, largely due to consumption patterns and rates in the region. The cooperative also provides net metering options for customers who generate their own electricity.