
Posts by: Steve Seibert
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Capital credit allocations to be refunded
At the end of each year, Southern Indiana Power calculates our operating margin, which is the amount our income exceeded our expenses during the year. We then allocate the operating margin as “capital credits” to each member based on the amount of electricity he/she purchased throughout the year. When our board of directors determines it’s… Continue reading.

It’s a matter of principles
Superior Ag, PSC and Southern Indiana Power all share something in common: we’re all cooperatives. We may be in different industries, but we all share a passion for serving our members and helping our communities. October is National Co-op Month, so this is the perfect time to reflect on three of our seven principles that… Continue reading.

Stay in the know
At Southern Indiana Power, we are constantly striving to improve our operational efficiency so we can provide the most reliable electric service possible for our member owners. We rely on data for nearly every aspect of our operations, which is why we need your help. By making sure we have your most accurate and complete… Continue reading.

Vegetation management improves reliability for all
One of the things I love best about our community is the natural beauty that surrounds us. We are fortunate to have so many trees that offer beauty, shade and a habitat for all sorts of wildlife. We know that you appreciate our community for many of the same reasons. At Southern Indiana Power, we… Continue reading.

Economic disruptions and rising electricity costs
With record high inflation of nearly 8%, supply chain disruptions and soaring commodity prices are having a dramatic impact on our costs to supply electricity to you. More specifically, over the past 12 months, natural gas prices have risen 117%, coal prices have risen 167% and power market prices have risen 164%. These three variable… Continue reading.

Reliability and requests to reduce electricity use
Balancing the demand for electricity with just-in-time supply and then transmitting the electricity over an expansive grid of transmission and distribution lines make the U.S. electric grid the most complex machine in our nation’s history. The national trend over the past several years has been to retire baseload coal generation and transition to more intermittent,… Continue reading.

2022 SIP Annual Meeting review
COVID-19 pandemic I think it is safe to say that we will never forget these past two years. Gone were the days of simply focusing on the cooperative business as Covid-19 took center stage of our everyday lives. I am so proud of everything our employees accomplished during the past two years despite the increased… Continue reading.

Prioritize safety all year
At Southern Indiana Power, we recognize Electrical Safety Month every May, but we also know the importance of practicing safety year-round. We recognize that everyone has a part to play in prioritizing safety. According to the Electrical Safety Foundation International, thousands of people in the U.S. are critically injured or electrocuted as a result of… Continue reading.

Celebrating our lineman
You’ve likely noticed Southern Indiana Power’s crews out and about, working on power lines in our community. It’s no secret that a lineman’s job is tough — but it’s a job that’s essential and must be done. This month, as we celebrate Lineman Appreciation Day on April 11, I thought I’d share some interesting facts… Continue reading.

SIP Annual Meeting update
Every year, the cooperative conducts an annual meeting of the membership. The purpose of the meeting is to elect directors, share previous years’ financial results and provide an overall cooperative update. The 2022 Southern Indiana Power annual meeting will be held on Tuesday, April 19, at 7 p.m. at Tell City Jr./Sr. High School’s auditorium…. Continue reading.

5 reasons we love serving you
February may be the shortest month of the year, but it’s packed with special observances like Presidents Day, Groundhog Day and Valentine’s Day. They all have something in common; they were created to draw attention to a particular issue or theme. Valentine’s Day may seem like an observance originally created by a greeting card company… Continue reading.

Power cost tracker to rise in January
Beginning Jan. 1, Southern Indiana Power members will see on average a 3% increase in their overall electric bills. This increase will show up on the bill you receive in February as a power cost tracker per kwh purchase. The monthly bill for a member using 1,000 kilowatt hours will be about $3.17 or 2.5%… Continue reading.