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Steve Seibert

Capital credit allocations for 2000 to be retired and paid out to members

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Posted on Nov 06, 2025 in Southern Indiana Power

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 purchased throughout the year. When our board of directors determines its financially… Continue reading.

Member spotlight: NIX Industrial

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Posted on Nov 06, 2025 in Southern Indiana Power

What began as a small-town forge in 1902 has grown into a fifth-generation, family-owned business with a national footprint. More than a century later, NIX Industrial continues to build on its founding values serving customers, caring for its team, and solving complex industrial challenges. Offering both in-shop and field services, NIX Industrial specializes in metal… Continue reading.

2025 Business of the Year Award

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Posted on Nov 06, 2025 in Southern Indiana Power

Southern Indiana Power received the 2025 Business of the Year Award from the Spencer County Chamber of Commerce. Pictured are President/CEO Steve Seibert, Board Vice Chairman Gary Waninger, Spencer County Chamber Board Member Jane Schipp, and Manager of Member Services Andy Sommer.

September board meeting notes

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Posted on Nov 06, 2025 in Southern Indiana Power

The following are highlights of the Sept. 24 board meeting to keep you informed of your cooperatives operations and activities. 1. All directors were present along with CEO Steve Seibert and Administrative Assistant Lisa Hinton. 2. The Aug. 27 board meeting minutes and special board meeting minutes were reviewed and approved. 3. The membership certificates… Continue reading.

Capital credits headed your way

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Posted on Nov 06, 2025 in Steuben County REMC

One benefit of being a cooperative member is that you share in its success!  Steuben County REMC is retiring $326,000 for members with capital credits from 2010-2011.  Look for “Capital Credit Refund” on your bill.  Does the REMC owe you money?  View our unclaimed capital credit list on our website at remcsteuben.com/unclaimed-capital-credits.  We issued checks… Continue reading.

Guided by seven principles

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Posted on Nov 06, 2025 in Steuben County REMC

Cooperatives worldwide operate according to the same core principles and values adopted by the International Cooperative Alliance. These principles are rooted in the first modern cooperative, founded in Rochdale, England. These principles are a key reason that Americas electric cooperatives operate differently from other electric utilities, putting the needs of their members first. Over the… Continue reading.

Want to serve your community?

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Posted on Nov 06, 2025 in Steuben County REMC

Petitions are now available for professional, dedicated individuals wanting to serve fellow members as part of the REMC board in District 1 (Greenfield and Millgrove Townships), 2 (Jamestown Township), and 9 (Otsego, Richland, and Franklin Townships). If you reside in one of these townships and are interested in running for election, please contact the office… Continue reading.

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