Central Iowa Power Cooperative (CIPCO) is a generation and transmission electric cooperative with member systems that serve a population of nearly 300,000 rural and urban residents and more than 13,000 small and large commercial and industrial accounts across Iowa.
Member-owner status is given to the 13 rural electric cooperatives and associations, each represented on the CIPCO Board of Directors by an elected director from their local board. The CIPCO Board is a governing body that selects the Chief Executive Officer who is responsible for day-to-day operations.
CIPCO supplies all power requirements for its Member-owners, and as their power provider, is dedicated to delivering 24/7 energy that is affordable, safe, and reliable.
Key Facts
Year founded: 1946
Locations: Cedar Rapids, Des Moines, Creston and Wilton
Ownership: Member-owned, not-for-profit cooperative
Member Distribution Systems: 13
Employees: 95
Profits: Earnings above the cost of providing electric service are returned to member systems and patronage dividends.
2021 Statistics
|
Energy Sales (MWh) |
2,968,346 |
|
Total Operating Revenue |
$184,114,748 |
|
Net Margin |
$8,951,661 |
|
Amount returned as patronage since inception |
$120,000,000 |
|
Total Assets |
$899,434,034 |
|
Average System Rate (mills/kWh) |
57.57 |
|
Peak Demand (megawatts) |
615 |
|
Approximate Miles of Transmission Line |
1,920 |
