States › Minnesota › Steele-Waseca Cooperative Electric
electric cooperative · EIA utility 18047
Steele-Waseca Cooperative Electric
Average price is revenue divided by sales for the sector and year; it is not a tariff rate. Reliability figures are as reported by utilities to EIA on Form 861 and may use different calculation methods. Annual figures: Form EIA-861 for 2024, final release. Monthly state figures run to July 2026.
In its Form EIA-861 filing for 2024, Steele-Waseca Cooperative Electric, an electric cooperative, reported 10,725 residential customers in Minnesota, with a service territory that touches 9 counties.
Its average residential price that year was 15.63¢ per kilowatthour, about the same as the Minnesota average of 15.45¢ and 5.2% below the US average of 16.48¢. The figure is residential revenue divided by residential sales, so it folds in fixed charges, riders and every rate schedule the utility bills under.
That works out to an average residential bill of $146.81 a month on average use of 939 kWh a month. Across Minnesota the average bill was $110.06 on 712 kWh, so a bill gap reflects how much power households use as well as what each kilowatthour costs.
For reliability it reported a SAIDI of 41.0 minutes per customer with major event days included and 41.0 minutes with them excluded, calculated under IEEE 1366 standard. The median among Minnesota utilities reporting was 76.7 minutes with major event days; this utility's figure is 47% below that median.
The average price is up 9.6% on 2019, against up 18.5% for Minnesota as a whole, and up 1.6% on 2023. EIA's early release for 2025, which has not been fully edited, shows 16.46¢.
Compared with Minnesota, the US and other electric cooperatives
| Measure, 2024 | This utility | Electric cooperatives, US median | Minnesota | United States |
|---|---|---|---|---|
| Average residential price per kWh | 15.63¢ | 13.74¢ | 15.45¢ | 16.48¢ |
| Average monthly residential bill | $146.81 | $149.95 | $110.06 | $142.26 |
| Average monthly use, kWh | 939 | 1,126 | 712 | 863 |
| Residential price change, 1 year | +1.6% | — | +4.9% | +3.0% |
| Residential price change, 5 years | +9.6% | — | +18.5% | +26.7% |
| SAIDI, all events (minutes) | 41.0 | 263.0 | 76.7 median | 184.5 median |
| SAIDI, without major event days | 41.0 | 147.0 | 56.9 median | 99.8 median |
State and US prices, bills and use are EIA's own averages over every customer. The ownership column and the reliability columns are medians across utilities with at least 1,000 residential customers, computed on this site from the final 2024 file. Among the 26 filings by electric cooperatives in Minnesota, the median price was 14.35¢. In Minnesota this utility's price ranks 13 of 44, counting from the highest.
Average price by year
Steele-Waseca Cooperative ElectricMinnesota averageUS average
Year by year
| Year | ¢ per kWh | Minnesota ¢ | Monthly bill | kWh a month | Residential customers | All sales |
|---|---|---|---|---|---|---|
| 2025 early release | 16.46¢ | 15.82¢ | $161.25 | 980 | 10,788 | 364.8 GWh |
| 2024 | 15.63¢ | 15.45¢ | $146.81 | 939 | 10,725 | 350.2 GWh |
| 2023 | 15.39¢ | 14.73¢ | $149.82 | 974 | 10,651 | 356.8 GWh |
| 2022 | 14.51¢ | 14.25¢ | $144.74 | 998 | 10,571 | 314.5 GWh |
| 2021 | 14.53¢ | 13.50¢ | $142.34 | 979 | 10,469 | 303.3 GWh |
| 2020 | 14.56¢ | 13.17¢ | $145.03 | 996 | 10,321 | 291.1 GWh |
| 2019 | 14.26¢ | 13.04¢ | $143.43 | 1,006 | 10,252 | 313 GWh |
| 2018 | 14.31¢ | 13.14¢ | $144.73 | 1,011 | 10,222 | 330.6 GWh |
| 2017 | 14.19¢ | 13.04¢ | $137.01 | 965 | 10,189 | 338 GWh |
| 2016 | 14.32¢ | 12.67¢ | $139.90 | 977 | 10,113 | 327.6 GWh |
| 2015 | 14.31¢ | 12.12¢ | $128.70 | 899 | 10,061 | 285.5 GWh |
| 2014 | 14.12¢ | 12.01¢ | $145.93 | 1,034 | 8,750 | 264.2 GWh |
| 2013 | 14.16¢ | 11.81¢ | $145.24 | 1,026 | 8,720 | 261.9 GWh |
Bundled residential service only in the price, bill and use columns. Bill = residential revenue ÷ customers ÷ 12; use = residential sales ÷ customers ÷ 12. EIA describes its early release as not fully edited; it is shown for this utility alone and enters no average, median or rank on this site.
Sales by sector, 2024
| Sector | Customers | Sales | Share of sales | Revenue | ¢ per kWh, bundled |
|---|---|---|---|---|---|
| Residential | 10,725 | 120.9 GWh | 35% | $18,893,900 | 15.63¢ |
| Commercial | 1,274 | 68.6 GWh | 20% | $9,237,900 | 13.47¢ |
| Industrial | 47 | 160.8 GWh | 46% | $15,331,900 | 9.54¢ |
Customers, sales and revenue count every service type the utility reported (bundled, energy-only and delivery-only). The price column uses bundled service alone, because part-bill revenue would understate it. Sources of energy: 360.8 GWh in total, of which 0% was its own net generation and 360.8 GWh was bought wholesale; summer peak demand 63 MW.
Reliability
Minutes of sustained interruption per customer in 2024, as the utility reported them under IEEE 1366 standard. SAIFI: 0.48 interruptions per customer with major event days, 0.48 without; CAIDI 85.4 minutes per interruption. EIA's Minnesota total across all reporting utilities was 219.6 minutes with major event days and 92.2 without. Major event days are storms and similar events that a utility's chosen method sets apart; methods differ, so treat comparisons as approximate. What SAIDI and SAIFI mean.
| Year | SAIDI, all events | SAIDI, no major events | SAIFI, all events | SAIFI, no major events | Method |
|---|---|---|---|---|---|
| 2025 early release | 90.2 | 56.1 | 0.74 | 0.60 | IEEE 1366 |
| 2024 | 41.0 | 41.0 | 0.48 | 0.48 | IEEE 1366 |
| 2023 | 61.6 | 42.8 | 0.71 | 0.44 | IEEE 1366 |
| 2022 | 97.4 | 48.1 | 1.01 | 0.71 | IEEE 1366 |
| 2021 | 108.5 | 67.6 | 0.77 | 0.61 | IEEE 1366 |
| 2020 | 81.5 | 54.4 | 0.80 | 0.56 | IEEE 1366 |
| 2019 | 514.7 | 55.5 | 1.47 | 0.77 | IEEE 1366 |
| 2018 | 630.6 | 102.4 | 1.66 | 0.96 | IEEE 1366 |
| 2017 | 76.8 | 76.8 | 0.57 | 0.57 | IEEE 1366 |
| 2016 | 124.0 | 111.7 | 1.10 | 0.99 | IEEE 1366 |
| 2015 | 33.6 | 33.6 | 0.56 | 0.56 | IEEE 1366 |
| 2014 | 92.0 | 89.3 | 0.70 | 0.54 | IEEE 1366 |
| 2013 | 148.0 | 35.0 | 0.69 | 0.38 | IEEE 1366 |
Counties in its service territory
- Blue Earth County
- Dodge County
- Faribault County
- Freeborn County
- Goodhue County
- Le Sueur County
- Rice County
- Steele County
- Waseca County
Counties the utility listed on Form EIA-861 for 2024. Listing a county does not mean the utility serves all of it.
Other utilities in Minnesota
| Utility | Ownership | Residential customers | ¢ per kWh | Monthly bill | SAIDI, all events | SAIDI, no major events |
|---|---|---|---|---|---|---|
| Itasca-Mantrap Co-op Electrical Assn | Cooperative | 11,200 | 13.44¢ | $122.07 | 149.4 | 106.7 |
| Meeker Coop Light & Power Assn | Cooperative | 8,572 | 14.09¢ | $188.19 | 98.6 | 98.6 |
| Wild Rice Electric Coop, Inc | Cooperative | 13,948 | 14.35¢ | $168.00 | 168.0 | 168.0 |
| Runestone Electric Assn | Cooperative | 14,282 | 14.36¢ | $161.18 | 68.3 | 52.0 |
| Mille Lacs Energy Cooperative | Cooperative | 14,546 | 17.58¢ | $122.87 | 237.3 | 157.2 |
| Freeborn Mower Electric Cooperative | Cooperative | 17,848 | 15.15¢ | $128.53 | 86.4 | 49.5 |
| BENCO Electric Cooperative | Cooperative | 18,361 | 15.03¢ | $141.60 | 143.9 | 141.8 |
| Federated Rural Electric Assn | Cooperative | 5,780 | 11.64¢ | $141.62 | 76.7 | 76.7 |
All Minnesota utilities · Electric cooperatives nationwide
Questions and answers
How much does electricity cost from Steele-Waseca Cooperative Electric?
Residential customers paid an average of 15.63¢ per kilowatthour in 2024. EIA derives this by dividing residential revenue by residential sales; it is an average across all rate schedules and charges, not a tariff rate.
How does that compare with Minnesota?
The Minnesota average residential price in 2024 was 15.45¢ and the US average 16.48¢; Steele-Waseca Cooperative Electric was about the same as the state figure. Among 44 utility filings with a bundled residential price in Minnesota, it had the 13th highest.
What is the average Steele-Waseca Cooperative Electric bill?
$146.81 a month in 2024, on average residential use of 939 kWh a month (annual revenue and sales divided by customers and by twelve). The Minnesota average was $110.06 on 712 kWh.
How reliable is Steele-Waseca Cooperative Electric service?
It reported 41.0 minutes of interruption per customer (SAIDI) including major event days and 41.0 minutes excluding them, with 0.48 interruptions per customer (SAIFI) in 2024. Utilities calculate these under differing methods, so comparisons are approximate.
Is the Steele-Waseca Cooperative Electric price rising?
The average residential price was up 1.6% in 2024 compared with 2023 and up 9.6% compared with 2019. EIA's early, not fully edited release for 2025 shows 16.46¢.
Which counties does Steele-Waseca Cooperative Electric serve?
Its Form EIA-861 service territory lists 9 counties, including Blue Earth County, MN, Dodge County, MN, Faribault County, MN, Freeborn County, MN, Goodhue County, MN and Le Sueur County, MN. A county can appear in several utilities' territories.
Provenance
Source: U.S. Energy Information Administration. Annual figures are from Form EIA-861 (sales to ultimate customers, reliability, operational data and service territory files), final release for 2024, respondent "Steele-Waseca Cooperative Electric", utility number 18047; the 2025 row is from EIA's early release. State and US averages are from the Form EIA-861M sales and revenue workbook, published through July 2026. All are US government works in the public domain. Page built 1 Oct 2026. Errors in processing are corrected at the next build; see corrections. For tariffs and rate schedules, consult the utility or the state utility commission.