Executive Summary

American Rural Cooperative Power (ARC Power) was established to support cooperative energy, transmission, broadband, and infrastructure initiatives through a member-owned generation and transmission organization headquartered in Sault Ste. Marie, Michigan.

This plan proposes the creation of a wholly owned subsidiary:

ARC Underground Infrastructure Services (AUIS)

The objective is to build a vertically integrated construction organization capable of supporting:

  • Fiber deployment
  • Smart grid construction
  • Underground electric distribution
  • Utility relocations
  • Island connectivity projects
  • River and water crossings
  • Regional infrastructure development

The organization will initially support ARC members while creating long-term revenue opportunities across the Upper Peninsula, Tribal Nations, municipal utilities, and rural broadband providers.


Strategic Rationale

ARC Power was designed to provide flexibility around energy, broadband, transmission, and infrastructure development.

The Upper Peninsula presents unique challenges:

  • Large geographic territory
  • Remote communities
  • Numerous river crossings
  • Significant island populations
  • Ongoing broadband expansion efforts
  • Aging infrastructure
  • Growing demand for resiliency

Developing an in-house underground construction capability creates a long-term strategic asset capable of serving multiple infrastructure sectors simultaneously.


Five Year Vision

By Year Five, AUIS will become the premier cooperative-owned underground infrastructure contractor in the Great Lakes region, supporting:

  • Electric cooperatives
  • Tribal Nations
  • Municipal utilities
  • Broadband providers
  • State infrastructure projects
  • Federal infrastructure programs

Target operating territory:

  • Michigan Upper Peninsula
  • Northern Lower Michigan
  • Wisconsin border communities
  • Great Lakes island systems

Phase 1 (Year 1): Foundation

Capital Investment

Asset Cost
Two Small HDD Rigs $1,000,000
One Medium HDD Rig $1,500,000
Vacuum Excavator $700,000
Locating Equipment $150,000
Mud Mixing Systems $400,000
Trucks and Trailers $1,250,000
Shop Facility & Yard $1,000,000

Total Capital

$6.0 Million

Staffing

Position Count
General Manager 1
HDD Supervisor 1
Drill Operators 3
Laborers 6
Utility Locator 1
Mechanic 1
Administrator 1

Year 1 Operating Budget

Category Cost
Payroll & Benefits $1.8M
Fuel $350K
Insurance $250K
Maintenance $400K
Training $150K
Administration $300K

Total Operating Cost

$3.25 Million

Revenue Target

$3.0 Million

Primary work:

  • Internal ARC projects
  • Broadband construction
  • Utility road crossings
  • Service installations

Phase 2 (Year 2): Regional Expansion

Additional Capital

Asset Cost
Medium HDD Rig $1.5M
Additional Vacuum Truck $1.0M

Additional Capital

$2.5 Million

Operating Budget

$4.2 Million

Revenue Target

$6 Million

New services:

  • Broadband backbone construction
  • Municipal utility boring
  • Cooperative utility projects
  • Smart grid conduit installation

Phase 3 (Year 3): Major Crossing Capability

Additional Capital

Asset Cost
Large HDD Rig $3.5M
High Capacity Mud Recycling Plant $1.5M

Additional Capital

$5.0 Million

Operating Budget

$6.0 Million

Revenue Target

$10 Million

Project Types:

  • Major river crossings
  • Island feeder construction
  • Broadband middle mile facilities
  • Tribal utility infrastructure

Phase 4 (Year 4): Regional Infrastructure Contractor

Additional Capital

Asset Cost
Pipe Inventory $750K
Support Fleet Expansion $1.25M

Additional Capital

$2.0 Million

Operating Budget

$7.5 Million

Revenue Target

$14 Million

Revenue Mix:

Segment Share
Electric Utility 40%
Broadband 40%
External Contracts 20%

Phase 5 (Year 5): Full Operational Platform

Equipment Fleet

Equipment Type Quantity
Small HDD Rigs 3
Medium HDD Rigs 2
Large HDD Rigs 1
Vacuum Excavators 3
Mud Systems 3

Staffing

Approximately 35 employees.

Annual Operating Budget

$9 Million

Annual Revenue Target

$18 Million to $22 Million

EBITDA Target

$4 Million to $7 Million


Five Year Financial Summary

Capital Investment

Year Investment
Year 1 $6.0M
Year 2 $2.5M
Year 3 $5.0M
Year 4 $2.0M

Total Capital

$15.5 Million

Projected Revenue

Year Revenue
Year 1 $3M
Year 2 $6M
Year 3 $10M
Year 4 $14M
Year 5 $20M

Five-Year Revenue

$53 Million


Strategic Benefits for ARC Power

The primary value is not directional drilling itself.

The larger value comes from controlling construction of:

  • Electric distribution facilities
  • Broadband infrastructure
  • Smart grid infrastructure
  • Island connectivity projects
  • Utility modernization programs
  • Future transmission projects

A construction subsidiary provides the physical delivery mechanism needed to execute those strategies.


Long-Term Vision

By 2031, ARC Underground Infrastructure Services becomes a cooperative-owned infrastructure platform capable of:

  1. Building broadband networks.
  2. Supporting electric modernization.
  3. Enabling smart-grid deployment.
  4. Improving island connectivity.
  5. Providing cost-stabilization benefits to members.
  6. Generating revenue from external infrastructure projects.

The resulting model positions ARC Power as both an infrastructure developer and infrastructure builder, creating a durable competitive advantage across the Great Lakes region.


Planning Note

All financial amounts in this concept plan are preliminary planning estimates, not vendor quotes, audited projections, or commitments. Equipment specifications, staffing, utilization, contract pipeline, financing, permitting, insurance, and geotechnical risk should be validated through a formal feasibility study before an investment decision.