The predecessors of Sho-Me Power Electric Cooperative were Sho-Me Power Cooperative, formed in 1941 as an agriculture cooperative, followed by Sho-Me Power Corporation, incorporated in 1947 as a public utility. This corporate entity, fully regulated by the Missouri Public Service Commission (MoPSC), provided wholesale electric service to its nine-member distribution cooperatives as well as retail electric service to many communities until 1984, when the remaining facilities serving retail consumers were sold to four rural electric cooperatives (REC). In 1992 the Missouri Secretary of State allowed Sho-Me Power to be converted pursuant
to the provisions of the Rural Electric Cooperative Act, Chapter 394, specifically §394.070 of the Revised Statutes of Missouri, 1989, as amended, and since February 27, 1992, the name has been Sho-Me Power Electric Cooperative. In September 1993 the MoPSC released Sho-Me Power from its rate regulation, leaving it free to be regulated by its nine REC member-owners.