Financial

Serving our members with sound finances

Great River Energy is an electric cooperative – or a private not-for-profit electric utility business. We are owned by our member cooperatives, which established Great River Energy to provide them at-cost electric service. As a result, Great River Energy does not sell shares of stock to outside investors.

Our revenues are primarily derived from the sale of power to Great River Energy member systems and power sales to other utilities in the region under long-term contracts and spot-sale arrangements.

We have long-term wholesale power contracts with all of our member cooperatives. Power is provided to members at rates determined by Great River Energy’s board of directors. Our board of directors consists of representatives from our member cooperatives. Rates to members are designed to recover all costs and to provide margins sufficient to meet established financial goals.

Great River Energy’s annual reports

2015
2014
2013
Past annual reports

Quarterly financial reports

2016

2015

2014

Great River Energy maintains investment grade debt ratings with the following rating agencies:

  • Standard & Poor’s     A- (Negative)
  • Fitch Ratings    A- (Stable)
  • Moody’s    Baa1 (Stable)

Memorandum of insurance