Extraordinary times and extraordinary measures – these are the kinds of scenarios that people who manage risk for electric cooperatives think long and hard about year in and year out, even when things are going smoothly. This kind of thinking is what prepared Great River Energy to continue reliable service when the coronavirus (COVID-19) pandemic […]
Every year, Great River Energy provides member-owners and other stakeholders a detailed report of the prior year’s financial and operational results. Great River Energy’s 2019 Annual Report includes company performance and outlines company leaders’ expectations for the future. The Great River Energy 2019 Annual Report is available here.
Although the coronavirus pandemic prevented Great River Energy’s stakeholders from their traditional in-person gathering in 2020, Great River Energy completed its cooperative duty by holding elections and disclosing financial and operational information. “Our first priority is keeping our stakeholders safe and healthy, but our obligation to member-owners remains,” said Great River Energy President and Chief […]
When member-owner cooperatives have positive financial results, they return cash to their members. When Great River Energy’s financial position is strong, it issues payments to the 28 cooperatives that own its company. For the second time in its history, Great River Energy retired patronage capital through cash payments to its 28 member-owner cooperatives. In all, […]
They set out in the dead of night and the cold of winter to restore power. They climb poles, work from bucket trucks and drive to remote locations to keep electricity flowing to your home. Even during the coronavirus pandemic, these technicians perform critical work to ensure reliability and public safety. Line technicians were recognized […]
Great River Energy’s board of directors earlier this month allocated funds to assist its 28 member-owner cooperatives with financial challenges related to the coronavirus pandemic. The cooperative allocated $3 million to assist its member-owners with unforeseen expenses, such as missed payments and forgiven late fees. “This demonstrates why 28 cooperatives benefit by being united as […]
“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. This member-owner cooperative has deep roots in its communities and provides electric service to one of the largest seed corn companies in the United States. Todd-Wadena Electric Cooperative (TWEC) was one of the […]
A St. Cloud-based nonprofit is the recipient of the statewide 2020 Minnesota Touchstone Energy Community Award. Terebinth Refuge, a shelter and safe home serving sexually exploited and trafficked women in Minnesota, received the award from the Minnesota Rural Electric Association along with $1,000 for its efforts. Minnesota Touchstone Energy cooperatives adhere to the seven cooperative […]