Archive - Page 33 of 36 - Great River Energy

Member Moment: BENCO Electric Cooperative

Cooperatives, Member-owner cooperatives /

“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. When cooperatives work together, great things can happen. BENCO Electric Cooperative (BENCO), which has served southern Minnesota residents with reliable, affordable electric service since 1935, regularly demonstrates the “cooperation among cooperatives” guiding principle […]

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Minnesota co-ops win Spotlight on Excellence awards

Member-owner cooperatives /

Two of Great River Energy’s member-owner cooperatives were recognized for achievements in communications and marketing by the national association of electric cooperatives. Lake Country Power (LCP) and Wright-Hennepin Cooperative Electric Association (WH) were honored by the National Rural Electric Cooperative Association with Spotlight on Excellence Awards for their outstanding work this past year. The program’s

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Medora Foundation recognizes partnership with Great River Energy

Community, Cooperatives, Sustainability /

Great River Energy was recently recognized for partnering with the Theodore Roosevelt Medora Foundation to help support Medora’s newest attraction: Point to Point Park. A Great River Energy donation, along with a matching grant from the Butler Family Foundation, will help build the park. “We are grateful to have Great River Energy as a consistent

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Employee ingenuity earns national recognition

Company news, Employee news /

Three Great River Energy employees recently received Technology Transfer Awards from the Electric Power Research Institute (EPRI) for their achievements in collaborative research and development projects. Presented annually, EPRI’s Technology Transfer Awards recognize industry leaders and innovators who help companies transform research into results and solutions that can improve the efficiency of power plants, harden

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Effective planning, aggressive steps make pandemic response a success

Company news, Power generation resources, Safety, Sustainability /

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

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Terebinth Refuge wins statewide Minnesota Touchstone Energy Community Award

Community, Cooperatives, Member-owner cooperatives /

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

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Member Moment: Todd-Wadena Electric Cooperative

Community, Cooperatives, Member-owner cooperatives /

“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 employees regularly volunteer in chamber

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Board brings relief for members affected by coronavirus

Company news, Cooperatives, Member-owner cooperatives /

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

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$10 million of patronage capital returned to members

Company news, Cooperatives, Member-owner cooperatives /

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,

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