Great River Energy was successful in the capital markets last month, as the cooperative secured important funding for its construction program. Great River Energy launched and priced a private placement note offering securing $250 million in long-term financing at a favorable interest rate. Strong investor interest, including bids from three new purchasers, resulted in a …
Private placement issuance well-received by investors Read More »
New headquarters demonstrate cooperative focus on economic development Many Great River Energy member-owner cooperatives have recognized the need to update their headquarters buildings, service centers and other facilities in recent years to better serve their members and ensure the safety of their staff. The unique ways they have approached these projects have created significant economic …
The Eagan Police Department added a Tesla Model Y Performance to its fleet of squad vehicles over a year ago as part of a demonstration project and the reviews are in: “This [car] is very fast and a lot of fun to drive in a police setting.” Those words from Detective Chris Meade were representative …
Electric squad car brings savings, community engagement Read More »
Great River Energy employees recently completed a massive effort to submit applications for the second round of funding from the Grid Resilience and Innovation Partnerships (GRIP) program, which is part of the Bipartisan Infrastructure Law. Among other things, the GRIP program will provide funds for projects in the arenas of grid resilience, smart grid and …
Co-op seeks funding for grid resilience projects Read More »
Regional power grid provides an outlook for the peak summer season The Midwest grid operator, known as MISO, anticipates a stable summer for the region’s electric grid, projecting a probable peak demand of around 123 gigawatts (GW) and total available generation capacity of approximately 143 GW. While MISO expects sufficient capacity for normal summer conditions, …
Great River Energy’s board of directors recently marked a milestone in the electric cooperative’s history by convening for its 25th annual meeting Annual meetings have become synonymous with the unique qualities that set cooperatives apart from other companies, including autonomy and independence as well as democratic member control. Great River Energy’s roots are embedded in …
As the energy industry continues to evolve, electric cooperatives are ensuring their members are kept up to date on major topics that are currently affecting — or could, in the future — their particular region. One of the ways cooperatives are engaging their membership on current trends and topics is by hosting events that gather …
Energy experts discuss reliability challenges, solutions Read More »
Great River Energy program recognizes team members who step up and apply their training when they see people in need A guiding principle among electric cooperatives is “concern for community.” Great River Energy encourages its employees to act as a second set of eyes and ears in their community and to render assistance when needed. …
Homeowners, farmers and commercial/industrial businesses experienced fewer interruptions this spring to the appliances they have enrolled in their cooperative’s demand response programs thanks to grid modernization tools implemented by Great River Energy. Through the dual fuel load control program, cooperative members can sign up to have their heating systems fueled by a secondary system — …
Modern technology reduces load control disruptions Read More »
The three young falcons residing in Great River Energy’s peregrine falcon nesting box at Elk River were recently banded. Representatives from the Raptor Resource Project conducted the banding and examined the young falcons. The two males and one female were deemed healthy. The band numbers assigned to each falcon are recorded in the Midwest Peregrine …