Strong financial results allowed Great River Energy to return a bill credit to its member-owners Higher than expected annual revenues might inspire most companies to buy back shares, pay higher dividends or build their balance sheets. But not-for-profit cooperatives like Great River Energy provide electric service at cost and any additional gains are returned to …
The federal funding opportunities provided through the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) are said to be a “once in an era” investment into our nation’s infrastructure and offer the largest opportunity to develop energy infrastructure since the Rural Electrification Act of 1936. Between the two bills, there are hundreds of billions …
Cooperatives hope to benefit from federal funding opportunities Read More »
Two of Great River Energy’s member-owner cooperatives recently announced who will take the helm as their new chief executive officers. Ryan Hentges will be the next president and CEO at Dakota Electric Association, based in Farmington, Minnesota. Matt O’Shea has already begun serving as CEO of Stearns Electric Association, based in Melrose, Minnesota. Hentges comes …
This time of year is notably considered “the season of giving.” It’s when people find themselves slowing down to focus on what really matters: their loved ones, their neighbors and those in need. It’s a time to give thanks for what you have while also paying it forward to contribute toward the greater good. But …
Just as you take precautionary measures to prepare for the winter season, so too do utilities and the organizations that manage, monitor and regulate the electric system. Grid stakeholders work together year-round to ensure electric service is reliable by conducting various assessments ahead of each season to project the energy needs of homes and businesses. …
Speakers from electric utilities and state agencies shared stories about the future of energy in Minnesota at a recent Department of Commerce media event. Among the topics was the importance of strengthening Minnesota’s energy highways with transmission lines, such as the proposed Northland Reliability Project, to provide critical infrastructure for reliable energy. Great River Energy’s …
Patel shares importance of new transmission at statewide event Read More »
Electric cooperative members across Great River Energy and its member-owners’ service territories collectively received millions of dollars as part of a benefit of the cooperative business model. As not-for-profit organizations, cooperatives are owned by their members and operate at cost. Any excess revenue that is left over once all bills associated with doing business have …
One of Great River Energy’s member-owner cooperatives recently announced a new leader. Jennifer Stryhn has been named CEO and general manager of Agralite Electric, a cooperative based in Benson, Minnesota. “Jennifer is the right leader for Agralite Electric Cooperative,” Agralite Board President Orvin Gronseth said. “She has proven herself as a leader, shown business vision …
Stryhn named next CEO and general manager of Agralite Electric Read More »
When considering the switch to electric transportation, it might be best to start thinking small. While electric vehicles (EVs) are receiving much of the attention, it’s actually the smallest forms of e-transportation, such as e-bikes, that are experiencing the largest surge of popularity. And what’s more, this popularity doesn’t seem to be limited to metro …
E-bike boom: Co-ops dip into e-bike sales following tech’s boost in popularity Read More »
Strategic decisions to stabilize wholesale electricity rates continue to serve Great River Energy’s member-owners well, but broader economic challenges will impact energy costs in the year ahead. Great River Energy’s average 2023 wholesale rate is projected to increase by an average of 6.2% from the 2022 budgeted rate; however, many of Great River Energy’s all-requirements …