Company news Archives - Great River Energy
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Bond issuance secures $300 million for electric system enhancements

Company news /

With several significant regional transmission and other construction projects on the horizon, Great River Energy recently sought and secured necessary funding from the capital markets. The cooperative launched and priced a private placement note issuance that attracted strong investor demand, and ultimately secured $300 million at an interest rate of 5.80%. Of the 17 institutional investors participating, […]

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Great River Energy seats directors, elects officers

Company news, Cooperatives, Member-owner cooperatives /

Annual meeting organizes democratically elected board for upcoming year Representatives from the member-owners of Great River Energy met June 4 to perform their annual review of the board of directors and elect leadership for the year ahead. These annual meetings are an essential component of the cooperative business model. Cooperatives are governed by directors who

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New title sponsorship connects co-ops with river communities

Community, Company news /

Minnesota Paddling Opener brings people to the Mississippi River Great River Energy was recently named title sponsor of an event that ties together the great Minnesota outdoors, the Mississippi River and portions of its member-owner service territory. The Minnesota Paddling Opener is an annual celebration that attracts hundreds of paddlers — people who kayak, canoe

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Safety campaign wins national strategic communications award

Company news, Cooperatives, Employee news, Safety /

Great River Energy was recognized for achievements in communications and marketing by the National Rural Electric Cooperative Association (NRECA) for its “Be the One” safety campaign, which focuses on speaking up for safety and using stop work authority. Great River Energy received the Silver Award in the Best Strategic Communications Campaign category in NRECA’s Spotlight

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Great River Energy board seats new director

Company news, Cooperatives, Member-owner cooperatives /

A new member was recently seated on Great River Energy’s board of directors. Kyle Weideman was first elected to the Cooperative Light & Power board of directors in May 2021. He served as treasurer of the Two Harbors-based co-op before being elected as vice president at the cooperative’s annual meeting this year. Weideman officially joined

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Annual report now available

Company news, Cooperatives /

Great River Energy recently published its annual report, which details the cooperative’s operations and financial performance over the past calendar year. Also included in the 2024 report is a letter to members and stakeholders from President and Chief Executive Officer David Saggau and Board Chair Bob Bruckbauer; a look at Great River Energy’s energy network

Annual report now available Read More »

Great River Energy, ITC Midwest and Xcel Energy move forward with Upper Midwest’s first 765-kV electric transmission backbone

Company news, Transmission /

Project will bolster regional reliability and minimize environmental impact Several energy providers launched their plan to provide long-term electric reliability for customers by developing the Upper Midwest’s first 765-kilovolt (kV) transmission project, which will meet the significant growth in electricity use projected in the coming decades and improve access to new energy sources needed to

Great River Energy, ITC Midwest and Xcel Energy move forward with Upper Midwest’s first 765-kV electric transmission backbone Read More »

Minnesota Power, Great River Energy receive key regulatory approvals to build 345-kV transmission line for reliable, resilient grid

Company news, Transmission /

The Minnesota Public Utilities Commission today approved the Certificate of Need and Route Permit for Minnesota Power and Great River Energy’s jointly owned high-voltage transmission line to bolster electric reliability in northern and central Minnesota and support the regional clean energy transition. The Northland Reliability Project is an approximately 180-mile, double-circuit, 345-kilovolt (kV) transmission line

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Great River Energy secures hundreds of millions in federal funding

Company news, Initiatives, Power generation resources, Renewable energy /

Great River Energy and a consortium of its member-owners have officially secured a significant $812 million in funding provided by the U.S. Department of Agriculture’s (USDA) Empowering Rural America (New ERA) program, marking the culmination of nearly two years of dedicated effort by Great River Energy and its member-owners. This achievement represents the largest New

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Co-op receives national, statewide accolades

Company news /

Great River Energy recognized for commitments to workplace equality, well-being efforts and community outreach Great River Energy was recently notified of several recognitions it received related to the cooperative’s dedication to employees and the communities where it serves and operates. ‘Equality 100 Award’ designation Great River Energy received a score of 100 on the Human

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