Strategic decisions to position its power supply portfolio and control costs have Great River Energy poised to begin 2021 in a strong financial position while reducing rates to member-owner cooperatives. Great River Energy’s average 2021 wholesale rate is projected to decrease 0.2% from the 2020 budgeted rate. The cooperative’s 2021 revenue requirement is budgeted to […]
Great River Energy came in at No. 61 in National Cooperative Bank’s recently released NCB 100® listing of the nation’s top 100 revenue-earning cooperative businesses. Cooperatives exist in a cross-section of sectors including agriculture, grocery, hardware and lumber, finance, energy and communications, housing, and recreation. These co-ops provide over 2 million jobs and create more […]
Agreement will add 200 megawatts of renewable capacity to cooperative’s portfolio Great River Energy has signed a power purchase agreement for 200 megawatts (MW) of wind energy from a project in Deuel County, South Dakota. Through an agreement with Invenergy, a Midwest-based developer and operator of sustainable energy solutions, Great River Energy will supply its […]
During a recent conference hosted by a North Dakota energy group, Great River Energy President and Chief Executive Officer David Saggau detailed the economic reasons behind Great River Energy’s decision to shut down its Coal Creek Station power plant. Saggau informed the membership of the Lignite Energy Council about plans to shut down the Underwood, […]
Member-owned, nonprofit and democratically governed cooperatives are uniquely suited to serve suburban and rural communities as well as critical industries If you’ve ever traveled up north, visited a cabin or farm, gone camping or otherwise left town, there is a good chance you ventured into the parts of Minnesota served by electric cooperatives. “Co-ops tend […]
Great River Energy was recently presented with a Leadership and Innovation Award by a Cooperative Electric Utility by Clean Grid Alliance (CGA). CGA noted Great River Energy’s “track record of success,” including “clean energy and carbon reduction, adopting renewables, electrification, leading on building new transmission through the CapX2020 initiative, working on long-duration energy storage, service […]
Great River Energy’s Vice President and Chief Information Officer Jim Jones was recognized Sept. 18 as a finalist in the Twin Cities CIO of the Year ORBIE Awards. Judges rank finalists on innovation, leadership, business value creation and community involvement. Awards are presented each year in six different categories of organizations: global, enterprise, large enterprise, […]
Midwest energy market maintains sufficient resources for reliability A persistent, record-breaking heat wave hit California in August, causing the state’s three biggest utilities to cut power to hundreds of thousands of homes and businesses for about an hour at a time until the emergency declaration ended a few hours later. These rolling blackouts—the first California […]
Great River Energy President and Chief Executive Officer David Saggau continues to lead his team of 800-plus employees through the COVID-19 pandemic. Great River Energy has gone to great lengths to ensure employees are safe and wholesale electricity remains reliable. The pandemic presented many challenges to Great River Energy, but the company’s performance remains strong. […]
As Great River Energy planned to demolish a power plant, employees found a way to preserve the site’s beloved falcons – and set an example that could have lasting effects on peregrine falcon populations. A pair of peregrine falcons returned in March to a Great River Energy facility location in Elk River and accepted their […]