Company news Archives - Great River Energy
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Members gather for update on company performance, strategy

Great River Energy’s leadership and board of directors hit the road earlier this month to educate member-owners about the company’s performance and plans for the future. Regional meetings were held in Mankato and Hinckley to offer a convenient option for both northern and southern cooperatives to attend in person. Nearly 200 member-owner directors and key …

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Great River Energy offering annual scholarships to North Dakota students

Great River Energy is offering scholarships for graduating seniors who are pursuing a four-year or vocational-technical degree in North Dakota. This year, up to six, $500-1,000 scholarships will be awarded to graduating seniors from the following North Dakota high schools: Applicants do not need to be related to a Great River Energy employee. Application deadline …

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New year brings new wind resources

Great River Energy begins 2023 by adding two new wind agreements to its growing portfolio of renewable resources. The new year brought two new energy resources to Great River Energy’s power supply portfolio. The projects will collectively add more than 300 megawatts (MW) of nameplate generating capacity — and zero emissions. “Adding cost-effective wind resources …

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Public invited to learn more about the Northland Reliability Project

Public open houses for the Northland Reliability Project began this month. The open houses will have stops in seven different cities from Grand Rapids to Becker with two meetings at each location. They are being held throughout the study area to provide the public with information about Great River Energy, Minnesota Power and the project …

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Year ends on financial high note

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 …

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Public invited to learn about Northland Reliability power line project, offer feedback at open houses

Minnesota Power and Great River Energy will host a series of open houses in late January and early February where members of the public can learn more about the companies’ joint Northland Reliability Project. Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), and Great River Energy, a wholesale electric power cooperative, plan to …

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A commitment to those who serve: Great River Energy includes veterans, service members and family in its concern for community

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 …

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Staying prepared for any weather

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. …

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Budget, rates set for 2023

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 …

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Great River Energy ranks among ‘Healthiest Employers’ in Minnesota

Ongoing efforts to improve employee wellness earned Great River Energy a place among the 2022 honorees for this year’s Healthiest Employers of Minnesota list. The electric cooperative took second place in the midsize category (500-4,999 employees) for Minnesota employers — behind only Syngenta, which employs more than 4,000 people. Employers from this region were recognized …

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