Minnesota electric cooperatives send lineworkers to restore power in communities ravaged by hurricanes Unprecedented times call for an unprecedented response. After evaluating the mass devastation caused to their communities by Hurricane Helene, several electric cooperatives in South Carolina put out a call for mutual aid to help restore power after the storm caused outages to …
Projects that will strengthen electricity reliability and open pathways for renewable energy in the Midwest are poised to take a major step forward this winter. Great River Energy, wholesale power provider to 27 member-owner distribution cooperatives in Minnesota, has been one of several utilities working with the region’s grid operator, MISO, over the last two …
Construction of the eastern segment, Alexandria-Big Oaks, to start in 2025 Several regional energy companies are moving ahead with a new high-voltage transmission line that will increase the capability of the transmission system to reliably meet customer demand and deliver energy within the Upper Midwest, following Thursday’s unanimous approval from the Minnesota Public Utilities Commission. …
The Pratt & Whitney FT4 combustion turbine has been a cornerstone for peaking plants across the country — including Great River Energy’s St. Bonifacius facility — since manufacturing began in the 1960s. However, it is becoming increasingly important to keep the turbines in peak condition due to their age and the number of units still …
Gas turbines take center stage at conference hosted by Great River Energy Read More »
President Joe Biden announced the first round of finalists for the Empowering Rural America (New ERA) program, part of the administration’s efforts to boost clean energy investments in rural communities, at an event held Sept. 5 in Westby, Wisconsin. Great River Energy was among the cooperatives announced as a finalist. The New ERA program aims …
Great River Energy named finalist for clean energy funding Read More »
Powerful Potential program raises awareness of electric cooperative career paths Over the next 10 years, one-third of skilled trades professionals will retire and leave the workforce at a faster rate than younger workers can replace them. To maintain a safe and reliable electric system while tackling the energy challenges ahead, Great River Energy has set …
A significant leap in energy technology was marked as Great River Energy and Form Energy broke ground on the first-of-its-kind 1.5 megawatt (MW) multi-day energy storage project in Cambridge, Minnesota. The Cambridge Energy Storage Project represents a groundbreaking partnership between Great River Energy and Form Energy, aimed at addressing one of the most critical challenges …
In a special meeting on Aug. 1, Great River Energy’s member-owner cooperatives approved the agreements required for Crow Wing Power to exit membership in Great River Energy. Crow Wing Power’s withdrawal from membership in Great River Energy will be effective Jan. 1, 2025, subject to expected approvals from MISO and Crow Wing Power’s lender, the …
Membership approves customer arrangement with Crow Wing Power Read More »
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 »
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 …