Company news Archives - Page 13 of 14 - Great River Energy
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Board brings relief for members affected by coronavirus

Company news, Cooperatives, Member-owner cooperatives /

Great River Energy’s board of directors earlier this month allocated funds to assist its 28 member-owner cooperatives with financial challenges related to the coronavirus pandemic. The cooperative allocated $3 million to assist its member-owners with unforeseen expenses, such as missed payments and forgiven late fees. “This demonstrates why 28 cooperatives benefit by being united as …

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$10 million of patronage capital returned to members

Company news, Cooperatives, Member-owner cooperatives /

When member-owner cooperatives have positive financial results, they return cash to their members. When Great River Energy’s financial position is strong, it issues payments to the 28 cooperatives that own its company. For the second time in its history, Great River Energy retired patronage capital through cash payments to its 28 member-owner cooperatives. In all, …

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Co-ops and COVID-19: Elections, reporting continue despite pandemic

Company news, Cooperatives, Member-owner cooperatives /

Although the coronavirus pandemic prevented Great River Energy’s stakeholders from their traditional in-person gathering in 2020, Great River Energy completed its cooperative duty by holding elections and disclosing financial and operational information. “Our first priority is keeping our stakeholders safe and healthy, but our obligation to member-owners remains,” said Great River Energy President and Chief …

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Great River Energy aids in Heartview’s recovery expansion

Company news, Cooperatives, Sustainability /

As alcohol and drug addiction has risen – doubling in the past five years – so has the need for additional treatment services and space at the Heartview Foundation in North Dakota. To help meet the growing demand for treatment facilities, Great River Energy donated $50,000 to the Heartview Foundation’s capital campaign. The donated funds …

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A partner that cares: Sustainability at Great River Energy

Company news, Sustainability /

As a cooperative, Great River Energy is deeply committed to sustainability through solid environmental policies and practices and helping to build strong communities. Sustainability has been at the heart of the organization since it was formed in 1999. Great River Energy strives to provide its member-owner cooperatives with affordable, reliable energy in harmony with a …

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Great River Energy responds to pandemic

Company news, Safety, Sustainability /

As the coronavirus (COVID-19) continues to spread, Great River Energy is taking precautions to protect the health and well-being of its employees to ensure the co-op is prepared to keep the lights on for 1.7 million Minnesotans. Great River Energy has implemented its response plan, which includes enacting social distancing practices. Employees who can work …

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Organizations partner to preserve bird habitat

Company news, Sustainability /

Eighty acres of Great River Energy-owned property was recently placed in a conservation easement with the help of the Minnesota Land Trust. The area—adjacent to Carlos Avery Wildlife Management Area (WMA)—creates a natural, continuous habitat for numerous bird species, including red-shouldered hawks, sandhill cranes and red-headed woodpeckers. “The importance of this property cannot be understated,” …

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Survey reveals member views on energy

Company news, Cooperatives /

Those are the attributes Minnesota cooperative members value most about the electricity that serves their homes, schools and businesses. That is just one of the discoveries from a recent survey of 800 member-consumers who receive electricity from Great River Energy’s 28 member-owner cooperatives. Great River Energy has conducted this biennial survey since 2008. “This type …

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$5 million refunded to membership

Company news, Cooperatives, Member-owner cooperatives /

At the close of a very successful 2019, Great River Energy issued a refund to its member-owner cooperatives. Great River Energy far exceeded its 2019 margin goal, which allowed the cooperative to pay down future financial obligations and send $5 million to its member-owner cooperatives. “The success of 2019 will benefit members immediately through a …

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