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 …
A significant economic boost is expected from the Northland Reliability Project with positive impacts on jobs and wages and about $2 billion in total impacts to Minnesota’s economy, according to a study by the Bureau of Business and Economic Research at the University of Minnesota Duluth’s Labovitz School of Business and Economics. Minnesota Power and …
Northland Reliability transmission project provides sizable boost to state’s economy Read More »
Great River Energy has donated a fire hose test station to the Dexter Fire Department, which is the department that would provide emergency services for Great River Energy’s Pleasant Valley Station in the event of a fire or site emergency. The new piece of equipment is used to test fire hoses to ensure they achieve …
Great River Energy donates fire test hose station to Dexter Fire Department Read More »
Great River Energy’s company culture earns national recognition Great River Energy once again earned a “Great Place To Work” certification following the results of a recent employee survey. The award is based entirely on what current employees say about their experience working at Great River Energy. This year, 89% of employees said the cooperative is …
Great River Energy has donated a fire hose test station to the Trimont Fire Department, which is the department that would provide emergency services for Great River Energy’s Lakefield Junction Station in the event of a fire or site emergency. The test station is used to test fire hoses to ensure they are achieving optimal …
Great River Energy donates fire test hose station to Trimont Fire Department Read More »
Cash payments to members are central to cooperative business model Cooperatives are not-for-profit organizations that are owned by the members they serve with their services provided at cost. They only collect enough revenue to run the business and meet financial obligations. After paying operating expenses, all remaining margins are allocated to members based on revenue …
Great River Energy, wholesale power provider to 27 member distribution cooperatives, is asking Minnesota communities to join the National Rural Electric Cooperative Association and hundreds of co-ops across the U.S. in recognizing the work line technicians do for the communities they serve on April 8, 2024, Lineworker Appreciation Day. “Our line technicians play a critical …
Thanks to the lineworkers who keep the lights on Read More »