Great River Energy’s wholesale electric rate to increase 2.9% in new year The Great River Energy board of directors approved the cooperative’s 2026 budget and rates Nov. 6, setting the stage for a 2.9% average wholesale rate increase next year. The generation and transmission cooperative is budgeting revenue and expenses of approximately $1.1 billion in […]
Board approves 2026 budget and rates Read More »
Energy leaders and state partners gathered Wednesday, Oct. 8, at a groundbreaking celebration for the Northland Reliability Project, a transformative transmission project that will boost grid reliability and resilience in northern and central Minnesota as the clean-energy transition continues. Jointly owned by Great River Energy and Minnesota Power, the Northland Reliability Project is the first
State and industry celebrate groundbreaking on Northland Reliability Project Read More »
Great River Energy has executed commercial agreements for a new, large-scale energy storage project tied to the Emmons-Logan Wind project in North Dakota. The project is set to integrate a lithium-ion energy storage system, leveraging the existing interconnection to maximize efficiency, economic value and renewable energy utilization. With a project size of 140 megawatts, this
Energy storage project to bolster Midwest’s renewable energy landscape Read More »
Northland Reliability Project is first major transmission initiative in MISO’s Tranche 1 BECKER, Minn. – Energy leaders and state partners gathered today at a groundbreaking celebration for the Northland Reliability Project, a transformative transmission project that will boost grid reliability and resilience in northern and central Minnesota as the clean-energy transition continues. Jointly owned by
With several significant regional transmission and other construction projects on the horizon, Great River Energy recently sought and secured necessary funding from the capital markets. The cooperative launched and priced a private placement note issuance that attracted strong investor demand, and ultimately secured $300 million at an interest rate of 5.80%. Of the 17 institutional investors participating,
Bond issuance secures $300 million for electric system enhancements Read More »
Annual meeting organizes democratically elected board for upcoming year Representatives from the member-owners of Great River Energy met June 4 to perform their annual review of the board of directors and elect leadership for the year ahead. These annual meetings are an essential component of the cooperative business model. Cooperatives are governed by directors who
Great River Energy seats directors, elects officers Read More »
Minnesota Paddling Opener brings people to the Mississippi River Great River Energy was recently named title sponsor of an event that ties together the great Minnesota outdoors, the Mississippi River and portions of its member-owner service territory. The Minnesota Paddling Opener is an annual celebration that attracts hundreds of paddlers — people who kayak, canoe
New title sponsorship connects co-ops with river communities Read More »
Great River Energy was recognized for achievements in communications and marketing by the National Rural Electric Cooperative Association (NRECA) for its “Be the One” safety campaign, which focuses on speaking up for safety and using stop work authority. Great River Energy received the Silver Award in the Best Strategic Communications Campaign category in NRECA’s Spotlight
Safety campaign wins national strategic communications award Read More »
A new member was recently seated on Great River Energy’s board of directors. Kyle Weideman was first elected to the Cooperative Light & Power board of directors in May 2021. He served as treasurer of the Two Harbors-based co-op before being elected as vice president at the cooperative’s annual meeting this year. Weideman officially joined
Great River Energy board seats new director Read More »
Great River Energy recently published its annual report, which details the cooperative’s operations and financial performance over the past calendar year. Also included in the 2024 report is a letter to members and stakeholders from President and Chief Executive Officer David Saggau and Board Chair Bob Bruckbauer; a look at Great River Energy’s energy network
Annual report now available Read More »