Moody’s Ratings has affirmed its A3 rating of Great River Energy, maintaining a stable outlook for the cooperative. This affirmation highlights confidence in Great River Energy’s financial strength, even as the organization prepares for a significant increase in capital spending over the next several years. “Moody’s affirmation of our credit rating is a testament to Great River […]
Moody’s affirms strong credit rating Read More »
National grid exercise simulates wildfires, ice storms and sabotage Practice makes perfect. That was the mantra last month at Great River Energy as the two-day GridEx VIII crisis exercise simulated several emergencies, including a substation fire, cybersecurity breach, wildfire, winter storm and widespread power outage. GridEx, the electricity industry’s largest cyber and physical security exercise, is hosted every two years
GridEx VIII puts Great River Energy to the test Read More »
Great River Energy was recently selected as the winner of POWER Magazine’s prestigious 2025 Transmission & Distribution Award, recognizing the electric cooperative’s groundbreaking dynamic line rating project with Heimdall Power. The Transmission & Distribution Award honors companies that have implemented groundbreaking projects to enhance grid reliability, efficiency and sustainability. It recognizes forward-thinking initiatives that leverage
Dynamic line rating project earns co-op prestigious award Read More »
Great River Energy ranked among Healthiest 100 Workplaces Great River Energy was recently recognized for its commitment to workplace wellness and exceptional health and benefits offerings by once again receiving the Healthiest 100 Workplaces in America award designation. The award highlights organizations from across the nation of various sizes and industries. Great River Energy is
‘A true culture of health’ Read More »
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 »