Strong financial results allowed Great River Energy to return a bill credit to its member-owners Higher than expected annual revenues might inspire most companies to buy back shares, pay higher dividends or build their balance sheets. But not-for-profit cooperatives like Great River Energy provide electric service at cost and any additional gains are returned to …
Minnesota Power and Great River Energy will host a series of open houses in late January and early February where members of the public can learn more about the companies’ joint Northland Reliability Project. Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), and Great River Energy, a wholesale electric power cooperative, plan to …
This time of year is notably considered “the season of giving.” It’s when people find themselves slowing down to focus on what really matters: their loved ones, their neighbors and those in need. It’s a time to give thanks for what you have while also paying it forward to contribute toward the greater good. But …
Just as you take precautionary measures to prepare for the winter season, so too do utilities and the organizations that manage, monitor and regulate the electric system. Grid stakeholders work together year-round to ensure electric service is reliable by conducting various assessments ahead of each season to project the energy needs of homes and businesses. …
Strategic decisions to stabilize wholesale electricity rates continue to serve Great River Energy’s member-owners well, but broader economic challenges will impact energy costs in the year ahead. Great River Energy’s average 2023 wholesale rate is projected to increase by an average of 6.2% from the 2022 budgeted rate; however, many of Great River Energy’s all-requirements …
Ongoing efforts to improve employee wellness earned Great River Energy a place among the 2022 honorees for this year’s Healthiest Employers of Minnesota list. The electric cooperative took second place in the midsize category (500-4,999 employees) for Minnesota employers — behind only Syngenta, which employs more than 4,000 people. Employers from this region were recognized …
Great River Energy ranks among ‘Healthiest Employers’ in Minnesota Read More »
Midwest AgEnergy Group, LLC executed an agreement to sell 100% of Midwest AgEnergy to HLCP Ethanol Holdco, LLC (HLCP). Midwest AgEnergy is a biofuels enterprise of which Great River Energy is the majority owner. HLCP will assume ownership of Midwest AgEnergy and its associated businesses, including the Blue Flint and Dakota Spirit ethanol biorefineries as …
Agreement signed to sell Midwest AgEnergy Group, LLC Read More »
Cooperatives are built on the principle that a group of people united for a common cause is a powerful force. This is especially true when a cooperative must recover from a natural disaster. Great River Energy’s board of directors recently pledged $25,000 to the Florida Electric Cooperatives Association to aid in the relief effort for …
Helping co-ops in crisis: Board pledges $25,000 for Hurricane Ian recovery Read More »
Great River Energy recently made a public filing detailing the latest information about the cooperative’s power supply plans. The interim update was a requirement of Great River Energy from the Minnesota Public Utilities Commission (PUC) earlier this year. At that time, the PUC approved a one-year extension for the cooperative’s next full integrated resource plan …
Great River Energy files update to power supply plans Read More »
As summer draws to a close, Great River Energy and its member-owner cooperatives are looking back on a season of reliable electric service despite news coverage and warnings about a shortage of electricity in the Midwest. Even though the Midwest electric system had less surplus electricity than prior summers, the region still had nearly 8% …