The board of directors for Great River Energy member-owner cooperative East Central Energy (ECE) approved four new Revolving Loan Fund (RLF) loans in 2024, providing $730,000 in financing to support a variety of economic development and business expansion projects in east central Minnesota. From food processing to fire trucks, this RLF — supported by the […]
East Central Energy’s financing program sees busy year Read More »
Great River Energy team recognized for application of novel EV roadmap tool A team of Great River Energy employees was recently recognized by the Electric Power Research Institute (EPRI) for the application of an interactive, online tool for understanding where, when and how much electric vehicle (EV) charging load is likely to materialize on the
Projecting the impact of electric vehicles Read More »
Each year, a statewide group of electric cooperatives conducts a program that recognizes local organizations — oftentimes nonprofits — that bring value to and make a positive impact on the communities they serve. Minnesota’s Touchstone Energy Cooperatives are part of a national network of electric cooperatives across 46 states dedicated to the values of integrity,
Co-ops recognize local groups for commitment to community Read More »
Great River Energy provides wholesale electric service to Minnesota electric cooperatives with an eye toward its triple bottom line of rates, reliability and environmental stewardship. Great River Energy’s wholesale electric rates stand approximately 20% below the weighted regional average cost of electricity. Its reliability scores remain strong, and the cooperative is testing leading-edge technologies to
Great River Energy: Powering what’s possible Read More »
Great River Energy leadership traveled north and south to share information, discuss strategies with hundreds of member-owners Great River Energy is owned by 26 member-owner cooperatives. Each one of them is governed by a local board of directors that is elected from and by the membership. Hundreds of those leaders of Minnesota’s electric cooperatives gathered
Meeting the membership where they are Read More »
Following a contentious election season, Minnesota and North Dakota legislators are back to work in their respective state capitols for their 2025 legislative sessions. Great River Energy will be keeping a close eye on the happenings of the legislatures and taking the time to educate new and returning elected officials while advocating on behalf of
Legislatures feature new faces, opportunities in 2025 Read More »
Five students each recently received a $500 scholarship in honor of one of Minnesota’s electric cooperative leaders. The Jay A. York Scholarship was established in 1994 in recognition of the first Minnesotan to head the National Rural Electric Cooperative Association. York was a prominent figure in the rural electric cooperative industry for nearly 30 years.
Scholarships awarded in honor of co-op leader Read More »
Goodwill and giving often take center stage during the end-of-year holiday season as people come together to support those who are most in need. But for electric cooperatives, the spirit of giving is not limited to this time of year. Instead, community is a focus year-round because co-ops like Great River Energy are rooted in
Strengthening communities through year-round giving Read More »
Great River Energy is budgeting for revenue and expenses of approximately $1.1 billion in 2025, as it allocates funds to operate the business in addition to making necessary investments in the electric system. As a not-for-profit cooperative, Great River Energy collects enough revenue to cover its costs as well as a margin to operate the
Board approves budget and rates for year ahead Read More »
Great River Energy is one of 12 cooperative electric utilities across the country selected to negotiate contracts for over $97 million in federal infrastructure funding. The funding will be provided through the Department of Energy’s $10.5 billion Grid Resilience and Innovation Partnerships (GRIP) program, which was created through the Bipartisan Infrastructure Law of 2021 to
Great River Energy receives $15.4M for grid initiatives Read More »