Cooperatives Archives - Page 11 of 23 - Great River Energy
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Unique loan program supports advanced manufacturing

Community, Cooperatives, Economic development, Member-owner cooperatives /

The Energy Efficient Equipment (E3) Loan Program administered by Great River Energy is seeing an uptick in activity as businesses work to overcome challenges related to workforce shortages, inflationary interest rates, and increased shipping and material costs. One recent example is Midstate Plastics Corporation, a thermoforming and injection molded plastics manufacturer based in the northern …

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Federal action makes transmission investment even better for member cooperatives

Company news, Cooperatives, Transmission /

Great River Energy employees have been hard at work for the last couple of years ensuring the massive power grid buildout underway in the Upper Midwest is in the best interest of the cooperative’s member-owners for reliability, affordability and fairness. They have enjoyed several significant victories throughout the process, not the least of which came …

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Stearns Electric supports manufacturing facility expansion

Cooperatives, Economic development, Member-owner cooperatives /

The U.S. Department of Agriculture (USDA) has awarded a $1.5 million loan to Stearns Electric Association, one of Great River Energy’s 27 member-owner cooperatives, to support the expansion of the Berkon Outdoors manufacturing facility. Berkon Industries, LLC was established in 2001 as an all-cedar dock manufacturing company owned and operated by entrepreneur Eric Berscheid. Berkon …

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New year brings new wind resources

Company news, Cooperatives, Power generation resources, Renewable energy /

Great River Energy begins 2023 by adding two new wind agreements to its growing portfolio of renewable resources. The new year brought two new energy resources to Great River Energy’s power supply portfolio. The projects will collectively add more than 300 megawatts (MW) of nameplate generating capacity — and zero emissions. “Adding cost-effective wind resources …

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Co-ops persevere through historic holiday storm

Cooperatives, Member-owner cooperatives, Power generation resources /

The electric system proved resilient as Winter Storm Elliott brought blizzard conditions and subzero temperatures to the Midwest in the days leading up to Christmas. However, at critical moments Great River Energy and its member-owner cooperatives stepped up to keep the system reliable. Great River Energy and its member-owner cooperatives have designed their systems to …

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Public invited to learn more about the Northland Reliability Project

Company news, Cooperatives, Transmission /

Public open houses for the Northland Reliability Project began this month. The open houses will have stops in seven different cities from Grand Rapids to Becker with two meetings at each location. They are being held throughout the study area to provide the public with information about Great River Energy, Minnesota Power and the project …

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Year ends on financial high note

Company news, Cooperatives, Member-owner cooperatives /

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 …

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Cooperatives hope to benefit from federal funding opportunities

Cooperatives, Transmission /

The federal funding opportunities provided through the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) are said to be a “once in an era” investment into our nation’s infrastructure and offer the largest opportunity to develop energy infrastructure since the Rural Electrification Act of 1936. Between the two bills, there are hundreds of billions …

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Two co-ops announce new leadership

Cooperatives, Member-owner cooperatives /

Two of Great River Energy’s member-owner cooperatives recently announced who will take the helm as their new chief executive officers. Ryan Hentges will be the next president and CEO at Dakota Electric Association, based in Farmington, Minnesota. Matt O’Shea has already begun serving as CEO of Stearns Electric Association, based in Melrose, Minnesota. Hentges comes …

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A commitment to those who serve: Great River Energy includes veterans, service members and family in its concern for community

Community, Company news, Cooperatives, Employee news /

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 …

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