Category Archives: Cooperatives

Great River Energy to be conservative in returning to normal work arrangements

As government officials at the state and federal levels begin to lift restrictions and turn their attention to re-opening businesses, Great River Energy and electric utilities everywhere are beginning to discuss how they will approach returning to more normal business operations. Since March 12, all Great River Energy employees who can reasonably work from home […]

Member Moment: BENCO Electric Cooperative

“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. When cooperatives work together, great things can happen. BENCO Electric Cooperative (BENCO), which has served southern Minnesota residents with reliable, affordable electric service since 1935, regularly demonstrates the “cooperation among cooperatives” guiding principle […]

Effective planning, aggressive steps make pandemic response a success

Extraordinary times and extraordinary measures – these are the kinds of scenarios that people who manage risk for electric cooperatives think long and hard about year in and year out, even when things are going smoothly. This kind of thinking is what prepared Great River Energy to continue reliable service when the coronavirus (COVID-19) pandemic […]

Annual report details co-op’s performance

Every year, Great River Energy provides member-owners and other stakeholders a detailed report of the prior year’s financial and operational results. Great River Energy’s 2019 Annual Report includes company performance and outlines company leaders’ expectations for the future. The Great River Energy 2019 Annual Report is available here.

Co-ops and COVID-19: Elections, reporting continue despite pandemic

Although the coronavirus pandemic prevented Great River Energy’s stakeholders from their traditional in-person gathering in 2020, Great River Energy completed its cooperative duty by holding elections and disclosing financial and operational information. “Our first priority is keeping our stakeholders safe and healthy, but our obligation to member-owners remains,” said Great River Energy President and Chief […]

$10 million of patronage capital returned to members

When member-owner cooperatives have positive financial results, they return cash to their members. When Great River Energy’s financial position is strong, it issues payments to the 28 cooperatives that own its company. For the second time in its history, Great River Energy retired patronage capital through cash payments to its 28 member-owner cooperatives. In all, […]

Recognizing lineworkers during the pandemic

They set out in the dead of night and the cold of winter to restore power. They climb poles, work from bucket trucks and drive to remote locations to keep electricity flowing to your home. Even during the coronavirus pandemic, these technicians perform critical work to ensure reliability and public safety. Line technicians were recognized […]

Board brings relief for members affected by coronavirus

Great River Energy’s board of directors earlier this month allocated funds to assist its 28 member-owner cooperatives with financial challenges related to the coronavirus pandemic. The cooperative allocated $3 million to assist its member-owners with unforeseen expenses, such as missed payments and forgiven late fees. “This demonstrates why 28 cooperatives benefit by being united as […]

Member Moment: Todd-Wadena Electric Cooperative

“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. This member-owner cooperative has deep roots in its communities and provides electric service to one of the largest seed corn companies in the United States. Todd-Wadena Electric Cooperative (TWEC) was one of the […]