“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 employees regularly volunteer in chamber …
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 …
Board brings relief for members affected by coronavirus Read More »
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, …
$10 million of patronage capital returned to members Read More »
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 …
Co-ops and COVID-19: Elections, reporting continue despite pandemic Read More »
“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. Meeker Cooperative’s year of incorporation alone—1935—suggests it holds a storied history, which the electric co-op delivers on and continues to add to year after year. The co-op was chosen by the Rural Electric …
Dakota Electric Association members are receiving more electricity from the sun through a new 3-megawatt solar facility built specifically for the cooperative’s members. The 15-acre solar site, south of Farmington, Minnesota, is expected to have a 25-year life and will produce enough electricity to power about 600 average homes. The 10,368 panels will produce more …
Fourth solar project producing power for Dakota Electric members Read More »
Minnesota grocers have long relied on trucking in salad greens and tomatoes from farms thousands of miles away for at least a portion of the year. This amount of travel compromises produce quality and freshness, raises prices and creates more carbon emissions. But with advanced indoor farming technology, produce can be grown closer to home …
“Member Moment” highlights one of Great River Energy’s member-owner cooperatives and how it uniquely demonstrates what it means to be a cooperative. Tucked away near the Boundary Waters Canoe Area Wilderness, Lake Superior and Ontario, Canada, is Arrowhead Cooperative. After forming in 1953 when the Lutsen Light & Power Company closed its doors, Arrowhead has …
At the close of a very successful 2019, Great River Energy issued a refund to its member-owner cooperatives. Great River Energy far exceeded its 2019 margin goal, which allowed the cooperative to pay down future financial obligations and send $5 million to its member-owner cooperatives. “The success of 2019 will benefit members immediately through a …
Construction is underway in Faribault, Minnesota, on an independently owned and operated air separation plant that will be powered by reliable electric service from Steele-Waseca Cooperative Electric (SWCE), one of Great River Energy’s 28 member-owner cooperatives. Absolute Air—a consortium of five independent gas and welding supply distributors along with the Independent Welding Distributors Cooperative—will bring …
Construction underway on Faribault air separation plant Read More »