Member-owner cooperatives Archives - Page 12 of 13 - Great River Energy
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Member-owner cooperatives

Minnesota co-ops win Spotlight on Excellence awards

Member-owner cooperatives /

Two of Great River Energy’s member-owner cooperatives were recognized for achievements in communications and marketing by the national association of electric cooperatives. Lake Country Power (LCP) and Wright-Hennepin Cooperative Electric Association (WH) were honored by the National Rural Electric Cooperative Association with Spotlight on Excellence Awards for their outstanding work this past year. The program’s […]

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Terebinth Refuge wins statewide Minnesota Touchstone Energy Community Award

Community, Cooperatives, Member-owner cooperatives /

A St. Cloud-based nonprofit is the recipient of the statewide 2020 Minnesota Touchstone Energy Community Award. Terebinth Refuge, a shelter and safe home serving sexually exploited and trafficked women in Minnesota, received the award from the Minnesota Rural Electric Association along with $1,000 for its efforts. Minnesota Touchstone Energy cooperatives adhere to the seven cooperative

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Member Moment: Todd-Wadena Electric Cooperative

Community, Cooperatives, Member-owner cooperatives /

“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

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Board brings relief for members affected by coronavirus

Company news, Cooperatives, Member-owner cooperatives /

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

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$10 million of patronage capital returned to members

Company news, Cooperatives, Member-owner cooperatives /

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,

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

Company news, Cooperatives, Member-owner cooperatives /

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

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Fourth solar project producing power for Dakota Electric members

Member-owner cooperatives, Power generation resources, Renewable energy /

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

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Co-ops lead in growing indoor ag trend

Beneficial electrification, Cooperatives, Member-owner cooperatives /

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

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Member Moment: Arrowhead Cooperative

Cooperatives, Member-owner cooperatives /

“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

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