Member-owner cooperatives Archives - Page 5 of 5 - Great River Energy
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Member-owner cooperatives

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 …

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$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, …

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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 …

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Member Moment: Meeker 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. 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 …

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Fourth solar project producing power for Dakota Electric members

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

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

“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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$5 million refunded to membership

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 …

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Construction underway on Faribault air separation plant

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 …

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Shipping container to grow leafy greens year-round arrives

An insulated shipping container outfitted with a complete hydroponic growing system that will provide numerous Minnesotans with fresh, leafy greens year-round recently reached its destination. Central Lakes College’s (CLC) Ag and Energy Center in Staples is the new home of ‘Sota Grown, a collaborative indoor agriculture project between Todd-Wadena Electric Cooperative (TWEC), Lakewood Health System …

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