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Member-owner cooperatives

Co-ops persevere through historic holiday storm

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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Year ends on financial high note

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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Two co-ops announce new leadership

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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Cooperatives return millions to members

Electric cooperative members across Great River Energy and its member-owners’ service territories collectively received millions of dollars as part of a benefit of the cooperative business model. As not-for-profit organizations, cooperatives are owned by their members and operate at cost. Any excess revenue that is left over once all bills associated with doing business have

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E-bike boom: Co-ops dip into e-bike sales following tech’s boost in popularity

When considering the switch to electric transportation, it might be best to start thinking small. While electric vehicles (EVs) are receiving much of the attention, it’s actually the smallest forms of e-transportation, such as e-bikes, that are experiencing the largest surge of popularity. And what’s more, this popularity doesn’t seem to be limited to metro

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LREC celebrates 85 years with a statue dedication

This year marks the 85th anniversary of local farmers and rural residents banding together to form Lake Region Electric Cooperative (LREC), one of Great River Energy’s 28 member-owner cooperatives. This group of people brought electricity to the people and farms located in surrounding rural areas which improved — and forever changed — the quality of

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Co-ops combat high temperatures, market prices during state’s ‘longest summer’

August came in hot — literally — for Minnesotans, and data collected from Great River Energy’s demand response programs this summer reflect the high temperatures and market prices. The month’s first week brought temperatures in the mid-90s with the National Weather Service Twin Cities recording the average daily high at 81.5 degrees Fahrenheit. In the

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Co-op lineman earns MREA LIFEguard Award

Stearns Electric Association lineman Mike Siemers recently earned a LIFEguard Award through the Minnesota Rural Electric Association (MREA). MREA recognizes cooperative employees throughout the state who go above and beyond the expectations of keeping individuals safe through its LIFEguard program. Siemers, a journeylineman for Stearns Electric — one of Great River Energy’s 28 member-owner cooperatives

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Cooperative Light & Power names new CEO

The Cooperative Light & Power (CLP) board of directors recently announced Joel Janorschke as the electric cooperative’s new chief executive officer/general manager. “We were very fortunate to have three excellent candidates for the position,” said Board President Scott Veitenheimer. “The board unanimously agreed that Joel had the experience, knowledge and skills that would be the

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