Member-owner cooperatives Archives - Page 9 of 13 - Great River Energy
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Member-owner cooperatives

Great River Energy returns $25 million to members

Company news, Cooperatives, Member-owner cooperatives /

Cooperatives are not-for-profit organizations that operate at cost, only collecting enough revenue to run the business and meet their financial obligations. When a cooperative enjoys financial success, it returns those dollars to members through patronage capital payments. That’s what occurred in March when Great River Energy issued $25 million in patronage capital payments to member-owners. […]

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Energy forum engages rural Minnesota in clean energy conversation

Beneficial electrification, Company news, Initiatives, Member-owner cooperatives, Renewable energy /

From increased adoption of electric vehicles to navigating the ongoing transition to cleaner energy, Minnesota’s not-for-profit electric cooperatives offer innovative energy programs to member-owners. In a time of remarkable industry change, Lake Region Electric Cooperative (LREC) — one of Great River Energy’s member-owner cooperatives — hosted an open forum for its member-owners last month. Electric cooperatives across

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Rural fire assistance a priority for cooperatives

Company news, Member-owner cooperatives, Sustainability /

Firefighting is a human endeavor, with selfless individuals working to protect people and their property. But it is also an equipment-intensive operation, with critical vehicles and gear requiring consistent and routine maintenance. Rural communities across Minnesota often face difficulties procuring the funding necessary to maintain or replace that equipment, resulting in communities at risk. Fortunately,

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Angel Foundation wins statewide Touchstone Energy Community Award

Cooperatives, Member-owner cooperatives /

A nonprofit organization that provides support and financial assistance to Minnesotans and their families who are battling cancer is this year’s statewide winner of the Touchstone Energy Community Award. Angel Foundation accepted the award along with a $1,000 prize from Minnesota’s Touchstone Energy Cooperatives, a collective of electric co-ops that provide community support and host

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Bill credits counteract inflation effects

Company news, Cooperatives, Member-owner cooperatives /

Corporate earnings for 2021 are showing all-time high profits for American companies, on average. Those funds might be used by companies to buy back shares, pay higher dividends and build their balance sheets. At a cooperative like Great River Energy, those dollars are given back to the membership. Due to strong sales and cost containment,

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Co-ops lead national electric bus initiative

Beneficial electrification, Company news, Cooperatives, Electric vehicles, Initiatives, Member-owner cooperatives /

Electric cooperatives are spearheading a new initiative to accelerate the deployment of electric school buses (ESBs) across the country. This coalition was launched with the Beneficial Electrification League (BEL) in advance of the disbursement of federal funds targeted to ESBs included in the Investment in Infrastructure and Jobs Act passed by Congress in 2021. Great

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Bringing our message to members

Company news, Member-owner cooperatives /

Great River Energy directors, member-owner cooperative directors and key staff gathered in early February at meetings in Hinckley and Mankato, Minnesota — while many also joined virtually — to hear about Great River Energy’s 2021 performance and results while learning more about what lies ahead. Great River Energy hosts regional meetings annually to provide information

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First responders get firsthand EV safety training

Cooperatives, Electric vehicles, Member-owner cooperatives /

Access to, and demand for, electric vehicles (EV) continues to increase as more states implement transportation standards to reduce their greenhouse gas emissions and with growing consumer interest in driving electric. Minnesota is working to become the Midwestern leader for plug-in EV use and recently adopted clean car standards with a goal for 20% of

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Co-ops donate year-end dollars to fire departments, food pantries

Community, Company news, Cooperatives, Member-owner cooperatives, Sustainability /

Electric cooperatives do more than just provide a necessary service to their members; they also have a vested interest in the success of the communities they serve. They show a commitment to these communities in various ways, including monetary donations to nonprofit organizations. Between Great River Energy and one of its member-owner cooperatives, 20 food

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