Moody’s affirms strong credit rating  

Moody’s Ratings has affirmed its A3 rating of Great River Energy, maintaining a stable outlook for the cooperative.  

This affirmation highlights confidence in Great River Energy’s financial strength, even as the organization prepares for a significant increase in capital spending over the next several years. 

“Moody’s affirmation of our credit rating is a testament to Great River Energy’s sound financial management and the strong support of our member-owners,” said Great River Energy’s Treasury Services Director Tim Faulkner. “Our investments in the electric system will ensure we continue to deliver safe, affordable and reliable energy for years to come.” 

Great River Energy’s annual capital investments are projected to support major transmission projects to address regional reliability and strengthen the grid.  

Despite the need for additional debt to fund these projects, Moody’s expects Great River Energy’s financial metrics to remain appropriate for the rating level, thanks to proactive measures taken by the cooperative.