August 22, 2017 3:57 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Great River Energy

Company Overview

Great River Energy, a not-for-profit electric cooperative, generates and transmits electricity in Minnesota and Wisconsin, the United States. It provides wholesale electric services to member distribution cooperatives that engage in the retail sale of electricity to member consumers. The company generates electricity from solar, wind, biomass, hydro, coal, refuse-derived fuel, fuel oil, and natural gas sources. It owns and operates approximately 4,750 miles of transmission lines, as well as transmission substations. The company also sells steam and fly ash; and produces and sells ethanol, dry and modified distiller grain, and distiller oil. Great River Energy is based in Maple Grove, Minneso...

12300 Elm Creek Boulevard

Maple Grove, MN 55369

United States

1,600 Employees

Phone:

763-445-5000

Fax:

763-445-5050

Key Executives for Great River Energy

Chief Executive Officer and President
Chief Financial Officer and Vice President
Chief Information Officer and Vice President
Vice President and General Counsel
Chief Market Officer and Vice President
Compensation as of Fiscal Year 2017.

Great River Energy Key Developments

Great River Energy Names Priti Patel as Vice President and Chief Transmission Officer

On May 16, 2017, the Great River Energy named Priti Patel as vice president and chief transmission officer, effective May 31, 2017. In her new role, Patel will report to company President and CEO David Saggau and will oversee the planning, construction, operations and maintenance of the company's transmission assets. The 20-year industry veteran is regional executive to the North Region and executive director for transmission system planning and competitive transmission for the Midcontinent ISO. Before joining MISO, Patel held roles in general counsel, transmission development, and corporate strategy and planning at Xcel Energy Inc. She was co-executive director of the CapX2020 transmission expansion initiative, of which Xcel Energy and Great River Energy were among participating companies.

Great River Energy Closes 50-Year-Old North Dakota Power Plant in Mercer County

Great River Energy has closed a 50-year-old coal-fired power plant in Mercer County. The company said in July it would shutter the plant rather than move forward with expensive upgrades. Fifty-five of 68 employees and specialty contractors remain at the plant. They'll clean and strip the facility down to mortar and steel for its final decommissioning May 1. Some of the remaining employees will retire, while another 28 are moving to other GRE facilities. A few remaining employees will be left to seek employment.

Great River Energy Signs Purchase Power Agreement with an Affiliate of Nextera Energy Resources for a New 300-Megawatt Wind Project

Great River Energy recently signed a purchase power agreement with an affiliate of NextEra Energy Resources LLC for a new 300-megawatt (MW) wind project to be built in south-central North Dakota. Construction on the Emmons-Logan wind project is slated to begin in 2019 and to be completed by the end of that year. It will feature 133 General Electric wind turbines in Emmons and Logan counties that are capable of generating enough clean, renewable energy to power 120,000 homes. As a result of the project, these local communities will receive approximately $1.4 million in taxes each year. With the new project, Great River Energy’s wind capacity will include more than 700 megawatts, which meets or exceeds the requirements of Minnesota’s Renewable Energy Standard while providing more wind resources for its voluntary subscription programs, such as the Wellspring program for homes and businesses and Revolt program for electric vehicles.

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Recent Private Companies Transactions

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