Financing

Services: Incentive and Financial Resource Programs

Contact: Jeff Borling, Economic Lead

Address: 230 W Superior St 400, Duluth, MN 55802

Phone: 218.355.8088

Email: jborling@grenergy.com

Description:

Great River Energy is the second largest electric wholesale power supplier in state and the fourth largest generation and transmission (G&T) cooperative in the U.S. in terms of assets. Great River Energy provides wholesale electric service to 28 distribution cooperatives in Minnesota and into northwestern Wisconsin. Those member cooperatives distribute electricity to approximately 685,000 homes, businesses and farms.

As a G&T, Great River Energy both generates electricity at power plants and transmits that electricity across high voltage transmission lines. Backed by $4 billion in assets, a diverse and talented workforce and a board of directors focused on meeting member needs, Great River Energy is poised to compete in the energy-services marketplace of tomorrow.

Great River Energy provides its member systems with an ever-growing array of energy solutions. Great River Energy has one of the best teams of employees in the energy business and a culture that continues to evolve, becoming quicker, more open and more entrepreneurial.

Great River Energy understands the important role an electric utility can provide businesses and communities in its service area. The organization has committed to an $8 million business financing program to support economic development efforts in these communities. Great River Energy's economic development initiatives include a number of programs such as a flexible business financial assistance program and energy efficiency rebates.

Great River Energy’s generation system comprises an effective mix of base load and peaking power plants, including coal, refuse-derived fuel, natural gas and oil. It also includes environmentally sound renewable energy sources like solar, wind and hydropower.

Great River Energy’s electric transmission system includes more than 4,700 miles of transmission line, including the high voltage direct current, or HVDC, transmission line that runs from Coal Creek Station in central North Dakota to Minnesota. Great River Energy also owns or partially owns 100 transmission substations.

Great River Energy and its member cooperatives are not-for-profit companies owned by the consumers they serve.

Great River Energy serves the Northland, Arrowhead, Duluth MN Superior WI MSA, Aitkin, Carlton, Cook, Douglas, Itasca, Koochiching, Lake, and St. Louis county areas.