MAPLE GROVE — Dale Anderson of Kandiyohi Power Cooperative of Spicer was one of 24 people elected to the Great River Energy’s board of directors during the annual meeting June 4 at the company’s headquarters in Maple Grove.
Also during the annual meeting, Great River Energy officials said 2013 was among the most successful years in the electric cooperative’s history. Company leaders also detailed strategic shifts the organization has taken to keep providing value for its member cooperatives as the electric utility industry evolves.
“Financially and operationally, 2013 was a great year,” said Great River Energy’s President and CEO David Saggau. “We are off to a strong start in 2014, and we continue to see positive results from actions we have taken on behalf of our membership.”
In 2013, Great River Energy kept operations and maintenance expenses $16.1 million below budget while recording margins of $42.8 million. In addition, Great River Energy was able to defer $13.8 million to apply to future rates.
Besides serving electric cooperatives throughout Minnesota, GRE also provides electrical power through a contract to Willmar Municipal Utilities.