BNET Industries
Last Fiscal Year Sales:$713.0M
- Private
- US
Dow Jones Description
Great River Energy of Maple Grove, Minnesota, is the second largest wholesale electric power supplier in the state and the fifth largest generation and transmission (G&T) cooperative in the U.S. in terms of assets. We provide wholesale power to 28 distribution cooperatives in Minnesota and Wisconsin. Those member cooperatives distribute electricity to approximately 600,000 homes, businesses and farms. Great River Energy is a Touchstone Energy cooperative.
Chief Executive Officer
David SaggauNumber of Employees 720
Contact Information
17845 E Hwy 10
Elk River, Minnesota 55330-1500
(763) 441-3121
Peer Companies
NAICS Code Other Electric Power Generation: 221119
Recent Events
-
Iberdrola Renewables and Partners Dedicate Elm Creek Wind Power ProjectLandowner-Developed Wind Farm Generates Enough Homegrown...
News & Analysis
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great river energy - All News and Analysis
Great River Energy Reaches out to Video Guidance to Enhance Its Green Initiatives
- 2008-06-03
EDEN PRAIRIE, Minn. -- Great River Energy is no stranger to employing energy efficient and environmentally sustainable building features. Its new headquarters in Maple Grove, Minn. is applying to become a LEED Platinum project, one of less than 50 of its type in the world. A unique video conferencing solution...
B&W to Supply CFB Boiler and Emissions Control Equipment for Great River Energy
- 2008-05-16
HOUSTON -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract valued at more than $70 million to engineer and supply a circulating fluidized bed ("CFB") boiler and related emissions control equipment for Great River Energy's Spiritwood...
Great River Energy Dedicates New, Energy Efficient Headquarters in Maple Grove; Announces New Loan Fund for LEED and Energy Efficient Buildings
- 2008-04-22
Projected LEED Platinum certified building is most energy efficient, sustainable building in the Upper Midwest; one of less than 50 of its type in the world MAPLE GROVE, Minn. -- Great River Energy kicked off dedication ceremonies for its new LEED-Platinum headquarters by announcing a new revolving loan fund...
Fitch Rates Great River Energy $350MM First Mtge Bonds 2008A 'A-'
- 2008-04-21
NEW YORK -- Fitch assigns an 'A-' rating to Great River Energy's GRE $350 million first mortgage bonds, series 2008A. The Outlook is Stable. Proceeds from the 30-year fixed-rate bonds will be used to refund revolving credit lines as well as support GRE's capital additions and improvements to its generation...
Great River Energy Begins Purchasing Energy from Prairie Star Wind Farm
- 2008-01-22
ELK RIVER, Minn. -- Great River Energy is pleased to announce that it has begun taking power from the Prairie Star Wind Farm located about 15 miles southeast of Austin, Minn. Horizon Wind Energy is the owner and developer of the 100.65-megawatt MW wind energy development. Great River Energy is...
Great River Energy Signs Wind Power Purchase Agreement for Elm Creek Wind Farm
- 2007-12-10
ELK RIVER, Minn. -- Great River Energy is pleased to announce that it has signed a power purchase agreement with PPM Energy PPM, a unit of IBERDROLA RENOVABLES, to purchase wind power from the Elm Creek Wind Farm. Construction is expected to begin in the fall of 2008 on the...
Great River Energy Holds Annual Meeting, Promotes Energy Efficiency
- 2007-06-18
ELK RIVER, Minn. -- Approximately 400 electric cooperative leaders gathered on June 13 in Hinckley, Minn. for Great River Energy's annual meeting. The theme of the meeting, "A Brighter Idea," was a recurrent message throughout the proceedings and an extension of the organization's new campaign to encourage Minnesotans to install...
Great River Energy, Headwaters, North American Coal Form CTL Venture
- 2007-05-30
Minnesota's Great River Energy, Utah's Headwaters and Texas-based North American Coal Corp. formed a joint venture named American Lignite Energy LLC to investigate the possibility of building a 32,000 b/d coal-to-liquids CTL plant at an undetermined site in North Dakota. Initially, the plan revolved around a $750 million, 10,000...
Great River Energy Issues RFP for Renewable Power Resources
- 2007-05-30
ENERGY RESOURCE-30 May 2007-Great River Energy Issues RFP for Renewable Power ResourcesC2007 JeraOne - http://www.jeraone.com Great River Energy has issued a request for proposals for renewable energy resources RFP and other power generation resources with low or no net carbon dioxide (CO2) emissions. Eligible energy technologies include wind,...
Bird Watching is Just a Click Away on Great River Energy's Website
- 2007-05-14
ELK RIVER, Minn. -- A pair of peregrine falcons has made its home in a man-made nesting box atop Great River Energy's Elk River Station. Bird watchers can view the pair by visiting the Great River Energy bird cam at www.greatriverenergy.com. The falcons and their soon-to-be-hatched chicks are expected to...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David Saggau | Chief Executive Officer |
| Ron Larson | CFO |
| Eric Olsen | General Counsel & Vice President |
| Greg Ridderbusch | Vice President for Business Development and Strategy |
| Jon Brekke | Great River Energy Vice President, Member Services |
| Kandace Olsen | Vice President of Communications and Human Resources |
| Will Kaul | Vice President, Transmission Services |
| Gary Connett | Manager |
| Glen Skarbakka | Great River Energy Manager of Resource Planning |
| Mary Jo Roth | Great River Energy Manager, Environmental Services |
| Mike Finley | Matls Manager |
| Al Christianson | Great River Energy's North Dakota Business Service |
| Jennifer Zierke | Outreach Coordinator |
| Stan Selander | Great River Energy Resource Development Administrator |
| Gilbert L Schmitz | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Henry Hanson | Chairman |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Chief Executive Officer | Current |
| Arcadian Networks, Inc. | President and Chief Executive Officer for Great River | Current |
| Arcadian Networks, Inc. | Board of Directors | Current |
| Great River Energy | President | Current |
| Federal Energy Regulatory Commission | Attorney | Former |
| University of North Dakota | Degrees | Former |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | General Counsel & Vice President | Current |
Greg Ridderbusch is Vice President for Business Development and Strategy at Great River Energy, a transmission and generation utility serving 60 percent of the land area in Minnesota, with generation assets in North Dakota, Minnesota, and Wisconsin. GRE's business development division pursues collaborative project deals with industry and agriculture, seeking opportunities to create value for the utility through business relationships with bio-fuels and other entities. Mr. Ridderbusch spent 10 years prior to GRE as a utility management consultant serving utility leadership teams across the country on strategy and business planning assignments. His background also includes service as an engineer officer in the Army and managing an investment portfolio in new product development. Mr. Ridderbusch earned a Bachelor of Science degree from West Point, a Master of Science Mechanical Engineering from the Georgia Institute of Technology and an MBA from the Kellogg Graduate School of Management at Northwestern University.
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Vice President for Business Development and Strategy | Current |
| Prairie Stewardship Network | Current | |
| Kellogg School of Management at Northwestern University | MBA | Former |
| United States Military Academy | Bachelor of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Great River Energy Vice President, Member Services | Current |
Kandace Olsen is the vice president of communications and human resources for Great River Energy, a not-for-profit wholesale electric cooperative. She has aided Great River Energy in developing and communicating its stewardship of the environment including wind energy, GreenTouch and many other efforts. She has served on the board of Touchstone EnergyA , the Phillips Community Energy Cooperative and the Fort Mandan Foundation in North Dakota. She currently represents the Parks and Trails Council on the Minnesota Environmental Fund board of directors. Kandace enjoys sailing, in Minnesota and in warmer climates.
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Vice President of Communications and Human Resources | Current |
| Parks and Trails Council | Vice President of Communications and Human Resources for Great River Energy | Current |
| Parks and Trails Council | Board of Directors | Current |
| Great River Energy | Manager, Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Vice President, Transmission Services | Current |
Gary Connett Gary is Manager of Resource Planning and Member Services at Great River Energy. Since 1999 Gary manages a team of fourteen forecasters, economists, rates and pricing analysts, program coordinators, and key account representatives. The team is responsible for long and short-range resource plans, certificate of needs, contracts for power and rate tariffs, demand side planning and renewable energy programs.
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Manager | Current |
| Creed Project | Board of Directors | Current |
| Chartwell's Energy Marketing | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Great River Energy Manager of Resource Planning | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Great River Energy Manager, Environmental Services | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Matls Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Great River Energy's North Dakota Business Service | Current |
| Organization | Position | Status |
|---|---|---|
| Mnapa | Metro District Director | Current |
| Landform | Project Planner | Current |
| Great River Energy | Outreach Coordinator | Current |
| Mnapa | Board of Directors | Current |
| Mnapa | Member | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Great River Energy Resource Development Administrator | Current |
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Chairman | Current |
For the past five years, Gilbert L. Schmitz has served as Director of Great River Energy of Elk River, Minnesota. Mr. Schmitz has served as a member of the board of governors since May 2006.
| Organization | Position | Status |
|---|---|---|
| Great River Energy | Director | Current |
| Highwater Ethanol, LLC | Board of Directors | Current |
Executive News
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Media Advisory: Great River Energy Hosts Webcasts to Discuss Easy Ways to Save Energy
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