Keeping Your Rates Stable // CEO Column August 2020
Great River Energy (GRE), our wholesale power supplier, is planning major transformations to its power supply portfolio for the coming years. The outcome will be geared to reduce the cost of wholesale power to the member electric distribution cooperatives, including Lake Region Electric Cooperative. GRE is a not-for-profit electric generation and transmission cooperative headquartered in Maple Grove, MN.
SCAM ALERT: Fake Phone Calls to Members Demanding Payment
SCAM ALERT! Several LREC members have reported receiving telephone calls from 800 numbers attempting to collect on delinquent power bills. The caller states that the bill is due now, and unless paid immediately, the member's electricity will be disconnected. If you receive a call from any number demanding payment or power will be disconnected, hang up and consider reporting the incident to local authorities. For payment inquiries, please call us at (800) 552-7658.
Great River Energy to Shift Generation Resources // CEO Column June 2020
A major provider of wholesale electricity to Lake Region Electric Cooperative, Great River Energy (GRE), recently announced plans to phase out the use of coal in coming years. The power portfolio changes are expected to reduce power supply costs to its 28 member electric distribution cooperatives that own GRE. “We are building a power supply portfolio that will serve our member-owner cooperatives for decades,” said Dave Saggau, GRE’s President and Chief Executive Officer. “We are taking advantage of cost-competitive renewables and reliable access to market energy while fostering innovation as the technology of our industry evolves.” GRE is one of the largest generation and transmission (G&T) cooperatives in the nation. By the end of 2023, the energy produced by GRE will be more than 95% carbon dioxide free, essentially eliminating its carbon footprint. This is a continuation of a path that GRE has been on for the past few years.