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Great River Energy rates on the rise

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Brainerd Dispatch
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Great River Energy rates on the rise
Brainerd MN 506 James St. / PO Box 974 56401

MAPLE GROVE, Minn. (AP) — Minnesota's second-largest electricity producer is increasing wholesale rates for the seventh consecutive year.

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Great River Energy's board of directors approved an average increase of 4 percent for its 28 local power cooperatives which serve 645,000 customers.

The Maple Grove electric power producer's chief financial officer, Larry Schmid, says the main reason for the 2013 increase is maintenance at two of the cooperative's coal-fired power plants in North Dakota, estimated to cost $30 million.

The Star Tribune (http://tinyurl.com/atq64v3 ) reports Schmid also cited a drop in power demand as a reason for the increase. Co-op officials say the rate increase will cost a typical residential customer an additional $2 to $3 a month.

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Information from: Star Tribune, http://www.startribune.com

Copyright 2012 The Associated Press.

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Denton (Denny) Newman Jr.
I've worked at the Brainerd Dispatch with various duties since Dec. 7, 1983. Starting off as an Ad Designer and currently Director of Audience Development. The Dispatch has been an interesting and challenging place to work. I'm fortunate to have made many friends, both co-workers and customers.
(218) 855-5889
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