Electric co-op Great River plans another rate increase

  • Article by: DAVID SHAFFER , Star Tribune
  • Updated: November 8, 2012 - 9:38 PM

It's the latest of a string of wholesale rate hikes by the Maple Grove-based electric power producer that supplies 28 local power cooperatives in Minnesota.

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freedom111Nov. 8, 1210:17 PM

Minnesota welcome to the Land of Oz, where being green, well costs big green. 10% rate hikes are only the start with an Obama administration. You are only getting what you asked for.

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beartrap_35Nov. 9, 1212:59 AM

A fixed cost business dependent on spreading costs across energy sales. Sales flatten or decrease; power plants planned for are no longer needed but must be paid for, utilities are forced to buy expensive wind and other renewables, regulations drive up the cost of base load coal produced energy, state conservation mandates force companies to spend money to reduce sales - no surprise, electric rates are driven higher and higher. Then, pile on the requirement from regulators to keep the lights on uninterrupted and suddenly you have a very expensive business model.

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jimmy11Nov. 9, 12 8:33 AM

Poor planning caused by GREED.

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tpnelsonNov. 9, 12 8:57 AM

Cost of coal being mined father away? Where is farther away? Hasnt it always come from Wyoming and Montana? Look at the increases in the last 9 years almost doubled, some very bad business decisions have been made in the board of directors room. How do they compare to other utilities?

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sohochickNov. 9, 12 1:57 PM

jimmy11: This story is about a cooperative. Co-ops are NOT-FOR-PROFIT. Where does greed factor in?

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beartrap_35Nov. 15, 12 2:50 AM

No greed but many bad decisions with no accountability. Only in the co-op world can you make this many bad bets and still keep your job and board seat.

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