HOME / COMPANY Financial Serving our members with sound finances Great River Energy is an electric cooperative – or a private not-for-profit electric utility business. We are owned by our member-owner cooperatives, which established Great River Energy to provide them at-cost electric service. As a result, Great River Energy does not sell shares of stock to outside investors. We report our financials quarterly and publish an annual report each year. Our revenues are primarily derived from the sale of power to Great River Energy member systems and power sales to other utilities in the region under long-term contracts and spot-sale arrangements. We have long-term wholesale power contracts with all of our member-owner cooperatives. Power is provided to members at rates determined by Great River Energy’s board of directors. Our board of directors consists of representatives from our member cooperatives. Rates to members are designed to recover all costs and to provide margins sufficient to meet established financial goals. GREAT RIVER ENERGY’S 2020 ANNUAL REPORT GREAT RIVER ENERGY’S 2019 ANNUAL REPORT VIEW PAST ANNUAL REPORTS Quarterly financial reports 2021 Third quarter Second quarter First quarter 2020 Third quarter Second quarter First quarter 2019 Third quarter Second quarter First quarter 2018 Third quarter Second quarter First quarter Great River Energy maintains investment grade debt ratings with the following rating agencies: Standard & Poor’s A- (Stable) Fitch Ratings A- (Stable) Moody’s A3 (Stable) VIEW OUR MEMORANDUM OF INSURANCE LOAD MANAGEMENT ECONOMIC DEVELOPMENT MEMBER-OWNER ENERGY WISE MN ABOUT US CAREERS FINANCIAL NEWSROOM CONTACT PRIVACY TERMS 12300 Elm Creek Boulevard Maple Grove, MN 55369-4718 763-445-5000 © 2021 Great River Energy NEWSLETTER SIGN-UP

HOME / THE COOPERATIVE DIFFERENCE Our 28 member-owner cooperatives Great River Energy is a not-for-profit electric cooperative owned by 28 electric distribution cooperatives. Collectively, they serve approximately 700,000 members in Minnesota. AGRALITE ELECTRIC COOPERATIVE ARROWHEAD COOPERATIVE BENCO ELECTRIC COOPERATIVE BROWN COUNTY RURAL ELECTRICAL ASSOCIATION CONNEXUS ENERGY COOPERATIVE LIGHT & POWER CROW WING POWER DAKOTA ELECTRIC ASSOCIATION EAST CENTRAL ENERGY FEDERATED RURAL ELECTRIC ASSOCIATION GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION ITASCA-MANTRAP COOPERATIVE ELECTRICAL ASSOCIATION KANDIYOHI POWER COOPERATIVE LAKE COUNTRY POWER LAKE REGION ELECTRIC COOPERATIVE MCLEOD COOPERATIVE POWER ASSOCIATION MEEKER COOPERATIVE MILLE LACS ENERGY COOPERATIVE MINNESOTA VALLEY ELECTRIC COOPERATIVE NOBLES COOPERATIVE ELECTRIC NORTH ITASCA ELECTRIC COOPERATIVE REDWOOD ELECTRIC COOPERATIVE RUNESTONE ELECTRIC ASSOCIATION SOUTH CENTRAL ELECTRIC ASSOCIATION STEARNS ELECTRIC ASSOCIATION STEELE-WASECA COOPERATIVE ELECTRIC TODD-WADENA ELECTRIC COOPERATIVE WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION LOAD MANAGEMENT ECONOMIC DEVELOPMENT MEMBER-OWNER ENERGY WISE MN ABOUT US CAREERS FINANCIAL NEWSROOM CONTACT PRIVACY TERMS 12300 Elm Creek Boulevard Maple Grove, MN 55369-4718 763-445-5000 © 2021 Great River Energy NEWSLETTER SIGN-UP