Minnkota is a not-for-profit cooperative and exists for the sole purpose of meeting the needs of its member-owners.
As a cooperative, we are owned and governed by a board of directors democratically elected from the membership – not faraway investors.
As a generation and transmission (G&T) cooperative, Minnkota both generates and transmits wholesale electricity to meet the power needs of its member-owner distribution cooperatives who, in turn, sell power to retail consumers. Electric cooperatives serve 42 million people in 47 states.
Cooperatives are everywhere — helping people meet their common needs through group effort. They provide just about any good or service their members need. Cooperatives offer credit and financial services, health care, child care, housing, insurance, legal and professional services. Cooperatives sell food, farm supplies, hardware and recreational equipment. They provide utilities, such as electricity, telephone and television. Cooperatives also process and market products and goods for their members.
All cooperatives operate under these seven guiding principles.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.
5. Education, Training, and Information
Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.
6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.
7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.
1. Voluntary and Open Membership
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.
2. Democratic Member Control
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.
3. Members’ Economic Participation
Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.
1822 Mill Road
P.O. Box 13200
Grand Forks, ND 58208-3200
Minnkota Power Cooperative provides wholesale electric energy to 11 member-owner distribution cooperatives in eastern North Dakota and northwestern Minnesota.
© 2017 Minnkota Power Cooperative. All rights reserved.