financials

As a not-for-profit electric cooperative, Minnkota provides its member-owner distribution cooperatives with at-cost electric service. Therefore, Minnkota does not sell shares of stock to outside investors.

 

Minnkota has long-term wholesale power contracts with its 11 member cooperatives. Rates to the members are set by the Minnkota Board of Directors to recover all costs and provide margins sufficient to meet lender requirements and established financial goals.

 

Minnkota strives to maintain investment-grade financial ratings. The cooperative's current financial ratings are:

Moody's Investor Service:

Baa2 rating

Stable Outlook

 

Standard & Poor's:

A- rating

Stable Outlook

© 2017 Minnkota Power Cooperative. All rights reserved.

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 NAVIGATION

Contact US

1822 Mill Road
P.O. Box 13200
Grand Forks, ND 58208-3200

(701) 795-4000

 ABOUT US

Minnkota Power Cooperative provides wholesale electric energy to 11 member-owner distribution cooperatives in eastern North Dakota and northwestern Minnesota.