Minnkota has established an all-of-the-above energy strategy, with a strong electric generation portfolio that includes a diverse mix of coal, wind and hydro resources. In terms of nameplate electric generation capacity, about 55% is derived from coal, 34% from wind, 8% from hydro and 3% from other resources.
Minnkota participates in the Midcontinent Independent System Operator (MISO) wholesale energy market to both buy and sell surplus power. MISO is a not-for-profit, member-based organization.
All of Minnkota’s generation and load is modeled, scheduled, dispatched and settled financially in the MISO market.
Renewable Energy Certificates
Each year Minnkota chooses to sell a portion of the renewable electricity (in the form of Renewable Energy Certificates, or RECs) generated from the renewable facilities in our portfolio. These sales are to entities outside of the municipality, who wish to purchase renewable energy but may not be able to readily purchase it through their electric utility. A REC represents 1,000 kilowatt-hours (kWh) of renewable electricity generated – meaning for every 1,000 kWh of electricity produced from a renewable generator, one REC is created. Electricity stripped of RECs is no longer renewable as that value has been sold to another.