As we look ahead to 2025, it’s clear that big changes are coming for Crow Wing Power. While some details are yet to unfold, we already know this will be a year of transition.
One of the biggest changes will be the announcement of a new CEO, bringing leadership and direction to our Cooperative. This marks a step forward as we work to address challenges and opportunities in the energy industry.
We’re also transitioning to Basin Electric as our sole wholesale power provider, while Great River Energy remains our transmission provider. Basin Electric, based in Bismarck, North Dakota, is a not-for-profit cooperative serving 3 million electric consumers across nine states. Their diversified energy portfolio includes dispatchable and renewable resources, helping us achieve greater rate stability over time. This shift will also bring changes to our load control programs, reducing the likelihood of frequent control events for members.
That said, 2025 will bring financial realities we must navigate together. Rising costs driven by grid modernization, equipment expenses, and the transition to renewable energy mean a rate adjustment is likely in the near future. We remain committed to keeping rates as stable as possible while ensuring reliable service and continued investment in our infrastructure.
This year also marks the start of a work plan focused on addressing aging infrastructure and updating substations to enhance reliability for all members. These efforts are essential to maintaining the strong, dependable service you deserve.
While challenges lie ahead, so do opportunities. With new leadership, strategic partnerships, and a focus on reliability, we’re confident in our ability to navigate this new chapter and keep Crow Wing Power moving forward.
*This article was written in early December prior to any announcement of CEO position.