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Local propane company to have new owner in 2011


Mon, Feb 7th, 2011
Posted in Business Announcements

Rushford, Minn.- The new year brings a change in ownership of Country Comfort, a limited liability company, which provides propane service to customers in northwest Wisconsin and under the business name of Selectus Energy in southeast Minnesota.

The new sole owner will be Country Pride Cooperative, of Almena, Wis., an original partner of Country Comfort since it was formed in 2000. Country Pride came to an agreement with its partners, Barron Electric Cooperative, of Barron, Wis., and Tri-County Electric Cooperative (TEC), of Rushford, Minn., to buyout their remaining shares on Jan. 24, 2011.

Country Pride is the new merged entity of Shell Lake Cooperative and Country Pride Cooperative in Almena. Both cooperatives have been in the propane business for a number of years and will continue to provide the top-quality service Country Comfort customers have come to expect.

The timing of the buyout option played a key role in the decision of TEC's Board of Directors, according to the co-op's president/CEO Brian Krambeer.

"The sale of our share in Country Comfort will be used to reduce the continued pressure of rising wholesale electric energy prices for our membership. It also provides the ability to invest in our core business structure," Krambeer said.

When TEC initially invested in the propane business, selling fuel cells looked like a strong possibility, however, they have not materialized.

During the last 10 years, Country Comfort has successfully grown its customer base and assets, delivering over eight million gallons of propane to 12,000 consumers in over 16 counties. In 2009, Country Comfort received the CHS Energy Summit Propane Award for service excellence, use of technology for delivery efficiency, while achieving company profitability.

Tri-County Electric Cooperative is a member-owned electric distribution cooperative serving three counties in Minnesota including Winona, Houston and Fillmore and parts of Olmsted and Mower counties in Minnesota and Howard, Winneshiek and Allamakee counties in Iowa. It provides electricity to more than 12,800 services in the area. TEC is a Touchstone Energy Cooperative.

AgStar Board Approves Cash Patronage Payout Retiring 2001 allocations of $13.9 million

Thu, Jan 27th, 2011
Posted in Business Announcements





MANKATO, Minn. (January 25, 2011) - AgStar Financial Services' Board of Directors has approved the retirement of the 2001 patronage allocations. With the 2001 retirement, AgStar will have distributed $13.9 million in earnings to near ..... 
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Managing director resigns from Commonweal

Sun, Jan 2nd, 2011
Posted in Business Announcements

LANESBORO, MN - The Board of Directors of the Commonweal Theatre, located in historic downtown Lanesboro, has received a letter of resignation from its Managing Director, Eric Bunge, at the request of the Executive Committee of the Board of Directors ..... 
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There's a new name in the city of Harmony

Sat, Dec 4th, 2010
Posted in Business Announcements

Andrew Batstone is new to southeastern Minnesota, but he is no stranger to the cold winters and crazy climate of the north. Batstone was born and raised in Ontario, Canada, and he graduated from the University of North Dakota with a degree in accoun ..... 
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New director brings something new to Lanesboro Public Library

Sat, Dec 4th, 2010
Posted in Business Announcements

The Lanesboro Public Library has recently hired Tara Johnson as its library director. Johnson brings a wealth of work experience and enthusiasm to the position. She is excited to continue the library's current programs and to also set goals for incr ..... 
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Haugerud named General Manager of SMG Web Design

Sat, Nov 20th, 2010
Posted in Business Announcements

On October 17, 2010, SMG Web Design was born with the hiring of Sheena Suckow -- the first official employee of this hopeful business venture.

By April of 2010, SMG Web Design was encouraged enough by the demand for website development and h ..... 
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Local lineworkers travel to northern Wisconsin to help restore power

Sat, Nov 20th, 2010
Posted in Business Announcements

Rushford, MN (1:30 p.m. Oct. 27, 2010)- Lineworkers from Tri-County Electric Cooperative (TEC) left at 12:30 p.m. today to assist Bayfield Electric Cooperative in restoring power due to outages caused by last night's high winds.

Bayfield has ..... 
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Preston Public Utilities offers rebates for LED holiday lighting

Sat, Nov 20th, 2010
Posted in Business Announcements

This holiday season, Preston Public Utilities is once again offering their electricity customers rebates up to $12 for each string or decoration of energy-efficient LED holiday lighting they purchase through the end of the year. Preston Public Utili ..... 
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Loans Available for Flood-Damaged Businesses ~DEED makes $10 million available in southern Minnesota~

Tue, Nov 9th, 2010
Posted in Business Announcements

ST. PAUL - Businesses that sustained damages in floods that struck southern Minnesota in September may be eligible for $10 million in loans from the Minnesota Investment Fund (MIF) offered by the Minnesota Department of Employment and Economic Develo ..... 
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