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Tri-County Electric Cooperative joins 11 other electric cooperatives in signing agreement to acquire Alliant Energy Territory


Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

RUSHFORD, Minn. – Tri-County Electric Cooperative joined with 11 other electric distribution cooperatives serving Minnesota to form Southern Minnesota Energy Cooperative (SMEC) as the single point of contact for the purchase of electric service territory in southern Minnesota from Alliant Energy. SMEC today announced that it has reached a definitive agreement to acquire territory from Alliant Energy. The transaction is contingent upon regulatory approval. Assuming the acquisition is approved by regulators, it is expected to close in 2014.

For Tri-County the combined territory would serve approximately 13,000 members. The acquisition will add approximately 43,000 electric accounts to the systems of all of the 12 SMEC member cooperatives combined.

“This acquisition will give SMEC’s 12 member cooperatives new economies of scale to spread our fixed costs over more member-owners,” said Brian Krambeer, president and CEO of Tri-County. “Keeping rates stable is more challenging these days with the cost of environmental compliance, integrating renewables, declining energy sales, and general inflation affecting our rates. This acquisition is the single biggest positive action we can take to offset a portion of these cost pressures.”

The service territories of Alliant Energy and the 12 cooperatives overlap, serving mostly rural areas in the southern portion of Minnesota. Alliant Energy will continue to serve Minnesota through a 10-year wholesale power agreement with the 12 cooperatives.

The 12 SMEC member cooperatives are BENCO Electric Cooperative, Brown County Rural Electrical Association, Federated Rural Electric, Freeborn-Mower Cooperative Services, Minnesota Valley Electric Cooperative, Nobles Cooperative Electric, People’s Energy Cooperative, Redwood Electric Cooperative, Sioux Valley Energy, South Central Electric Association, Steele-Waseca Cooperative Electric, and Tri-County Electric Cooperative (see map).

“Like Tri-County, all 12 electric cooperatives have served southern Minnesota for more than 70 years,” said Krambeer. “We look forward to extending our professional, high-quality service to the former Alliant Energy customers who will become our new member-owners.”

All of the Alliant Energy electric employees will be offered positions with the local cooperative. All rates for electric cooperatives are set on a cost-of-service basis to provide the high .....
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9/11 commemorative flag raising at Farmers Co-op Elevator Company

Fri, Sep 6th, 2013
Posted in Rushford Village Business Announcements

As the nation and world look towards the 12th anniversary of the 9/11 attacks, the Rushford American Legion and Farmers Co-op Elevator Company invite the public to a flag dedication ceremony to remember and honor the thousands of innocent men, women ..... 
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9/11 commemorative flag raising at Farmers Co-op Elevator Company

Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

As the nation and world look towards the 12th anniversary of the 9/11 attacks, the Rushford American Legion and Farmers Co-op Elevator Company invite the public to a flag dedication ceremony to remember and honor the thousands of innocent men, women ..... 
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New second location for Lyle’s Flooring America

Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

Rushford Floor Coverings has officially become a second Lyle’s Flooring America location with the recent installation of their new signage. A change of ownership of Lyle’s created the opportunity for the second location in Rushford, Minn. You wi ..... 
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Fillmore County Advocates are awarded grant

Fri, Aug 23rd, 2013
Posted in Preston Business Announcements

The Preston Area Community Foundation recently awarded a $3,000 grant to Fillmore County Advocates. Fillmore County Advocates is a non-profit victim services agency that provides advocacy and support to victims of domestic violence, child abuse, sex ..... 
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TEC ANNOUNCES PEAK ENERGY ALERT

Wed, Aug 21st, 2013
Posted in Rushford Business Announcements

Rushford, MN (10:30 a.m. Aug. 21, 2013)— Tri-County Electric Cooperative (TEC) is issuing a peak energy alert to address the high demand for electricity in the regional power market. TEC asks members to help by reducing their electric use. ..... 
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Rochester City Lines Heading North: Daily service to downtown Minneapolis starts September 3

Thu, Aug 15th, 2013
Posted in All Business Announcements

Rochester City Lines is set to once again offer daily public bus service to the Twin Cities for Rochester, Minn. residents. After an attempt fell short last fall, the local bus company took the route off-line and back to the drawing board. The new r ..... 
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Rochester City Lines adding service

Fri, Aug 9th, 2013
Posted in All Business Announcements

Preston, Fountain & Chatfield to receive service expansion. After listening to riders’ requests for additional service, Rochester City Lines will be adding service to the Highway 52 South corridor with a new bus for Preston, Fountain and Chatfi ..... 
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Grocers Recognize Jim Hoiness, Rush Foods, Inc.

Fri, Aug 9th, 2013
Posted in All Business Announcements

ST. PAUL, Minn. – Jim Hoiness, President and co-owner of Rush Foods, Inc., Rushford, Minn. was honored by the Minnesota Grocers Association with its 2013 Outstanding Grocer Award. This award is presented annually to a grocer who has successfully d ..... 
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