The Noah Project

Rebuilding a sustainable world.

Local Cooperatives Purchase Electric Service Territory from Alliant Energy

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The Lakefield Standard announces 12 local cooperatives have purchased the electric service territory in southern Minnesota from Alliant Energy.

SMEC officials on Tuesday announced they have 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. 
Should the acquisition receive all the requisite approvals, Alliant Energy customers will become member-owners of one of the 12 electric cooperatives and enjoy the benefits of cooperative ownership including voting rights, board representation and the opportunity for patronage capital refunds — the margins of a cooperative that are returned to member-owners over time.
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.
“All 12 electric cooperatives have served southern Minnesota for more than 70 years,” said Burud. “We look forward to extending our professional, high-quality service to the former Alliant Energy customers who will become our new member-owners.”
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Author: Daniela

I was born in Croatia, at that time Yugoslavia. My family moved to the US when I was very young, but I still treasure the memories of my grandfather teaching me how to protect myself against the "evil eye," my grandmother shopping early every morning, at the open air market, to buy the freshest vegetables for the day's meals, and the traditions that were the underpinnings of our society. Someone once noted that "For all of us that want to move forward, there are a very few that want to keep the old methods of production, traditions and crafts alive." I am a fellow traveler with those who value the old traditions and folk wisdom. I believe the knowledge they possess can contribute significantly to our efforts to build a more sustainable world; one that values the individual over the corporation, conservation over growth and happiness over wealth.

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