# Minnkota Power Cooperative

Minnkota Power Cooperative is an Other based in Grand Forks, United States.

## Overview

- **Organization type:** Other
- **Headquarters:** Grand Forks, United States
- **Region:** North America
- **Address:** Grand Forks, ND, United States
- **Founded:** 1940
- **Assets under management:** Undisclosed
- **Website:** minnkota.com
- **LinkedIn:** https://www.linkedin.com/company/minnkota-power-cooperative

## Regulatory record

- **Reports private funds:** No

## About

Minnkota Power Cooperative is an electric generation and transmission cooperative. It provides wholesale electric energy to distribution cooperatives serving homes, farms, schools, and businesses. The company's generation portfolio includes lignite coal-based power, wind energy, and hydroelectric power, supported by an electric transmission infrastructure.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- Mac McLennan — President and CEO

## Questions

### Who owns Minnkota Power Cooperative?

Minnkota is owned by 11 member distribution cooperatives across eastern North Dakota and northwestern Minnesota. The cooperative serves approximately 132,000 retail accounts through these member systems, which in turn elect the board that governs Minnkota. This mutual structure means the cooperative operates on a cost-of-service basis and allocates margins back to its members.

### How does Minnkota's generation mix break down between coal and renewables?

Minnkota operates two lignite-fired units at the Milton R. Young Station totaling roughly 700 megawatts of baseload capacity and owns a share of the Coyote Station through subsidiary Square Butte. On the renewable side, the cooperative purchases 357 megawatts of wind energy from two NextEra Energy Resources projects — the Oliver and Langdon wind farms — and holds additional hydroelectric contracts. The portfolio remains lignite-anchored, with wind and market purchases layered on top of baseload output.

### Does Minnkota participate in energy markets outside its service territory?

Minnkota operates within the Midcontinent Independent System Operator (MISO) market, which provides access to wholesale energy, capacity, and ancillary services across a 15-state footprint. While its primary obligation is to serve its member cooperatives' load, Minnkota buys and sells energy through MISO as needed to balance generation and demand, particularly given the intermittent nature of its wind portfolio.

### How is Minnkota Power Cooperative governed?

An 11-member board of directors, elected by the member distribution cooperatives, governs Minnkota. The board approves major capital expenditures, rate structures, and long-term resource plans. This governance model — where the customers are also the owners and the directors — creates a decision-making dynamic distinct from that of an investor-owned utility, with capital allocation focused on long-term rate stability rather than equity returns.

## Related profiles

- [ANK Group](https://altss.com/profile/ank-group)
- [Cigna Investment Management](https://altss.com/profile/cigna-investment-management)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/minnkota-power-cooperative

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology