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What is the Revenue of Minnkota Power Cooperative Inc.?

Published in Energy Cooperative Revenue 1 min read

The total revenue for Minnkota Power Cooperative Inc. for the fiscal year ending December 2023 was $449,704,384.

Minnkota Power Cooperative Inc. Revenue Details

Minnkota Power Cooperative Inc. is a not-for-profit electric generation and transmission cooperative. Its financial performance for the fiscal year ending December 2023 indicates significant operational activity, primarily derived from its members.

Here's a breakdown of key financial figures for the cooperative:

Financial Metric Amount (USD)
Income from Members 420,038,592
Total Revenue 449,704,384
Net Assets at End of Fiscal Year 225,333,536

Based in Grand Forks, North Dakota (zip code 58201-3312), Minnkota Power Cooperative plays a vital role in providing electricity to its member cooperatives and public utilities, thereby serving homes, farms, and businesses in eastern North Dakota and northwestern Minnesota. Their revenue reflects the scale of their operations in power generation and transmission services.