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.