Category: News Releases
MRES closes Sioux Falls office to the public
| Posted in: News Releases
In light of South Dakota Governor Kristi Noem’s decision to close all K-12 public schools, and for the safety of our employees and the general public, MRES has closed its main office in Sioux Falls to public access starting today, Monday, March 16, until further notice. MRES is conducting business as normally as possible, but all meetings where feasible will be held via conference call or webinar.
Farm-in-a-box means fresh local greens year-round
| Posted in: News Releases
Missouri River Energy Services (MRES), the Electric Power Research Institute (EPRI), South Dakota State University (SDSU), and Children’s Museum of South Dakota are collaborating on a high-tech “farm-in-a-box” built entirely inside a specialized 40-foot container.
Committee confirms territory freeze is bad for South Dakota
| Posted in: News Releases
Agreement between municipal and rural electric groups to continue discussions ends debate on annexation, arbitration and territory freezes.
Western Minnesota Municipal Power Agency Announces Details of Plan to Sell Taxable Refunding Bonds
| Posted in: News Releases
Western Minnesota Municipal Power Agency (“Western Minnesota”) plans to price approximately $320 million of taxable fixed-rate bonds the week of October 14, 2019 through a negotiated sale. Proceeds of the sale will primarily be used to refund a portion of certain of Western Minnesota’s outstanding Power Supply Revenue Bonds. The sale will be led by book-running senior manager Citigroup, with J.P. Morgan and Wells Fargo serving as co-managers. A Preliminary Official Statement is expected to be available the week of October 7.
Moody’s affirms Western Minnesota Municipal Power Agency financial rating
| Posted in: News Releases
Moody’s Investors Service has affirmed its Aa3 rating with a stable outlook for the Western Minnesota Municipal Power Agency (WMMPA). WMMPA provides financing for and is the owner of electric generation, transmission, and other facilities that are used by Missouri River Energy Services (MRES) to serve its 61 member municipal electric systems in the states of Iowa, Minnesota, North Dakota, and South Dakota.