Learn more about MVEC, including financial standing, the year in review, and plans for the future, by attending the annual meeting, which is typically held the second Tuesday in April.
MVEC’s 89th Annual Meeting was held Tuesday, April 7, 2026.
More than 200 member-owners from across MVEC’s nine-county service area gathered at Jordan High School. The event offered an opportunity for MVEC leadership to provide a recap of 2025, and for members to elect directors, approve the financial report, ask questions, recognize the 2026 scholarship recipients and Youth Tour representative, and take home door prizes.
MVEC awarded $30,000 in scholarships to high school seniors this year, funded by Unclaimed Capital Credits. Twenty students received $1,500 – five students from each district, in addition to five drawn from those attending MVEC’s annual meeting. See the complete list of winners.
Nora Doerr, a junior at Le Sueur-Henderson High School, was honored as MVEC’s 2026 Youth Tour representative — a national leadership experience in Washington, D.C. in June. Laura Harrington of Harrington Homeschool is the alternate.
See for yourself how MVEC Delivers More
These videos premiered at our 89th Annual Meeting. Sit back and enjoy!
As a member-owned cooperative, we put you first.
We are committed to reliability, safety, and system investment.
Being locally owned keeps us closely connected to the communities we serve.
Here is the full video of the 89th Annual Meeting In-Person
(4/7/26)
MINUTES OF THE 89th ANNUAL MEETING
Tuesday, April 7, 2026 | 7:00 PM | Jordan High School | Jordan, MN
Board President Deborah Erickson welcomed everyone to the 89th Annual Meeting of Minnesota Valley Electric Cooperative (MVEC). After leading the Pledge of Allegiance, she recognized first responders, as well as efforts of MVEC’s Operation Round Up Trust Board Members. President Erickson then introduced the MVEC Board of Directors: Greg Boe, Kevin Gibbs, Liz Krocak, Mike Lins, Michelle Morrison, Jim Reeder, and Tom Wolf. Director Brent Lawrence was not in attendance. Also introduced were Director candidates for District III: Krocak and Reeder, along with Julie Bifano from Montgomery and Joe Schloesser from Le Center.
President Erickson called the meeting to order and announced a quorum was present; proof of publication was confirmed, and the 2025 Minutes were approved by the membership as printed.
Chief Executive Officer Marvin Denzer introduced three videos highlighting MVEC’s 2025 activities: 1. Learning new technologies, business efficiencies, and household programs for energy savings 2. Our commitment to reliability, safety, and system investment; and 3. Our dedication and connection to community, education, and advocacy.
CEO Denzer also commented on the continued investment in our construction work plan, upgrading lines, replacing aging equipment and performing maintenance that strengthens the system and reduces outage risks.
Chief Financial Officer Randy Erdman reviewed 2025 audited financials. Highlights included a review of the balance sheet and income statement. He clarified essential line items to illustrate how the cooperative is performing. CFO Erdman asked if there were any questions regarding the financial report. Hearing none, President Erickson asked for and received a motion and second to accept the report as presented; motion carried.
MVEC awarded $1,500 scholarships to 20 high school seniors – five pre-drawn from each of the three districts and five “at-large” scholarships to high school students in attendance. The Youth Tour representative was also announced.
President Erickson asked for Unfinished Business; there was none.
President Erickson asked for New Business; there was none.
Attorney Chad Felstul took questions from the membership and read the results of the director election, noting 1,931 ballots were received. Because Tom Wolf, District I, and Michelle Morrison, District II, ran unopposed, they were elected by acclamation pursuant to the Cooperative’s Bylaws.
- District I – 3-year term
- Tom Wolf – Unopposed
- District II – 3-year term
- Michelle Morrison – Unopposed
- District III
- Julie Bifano – 689 votes
- Liz Krocak – 1,049 votes (3-year term)
- Jim Reeder – 902 votes (2-year term)
- Joseph Schloesser – 675 votes
The meeting concluded with prize drawings for registered members in attendance for three $100 and four $50 bill credits, and an electric bike.
President Erickson then asked for and received a motion and second to adjourn, which the membership approved.
