Learn more about the cooperative, including financial standing, a review of the previous year, and plans for the future by attending the annual meeting.
MVEC’s 88th Annual Meeting was held
Tuesday, April 8, 2025, at Jordan High School.
2025 Election Results for Board of Directors
A total 1,235 ballots were received for the race in District 2, which has 15,840 eligible voters, indicating an 8% participation rate.
- District 1 – 3-year term
- Deborah Erickson ran unopposed and was returned to her seat by acclamation.
- District 2 – 3-year term
- Greg Boe – 528 votes
- Robert Lindberg – 313
- Joseph Yetzer – 389
- District 3 – 3-year term
- There is a vacant seat in this district.
Minutes of the 88th Annual Meeting § Minnesota Valley Electric Cooperative
Tuesday, April 8, 2025 § 7:00 PM § Jordan High School § Jordan, MN
Board President Deborah Erickson welcomed everyone to the 88th Annual Meeting of Minnesota Valley Electric Cooperative (MVEC). After leading the Pledge of Allegiance, she recognized the area’s first responders as well as efforts of MVEC’s Operation Round Up Trust Board Members. President Erickson then introduced the MVEC Board of Directors: Jim Connelly, Kevin Gibbs, Gary Haberman, Liz Krocak, Brent Lawrence, Mike Lins, Michelle Morrison, and Tom Wolf. Also introduced were Director candidates for District II: Greg Boe from Chanhassen, Robert Lindberg from Victoria, and Joseph Yetzer from Green Isle.
President Erickson called the meeting to order and announced a quorum was present; proof of publication was confirmed, and the 2024 Minutes were approved by the membership as printed.
Chief Executive Officer Marvin Denzer introduced three videos highlighting MVEC’s 2024 activities: 1. MVEC connecting with the membership through local community initiatives such as Operation RoundUp, Twins Clinic and mutual aid; 2. Building and maintaining the system for reliability and safety; and 3. Our commitment in developing staff leadership skills to serve our members above and beyond.
Denzer also spoke on the environment and responsible use of energy resources while underscoring the importance of sustainable energy practices and taking a balanced approach to ensure affordable, reliable power for our communities.
Vice President of Finance Randy Erdman reviewed 2024 audited financials. Highlights included a review of the balance sheet and income statement. He also explained key line items to provide a comprehensive understanding of the cooperative’s financial health and performance. Vice President 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 and CEO Denzer then took questions from the membership, mostly regarding net metering policy in Minnesota.
President Erickson asked for Unfinished Business; there was none.
President Erickson asked for New Business; there was none.
Attorney Marc Sugden read the results of the director election, noting 1,235 ballots were received. Attorney Sugden also conducted a voice vote to elect Deborah Erickson of District I by acclamation.
- District I – 3-year term
- Deborah Erickson – Unopposed
- District III – 3-year term
- Vacant
- District II – 3-year term
- Greg Boe – 528 votes
- Robert Lindberg – 313 votes
- Joseph Yetzer – 389 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.
- $50 Bill Credits: Darci Kram, Dan Ronayne, Sharon Smith and Dave Thorson.
- $100 Bill Credits: Dawn Callahan, Deb Pauly and Kristy Pint.
- Aventon electric bike: Melissa Stoffel
Minnesota Valley Electric Cooperative (MVEC) hosted its 88th Annual Meeting on April 8 at Jordan High School, drawing over 230
attendees from 136 member households and businesses.
Board President Deborah Erickson led the meeting, and CEO Marvin Denzer emphasized MVEC’s mission to Deliver More than electricity—by supporting youth programs, safety initiatives, and community events. In 2024, MVEC also provided mutual aid to fellow cooperatives in Minnesota, for Hurricane Helene repairs in South Carolina, and internationally in Guatemala.
Denzer highlighted MVEC’s focus on affordability, reliability, and sustainability. “Meeting the needs of our member-owners remains our top priority.”
Three short videos highlighted MVEC’s commitment to the community, building a reliable electric system, and staff training and engagement.
Financial Update:
Vice President Randy Erdman reported a 3.6% increase in member equity, now over $88 million, with reduced expenses and no rate increase in 2024.
Erdman also addressed Canadian energy tariffs, noting that the impact on MVEC will be minimal, as its wholesale power providers source minimal power from Canada.
MVEC awarded twenty $1,500 scholarships to graduating high school seniors.
Five recipients were drawn during the Annual Meeting: Kelsey Brastad, Sophia Brown, Ava Joos, Brendon Pauka and Isabel Smith.
The 15 recipients drawn before the meeting are:
Miaoting Fang
Lauryn Knutson
Owen Bredeson
Victoria Gromacki
Aubrey Sandbo
James Monsen
Megan Larson
Elliana Renneke
Madeline Skelley
Quinn Martin
Lawson Eller
Alexis Klema
Lauren Osland
Anthony Weber
Autumn Olson
Annual Meeting Questions
See for yourself how MVEC Delivers More
These videos premiered at our 88th Annual Meeting. Sit back and enjoy!
Featuring MVEC’s community efforts, including Operation Round Up, Twins Clinic and mutual aid:
Featuring overhead to underground line relocation, house moves and pole replacement:
Featuring our Team Member LEAD program and how we all Deliver More for our member-owners:
