Press releases
MVEC highlights strong 2025, commitment to members at 89th Annual Meeting
JORDAN, Minn. (April 8, 2026) — Minnesota Valley Electric Cooperative continues to deliver more for its member-owners – more reliability, more value and more support for the communities they call home.
Member-owners from across MVEC’s nine-county service area gathered at Jordan High School April 7 for the cooperative’s 89th Annual Meeting. 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.
“Our mission has always been rooted in serving the people and communities who depend on us,” said Chief Executive Officer Marvin Denzer. “Every decision we make is guided by delivering more value to our member-owners — from maintaining a thoughtful balance of traditional and renewable energy to ensuring reliability and affordability families count on. It is our privilege to serve as their trusted energy partner, helping power what matters most to them.”
MVEC closed 2025 in a strong financial position, with steady growth in assets, responsible cost management and continued investment in infrastructure members rely on. Despite rising wholesale power costs, the cooperative maintained stable operations.
“We remain committed to delivering reliable service and practicing sound financial stewardship on behalf of our members,” said Chief Financial Officer Randy Erdman. “As we look ahead, we’ll continue investing in system reliability and smart growth so we can meet our members’ evolving energy needs.”
Board of Director Elections
Four of MVEC’s nine Board of Directors seats were up for election this year.
- In District 1, incumbent Tom Wolf, Credit River, ran unopposed.
- In District 2, incumbent Michelle Morrison, Belle Plaine, ran unopposed.
- In District 3, Liz Krocak, Montgomery, was elected to a three-year term, receiving 1,049 votes. Jim Reeder, Montgomery, receiving the second highest number of votes, 902, was elected to a two-year term. Julie Bifano, Montgomery, received 689 votes, and Joe Schloesser, Le Center received 675.
The Board meets monthly to hear updates, approve budgets, review policies and oversee decisions that impact MVEC member-owners.
“Our cooperative was built on a simple idea: working together strengthens communities. That belief still guides us,” said MVEC Board President Deborah Erickson. “Every Board decision begins with one question – how does this best serve our member-owners? They remain at the heart of everything we do.”
Scholarships and Youth Tour
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.
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.
The 2025 MVEC Annual Report, video presentations and a complete list of scholarship recipients are available at mvec.net/my-coop/annualmeeting/
For Journalists
Minnesota Valley Electric Cooperative (MVEC) is a member‑owned utility delivering reliable, affordable energy to more than 48,500 meters across 968 square miles in nine Minnesota counties. Since 1937, MVEC has been a trusted energy partner, strengthening local communities through innovation, system reliability, and responsive member service. Guided by a vision of being connected by energy and driven to lead, MVEC operates with cooperative principles at its core to create lasting regional impact.
Media Contact:
Amy Tolson | Communications and Marketing Manager
[email protected] | 952.529.9249