News Releases

No rate changes in 2018 budget

Dec. 19, 2017

Grand Rapids, MN – In addition to retiring $3 million in Capital Credits to co-op members this month, the Lake Country Power Board of Directors approved a 2018 budget with no change in rates for the coming year.

Stable rates are projected despite minimal growth expected in kilowatt-hour sales and new service installations. LCP General Manager Greg Randa said LCP remains committed to controlling costs and operating on steady financial ground.

Loan fund benefits Crane Lake Marina

December 5, 2017

Grand Rapids, MN – Handberg’s Marina recently received a $100,000 Revolving Loan Fund from Lake Country Power to support its expansion to build a new repair and retail marine store in Crane Lake, Minn.

“Honestly, we couldn’t have done the project without Lake Country Power’s help,” said Lori Sanborn, co-owner of Handberg’s Marina with her husband Jeff. “Lake Country Power was such a fun piece of our expansion project. The funding helped bridge the gap between what the bank provided and what we were able to provide.”