Economic Development & Value

Economic Development

Protecting and improving the quality of life in our communities means helping them remain vibrant, attractive places to live and do business. We continue to build strong city, state, and federal partnerships and continue to work with companies looking to locate or expand in our service area through economic development assistance that involves financial strategies and other needed advice.

The greatest impact we have on attracting and retaining businesses in our communities comes from providing reliable electric service at affordable rates. The investments we make to carry out our mission have significant direct and indirect economic value.

Economic Value

Direct Economic Value

We continued our role as a corporate citizen by making the following economic impact in 2018.

 2018 Economic Impact

Property taxes paid to local jurisdictions


Wages and benefits paid to utility employees


Common and preferred dividends paid to shareholders


Interest paid


Amount paid to suppliers and vendors


Total Direct Economic Value Generated


We positively impact the communities we serve by using local vendors when appropriate. The table below details our 2018 expenditures with vendors in our tri-state service area.

2018 Tri-state Vendor Expenditures



Percent of Total




South Dakota



North Dakota



Total for local vendors



Total Payments to All Vendors



Indirect Economic Value

During 2018 we engaged in construction and replacement projects as well as ongoing maintenance and operations support that created more than $110 million in indirect economic value. These projects include transmission line upgrades, environmental controls equipment, and various replacement projects. The table below details the economic impact of the projects.

2018 Indirect Economic Impact

Capital Additions to Plant In Service


Labor spending on construction


New/replacement construction property




Labor spending on maintenance




Economic development spending


Total Indirect Economic Value Generated