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Great River Energy announced its intention to withdraw from the Big Stone II project, proposed for near Milbank, S.D. Changing demand forecasts, increased costs due to inflation, new state mandates, and uncertainty about changes in environmental requirements are cited as four factors considered in making the decision to no longer participate as an owner of 120 MW of baseload capacity from the 630-MW Big Stone II coal power plant project.

The Big Stone II project agreement establishes restatement of participation dates at which continuing commitment must be affirmed by all participants. With the next such date being September 21, 2007, Great River Energy informed the other participants in the project of its intent to decline continued participation. A filing will be submitted to the Minnesota Public Utilities Commission officially withdrawing from the project later this week.

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