Watertown-based Glacial Lakes Energy plans to oppose a proposed amendment to the Granite Falls Energy operating agreement. The amendment would place additional transfer restrictions on members of Granite Falls Energy owning 20 or fewer units, “We believe this action will disenfranchise Granite Falls’ members and to limit transfers of their units to one transferee or buyer will interfere with resales, estate planning and other potential family transfers,” said Jim Seurer, CEO, Glacial Lakes Energy. Glacial Lakes owns 5,004 membership units in Granite Falls Energy or approximately 16 percent of the company. A special meeting will be held Thursday, November 3 in Granite Falls to vote on the new language.
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