It also operates district heating in Mo i Rana and a private equity company.

[3] The company is owned by the municipalities of Alstahaug (10.1%), Brønnøy (9.6%), Dønna (4.4%), Grane (2.5%), Hattfjelldal (2.5%), Hemnes (7%), Herøy (3.8%), Leirfjord (3.2%), Nesna (4.6%), Rana (26.8%), Sømna (3.2%), Vefsn (18.3%), Vega (2.8%) and Vevelstad (1.2%).

The companies roots date back to 1895 when Båsmo Gruber installed the district's first electric generator.

In 1907 the first hydroelectric power plant was built in Helgeland, at Revelfossen in Tverråga.

Through a number of mergers between the various municipal power companies AL Helgeland Kraftlag was created in 1964.