Coops to Purchase Electricity from Pennsylvania’s Largest Wind Farm
Posted on Jul 31, 2012 in Financing, Project Development, Renewable Energy | Comments Off on Coops to Purchase Electricity from Pennsylvania’s Largest Wind Farm
Old Dominion Electric Cooperative and Southern Maryland Electric Cooperative will purchase electricity produced from the future Mehoopany Wind Farm, a 141-MW wind generation project located near Scranton, Pennsylvania. The National Renewables Cooperative Organization assisted the coops with the long-term power purchase agreements. BP Wind Energy and Sempra U.S. Gas & Power have...
Pennsylvania Coop to Use $40 Million in Loans for Grid Upgrades
Posted on Jul 31, 2012 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability | Comments Off on Pennsylvania Coop to Use $40 Million in Loans for Grid Upgrades
The Adams Electric Cooperative, which serves counties in southeastern Pennsylvania, plans to use $40 million in low-interest loans recently awarded from the federal government to build and improve 200 miles of distribution line and to upgrade several substations. A portion of the money will also go to smart grid projects, such as the installation of automated switches that will allow...
New Mexico Coop to Add 18 MW of Wind Power This Year
Posted on Jul 27, 2012 in Project Development, Renewable Energy | Comments Off on New Mexico Coop to Add 18 MW of Wind Power This Year
Farmers’ Electric Cooperative recently announced that it plans to buy the output from Broadview Energy’s wind project in Curry County, New Mexico. The coop plans to make the necessary filing with the New Mexico Public Regulation Commission by month’s end. The 18 MW of wind power is part of Broadview Energy’s plan to build projects to supply as much as 500 MW of wind power in eastern...
Montana Seeks Federal Assistance for Wildfire Affecting Coop
Posted on Jul 27, 2012 in Grid & Infrastructure | Comments Off on Montana Seeks Federal Assistance for Wildfire Affecting Coop
The governor of Montana recently requested that the area affected by the Ash Creek Fire be declared a Presidential Disaster Area. Tongue River Electric Cooperative suffered the most with $1.6 million in damages to its infrastructure. KTVQ has more on this story.
Indiana Coop Continues Presence in Biomass Arena
Posted on Jul 26, 2012 in Project Development, Renewable Energy | Comments Off on Indiana Coop Continues Presence in Biomass Arena
Indianapolis-based Wabash Valley Power Association has eight landfill gas plant sites in Indiana and is looking to expand project development into neighboring states. Wabash generates roughly 44 MW of energy, which is the result of a $52 million investment in Wabash’s landfill gas-to-energy program. Click here for more.
Syndicated Transaction First of its Kind
Posted on Jul 26, 2012 in Financing | Comments Off on Syndicated Transaction First of its Kind
The National Rural Utilities Cooperative Finance Corporation (CFC) along with three other financial institutions arranged a $100 million syndicated transaction for Georgia-based Cobb Electric Membership Corporation (Cobb EMC). This is the first syndication arranged by the CFC for a distribution coop and will replace Cobb EMC’s multiple lines of credit with local banks. Click here for...
Federal Entities Face Monetary Penalties for Reliability Standards Violations
Posted on Jul 26, 2012 in Regulation & Policy, Reliability | Comments Off on Federal Entities Face Monetary Penalties for Reliability Standards Violations
As reported by Sutherland attorneys in a July 24 Legal Alert, federal entities, such as power marketing administrations, may be assessed monetary penalties for violating the North American Electric Reliability Corporation’s (NERC) Reliability Standards. Read more about FERC’s groundbreaking order here.
CFTC Exempts Electric Cooperatives from Dodd-Frank Clearing Requirements
Posted on Jul 25, 2012 in Legislative & Politics, Regulation & Policy | Comments Off on CFTC Exempts Electric Cooperatives from Dodd-Frank Clearing Requirements
The Commodity Futures Trading Commission has approved a final rule exempting electric cooperatives from mandatory clearing requirements if they use swaps to hedge or mitigate commercial risk. This rule would allow coops to avoid the additional costs of the clearance organization administering these transactions. Click here for additional details.
Iowa Coop to Receive $4.7 Million in Disaster Aid
Posted on Jul 25, 2012 in Grid & Infrastructure, Regulation & Policy, Reliability | Comments Off on Iowa Coop to Receive $4.7 Million in Disaster Aid
Hawkeye Rural Electric Cooperative has been awarded $4.7 million from the Federal Emergency Management Agency’s Hazard Mitigation Grant Program. Hawkeye is proposing to repair 142.7 miles of overhead electrical distribution lines damaged by storms, tornadoes and heavy rains that hit the state in 2008. Read more here.
Government Push for Grid Upgrades Receives Pushback from Coops
Posted on Jul 19, 2012 in Grid & Infrastructure, Rates, Regulation & Policy, Reliability, Renewable Energy | Comments Off on Government Push for Grid Upgrades Receives Pushback from Coops
Several Montana-based coops called on the Secretary of the Department of Energy to withdraw a federal plan to upgrade portions of the nation’s power grid. The plan aims to move more renewable energy from rural areas like Montana to load centers like those found in California. The coops fear that the costs to modernize the grid will unfairly fall to rural communities, resulting in...
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