Wind Farm Owner Files Informal Compliant Against Coop
Posted on Aug 30, 2013 in Litigation, Project Development, Renewable Energy | Comments Off on Wind Farm Owner Files Informal Compliant Against Coop
Alaska Environmental Power (AEP) has filed an informal complaint with the Regulatory Commission of Alaska against the Golden Valley Electric Association (GVEA) relating to AEP’s Delta Wind Farm. The complaint alleges that GVEA has not taken sufficient steps to open its transmission system to independent producers of renewable energy. The AEP’s CEO has stated that GVEA has committed...
Colorado Coop Continues Restoration Efforts After Fire
Posted on Aug 30, 2013 in Grid & Infrastructure, Reliability | Comments Off on Colorado Coop Continues Restoration Efforts After Fire
Mountain View Electric Association is working to rebuild damaged power supply infrastructure, including 41 miles of distribution lines, following the Black Forest fire near Colorado Springs. The coop continues to work diligently and has already restored more than half of the downed distribution lines. The blog Powering the West has more on Mountain View’s progress.
NERC CIP V4 Compliance Date Extended Six Months
Posted on Aug 29, 2013 in Regulation & Policy, Reliability | Comments Off on NERC CIP V4 Compliance Date Extended Six Months
Electric coops subject to the North American Electric Reliability Corporation’s (NERC) Critical Infrastructure Protection Version 4 (CIP V4) standards now have an extra six months after the original April 1, 2014, deadline to comply, thanks to a deadline extension granted by the Federal Energy Regulatory Commission. To read more about this extension, including whether it affects...
Litigation Update on 14 Patronage Capital Cases in Eight States
Posted on Aug 28, 2013 in Corporate Governance, Derivative Suits, Litigation, Patronage Capital | Comments Off on Litigation Update on 14 Patronage Capital Cases in Eight States
Since 2009, at least 14 cases have been filed against electric cooperatives over patronage capital (or capital credits) in eight states: Alabama, Arkansas, Georgia, Missouri, New Mexico, North Carolina, South Carolina, and Texas. Sutherland has previously issued Legal Alerts regarding these cases—most are in active litigation, some have apparently settled (or are close to settling),...
Virginia State Corporation Commission Approves Prepaid Electric Service Program
Posted on Aug 28, 2013 in Rates | Comments Off on Virginia State Corporation Commission Approves Prepaid Electric Service Program
The Virginia State Corporation Commission has approved a program that will allow Rappahannock Electric Cooperative (REC) customers to enroll in a voluntary prepaid electric service program. This program, the first of its kind in Virginia, would let customers pay upfront fees for electricity and allow REC to suspend service when insufficient funds remain in a customer’s account. To...
Kentucky Coops Gear Up for Cybersecurity Review
Posted on Aug 22, 2013 in Grid & Infrastructure, Regulation & Policy, Reliability | Comments Off on Kentucky Coops Gear Up for Cybersecurity Review
The Kentucky Public Service Commission received a grant from the National Association of Regulatory Utility Commissioners to conduct a cybersecurity study of several electric distribution coops. The effort will result in a report that identifies cybersecurity risks, best practices and recommended next steps to protect infrastructure at a reasonable cost to ratepayers. Click here for...
Delaware Solar Farm Facility Up and Running
Posted on Aug 22, 2013 in Project Development, Regulation & Policy, Renewable Energy | Comments Off on Delaware Solar Farm Facility Up and Running
Delaware Electric Cooperative (DEC) recently commenced operations at its 4-MW solar facility located near Georgetown, Delaware. The $14 million project will help DEC meet the state’s Renewable Portfolio Standards (RPS) set at 25 percent by 2025. The solar farm was built using no state subsidies and without raising customer rates. Click here for the full story.
CFTC Approves Clearing Exemption for Certain Coops
Posted on Aug 22, 2013 in Financing, Regulation & Policy | Comments Off on CFTC Approves Clearing Exemption for Certain Coops
The Commodity Futures Trading Commission (CFTC) issued a final rule to exempt swaps entered into by certain coops from the clearing requirement. The exemption is subject to several conditions, including that it applies only to swaps entered into (i) in connection with origination loans to coop members, or (ii) to hedge commercial risk related to these loans or swaps with members. The...
Statewide Cooperative Associations Discuss Mutual Aid Plans
Posted on Aug 21, 2013 in Reliability | Comments Off on Statewide Cooperative Associations Discuss Mutual Aid Plans
As the Atlantic hurricane season hits its peak, more than a dozen electric cooperative statewide associations met in early August in Biloxi, Mississippi, to discuss the importance of mutual aid and the need to develop plans before disasters strike. Officials discussed a range of topics from reimbursement and recordkeeping procedures to security. To read more about this story, click...
Missouri City Approves Coop’s Power Plant Purchase Option
Posted on Aug 21, 2013 in Mergers/Acquisitions | Comments Off on Missouri City Approves Coop’s Power Plant Purchase Option
The City of New Madrid, Missouri, approved Associated Electric Cooperative Inc.’s (AECI) option to purchase a power plant prior to the expiration of an existing agreement between AECI and the city. AECI will pay a total of $100 million over the term of the option agreement in order to acquire the city’s interest in the plant, with the first payment of $25 million due September 1 of...
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