Colorado Cooperative Increases Renewable Energy Percentage with 20-Year Solar Contract
Posted on Oct 30, 2015 in Project Development, Renewable Energy | Comments Off on Colorado Cooperative Increases Renewable Energy Percentage with 20-Year Solar Contract
Poudre Valley Rural Electric Association (PVREA) has a 20-year contract to purchase electricity from two Silicon Ranch solar arrays that are currently under construction but expected to be completed in December. Once online 27percent of PVREA’s energy portfolio will be from renewable sources.
Wolverine Power Cooperative Enters Into 20-year PPA with Exelon Generation
Posted on Oct 30, 2015 in Project Development, Renewable Energy | Comments Off on Wolverine Power Cooperative Enters Into 20-year PPA with Exelon Generation
Wolverine Power Supply Cooperative, Inc. (Wolverine) entered into a 20-year power purchase agreement (PPA) for 153 MW of new wind generation from Exelon Generation’s Michigan Wind 3 project. When the Michigan Wind 3 project is complete, Wolverine will be the renewable energy leader in Michigan with more than 350 MW of wind generation in its portfolio, giving Michigan cooperatives a 30...
Cooperative Finance Corp. Fights for Authorization to Issue Letters of Credit
Posted on Oct 30, 2015 in Financing, Regulation & Policy | Comments Off on Cooperative Finance Corp. Fights for Authorization to Issue Letters of Credit
The National Rural Utilities Cooperative Finance Corp. (CFC) continues to seek an exemption under the Federal Communications Commission’s Rural Broadband Experiment allowing it to issue letters of credit to its own members and those of an affiliate, Rural Telephone Finance Cooperative. However, because CFC is not a depository institution, it cannot receive the required FDIC...
G&T Coop Set to Debut Major New Transmission Line
Posted on Oct 29, 2015 in Grid & Infrastructure, Innovation/Efficiency, Project Development | Comments Off on G&T Coop Set to Debut Major New Transmission Line
Basin Electric Power Cooperative is in the process of building an electric “super avenue” to help serve the Bakken formation. Although the area is not growing as fast as it once was, it will still continue to see increases in demand for electric service. The 340kv “super avenue” is a $350 million investment and will be critical to the ability of cooperatives to serve the Bakken in...
Alaskan Cooperative Considers New Hydroelectric Plant
Posted on Oct 28, 2015 in Environmental, Project Development, Renewable Energy | Comments Off on Alaskan Cooperative Considers New Hydroelectric Plant
Inside Passage Electrical Cooperative, located in Southeast Alaska, is looking into developing a new hydroelectric power plant in the village of Kake, Alaska. The project could cut the city’s diesel consumption in half.
Coops Challenge Clean Power Plan
Posted on Oct 26, 2015 in Environmental, Legislative & Politics, Litigation, Rates, Regulation & Policy, Renewable Energy | Comments Off on Coops Challenge Clean Power Plan
NRECA and dozens of electric cooperatives have filed suit challenging the EPA’s Clean Power Plan (Plan). The Plan was published in the Federal Register and, therefore, became open to legal challenge on October 23 and is set to take effect on December 23.
Settlement Reached Capping Utah Plant’s Coal Consumption
Posted on Oct 23, 2015 in Environmental, Litigation, Permitting, Rates | Comments Off on Settlement Reached Capping Utah Plant’s Coal Consumption
The Environmental Protection Agency, Deseret Power Electric Cooperative and the Sierra Club and WildEarth Guardians reached a settlement regarding the 500-megawatt Bonanza Power Plant in northeast Utah. The settlement calls for new pollution controls to be installed while being subjecting the plant to an eventual lifetime limit on the plant’s coal consumption. Deseret has...
Tennessee AG Scales Back Cooperative Tax Breaks
Posted on Oct 23, 2015 in Tax | Comments Off on Tennessee AG Scales Back Cooperative Tax Breaks
The Tennessee attorney general (AG) has stated that the state’s rural electric cooperatives are not entitled to a tax break that has been used since the late 1980s entitling cooperatives a temporary exemption from local property taxes after building a new facility or plant. The AG opines that the state constitution does not allow this break because cooperatives are neither government...
USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
Posted on Oct 23, 2015 in Financing, Grid & Infrastructure, Project Development, Renewable Energy | Comments Off on USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
The USDA is awarding $2.3 billion in loans through its USDA Rural Development’s Electric Program, which makes loans and loan guarantees to cooperative associates and other utilities for electric distribution in rural areas. Seventy-seven utilities and cooperatives in 31 states will receive loans to build and improve rural electric infrastructure in 31 states. Funding is contingent...
Eighth Circuit to Decide Dispute Between Minnesota and North Dakota Over Coal-Generated Electricity Regulations
Posted on Oct 23, 2015 in Climate Change, Grid & Infrastructure, Legislative & Politics, Litigation, Regulation & Policy | Comments Off on Eighth Circuit to Decide Dispute Between Minnesota and North Dakota Over Coal-Generated Electricity Regulations
The states of North Dakota and Minnesota are involved in a dispute over Minnesota regulations restricting new coal-based power generation. North Dakota challenged the law in the federal district court arguing that the law violates the Commerce Clause of the U.S. Constitution because of its effect on out-of-state utilities. North Dakota won at the district court level, but Minnesota...
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