Georgia Transmission Named a “2015 Best Place to Work”
Posted on Jul 10, 2015 in Corporate Governance | Comments Off on Georgia Transmission Named a “2015 Best Place to Work”
Georgia Trend magazine has named Georgia Transmission Corporation as one of the ten best places to work in Georgia for 2015. This is the second time in just three years that Georgia Transmission has made the list. Click here to read more.
Texas Co-op Approves Distributed Generation Initiative
Posted on Apr 8, 2015 in Corporate Governance, Renewable Energy | Comments Off on Texas Co-op Approves Distributed Generation Initiative
The board of directors of Pedernales Electric Cooperative (PEC) has approved a resolution to include initiatives for more distributed generation as part of PEC’s overall business plan. PEC officials have indicated these measures are a response to PEC’s members’ desire for reliable and renewable energy solutions. To read more please click here.
Mississippi Regulator Imposes New Annual Filing Requirement
Posted on Dec 18, 2014 in Corporate Governance, Patronage Capital, Regulation & Policy | Comments Off on Mississippi Regulator Imposes New Annual Filing Requirement
The Mississippi Public Service Commission directed electric coops to make an annual filing to provide information on open meetings, board member elections, coop fund management and other matters to keep customers apprised of their respective ownership shares and worth. The filing is due May 1 of each year beginning in 2015. Click here to read more.
Coop Employees See Added Pension Security
Posted on Dec 18, 2014 in Corporate Governance, Legislative & Politics, Tax | Comments Off on Coop Employees See Added Pension Security
President Obama recently signed into law a new measure to ensure that current coop employees under the age of 62 maintain access to the “quasi-retirement” feature of the NRECA Retirement Security Plan. Absent the new law, these employees would not receive the full distribution earned and for which electric coops have paid. To learn more about this exciting development, please click...
Oklahoma Coop Members Successfully Petition to Elect New Board
Posted on Dec 17, 2014 in Corporate Governance | Comments Off on Oklahoma Coop Members Successfully Petition to Elect New Board
Several thousand members of Choctaw Electric Cooperative, based in Hugo, Oklahoma, have signed a petition to recall the board of directors in the wake of an investigation into potential embezzlement by the coop’s former general manager. To read more please click here.
Michigan Coop Merger Talks Appear to Stall
Posted on Dec 9, 2014 in Corporate Governance, Mergers/Acquisitions, Rates | Comments Off on Michigan Coop Merger Talks Appear to Stall
Merger talks between the Alger Delta Cooperative Electric Association (Alger Delta) and Great Lakes Energy Cooperative have been complicated by Alger Delta’s “no sale” policy. Some members of the board for each coop remain interested in pursuing a merger. Proponents of a merger argue that it could reduce bills for some members of the combined entity by as much as $24 a month. Click...
Wyoming Coops Execute Management Services Agreement
Posted on Dec 3, 2014 in Corporate Governance, Mergers/Acquisitions | Comments Off on Wyoming Coops Execute Management Services Agreement
Beartooth Electric Cooperative (Beartooth) and Lower Valley Energy (LVE) have entered into a three-year contract for LVE to manage Beartooth in a deal that is expected to create significant savings for Beartooth and its members. To read more please click here.
Oklahoma Coop Board Faces Overhaul
Posted on Nov 3, 2014 in Corporate Governance, Rates, Regulation & Policy | Comments Off on Oklahoma Coop Board Faces Overhaul
Shareholders of the Choctaw Electric Coop have signed a petition to remove all nine of the coop’s board members citing, among other things, mismanagement and inconsistent administration of coop policies. Click here to read more.
Two Kansas Coops Establish Strategic Alliance
Posted on Oct 24, 2014 in Corporate Governance, Mergers/Acquisitions, Rates | Comments Off on Two Kansas Coops Establish Strategic Alliance
Kaw Valley Electric Cooperative and Leavenworth-Jefferson Electric Cooperative, both located in northeast Kansas, have established a strategic alliance in order to control costs while ensuring affordable and reliable service. A coop representative said that a consolidation of the coops could deliver cost savings of more than $13 million over 10 years. Trustees of both coops approved...
City of Socorro Considers Coop Acquisition
Posted on Sep 19, 2014 in Corporate Governance, Mergers/Acquisitions | Comments Off on City of Socorro Considers Coop Acquisition
The city of Socorro, New Mexico, is analyzing the estimated costs involved in acquiring Socorro Electric Cooperative (Socorro) within the city limits. At least two-thirds of Socorro members must approve the sale should the deal move forward. Click here to read the full story.
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