Cooperatives Commit to Participating in Reliability Coordination Services
Posted on Sep 18, 2018
Southwest Power Pool received commitments to begin offering its reliability coordinator services to more than a dozen western utilities, including Arizona Electric Power Cooperative, Inc., Tri-State Generation and Transmission Association and Intermountain Rural Electric Association, among others.
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NRECA Releases Key Takeaways from its Study on the Value of Broadband for Consumer-Members
Posted on Sep 12, 2018
NRECA has released its Study on the Value of Broadband for Consumer-Members, noting that the key takeaways from the study include that there are a significant number of coop members that lack broadband, and that a broadband backbone can help ease coop entry.
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NRECA Study: Rural Communities Losing Billions Due to Digital Divide
Posted on Sep 11, 2018
According to new research by the National Rural Electric Cooperative Association (“NRECA”), the lack of broadband access for 6.3 million electric cooperative households results in more than $68 billion in lost economic value. The study, which analyzed the value that households place on broadband access, found that some America households with broadband access receive, on average, a benefit of $1,950 annually.
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East Kentucky Power Cooperative works with Nucor Corp. to expand Kentucky Steel Mill
Posted on Sep 10, 2018
Nucor Corp. recently announced its plans to move forward with a $650 million, 70-job expansion at its still mill near Ghent, Kentucky. East Kentucky Power Cooperative worked closely with Nucor officials to support the phase II expansion of the steel mill. This second phase of the project will increase the mill’s annual capacity from 1.6 million tons of coiled sheet steel to approximately 3 million tons. The project is ultimately expected to provide affordable, reliable energy and create additional jobs for the Commonwealth of...
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Solar Surges in Rural Communities
Posted on Sep 7, 2018
Five years ago, many cooperatives viewed solar energy as an accessory rather than a real power supply option. However, in the last half-decade, as the costs to install solar have gone down and cooperatives have gained experience with this energy resource, solar power has become a mainstay energy resource.
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Electric Trade Associations Address Inquiry Regarding Protecting the U.S. Electric Grid
Posted on Sep 6, 2018
The National Rural Electric Cooperative Association joins two other U.S. trade associations in the electric industry in a letter response to U.S. Senator Edward Markey’s inquiry regarding security responses to cybersecurity threats to the nation’s electric grid.
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Indiana Study: Rural Broadband Would Provide Billions in Economic Benefits
Posted on Sep 4, 2018
A Purdue University study, which examined the costs, benefits and investments of broadband deployment in seven cooperative territories, has found that broadband internet access in those rural areas could mean $12 billion in economic benefits for Indiana. According to Tom VanParis, CEO of Indiana Electric Cooperatives, the areas of Indiana that lack affordable and reliable high-speed internet are largely the same as those served by electric...
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VEC Gets $1,700,000 for Storm Damage Repair
Posted on Sep 4, 2018
Vermont Electric Cooperative, Inc. (VEC) is getting a grant from the Federal Emergency Management Agency (FEMA) to help repair 54 transformers and nearly 2,900 miles of transmission and line poles damaged by a severe storm and flooding in October of 2017. The money comes from FEMA’s Public Assistance program that reimburses communities and certain non-profit groups to help recover from...
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Thirty-Three Coops Announced as Winners of CAF II Reverse Auction
Posted on Aug 29, 2018
Thirty-three electric coops were announced today as winners of the Federal Communications Commission Connect American Fund II (CAF II) reverse auction. The thirty-three coops will collectively receive $220 million over ten years to help with the costs of deploying broadband in unserved areas.
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How Clean Power Plan Replacement Affects Coops
Posted on Aug 27, 2018
The Environmental Protection Agency has unveiled its proposal to replace the Clean Power Plan with a more flexible rule governing carbon dioxide emissions that is expected to reduce compliance costs for coal-based generation. This proposal is known as the Affordable Clean Energy rule, and it should provide cooperatives with the certainty and flexibility needed to meet their consumer-members’ local energy needs.
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Arkansas Electric Cooperatives Inc. Completes 1 MW Solar Plant
Posted on Aug 24, 2018
Today’s Power Inc., a subsidiary of Arkansas Electric Cooperatives Inc., has completed a 3,888-panel photovoltaic array which, at peak production, will provide power for about 135 homes. Its single-axis tracking system is considered among the most advanced at its scale in the country.
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Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
Posted on Aug 23, 2018
On August 20, 2018, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 that require additional disclosure related to the material financial obligations of municipal issuers and conduit borrowers. View the full legal alert.
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Development of a Proposed 220 MW Wind Farm Continues to Advance
Posted on Aug 23, 2018
sPower is developing a $297 million wind farm in South Dakota. sPower would operate the wind farm and sell the power to North Dakota-based Basin Electric Power Cooperative.
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Vermont Electric Cooperative Announces New CEO
Posted on Aug 23, 2018
The Vermont Electric Cooperative recently named Rebecca Towne as the cooperative’s new chief executive officer. Towne is expected to advance innovative initiatives, including an energy transformation program that offers incentives to members to transition from fossil fuels to renewable energy sources; a community solar program under which members can sponsor panels in solar arrays and save money through bill credits; and energy storage and demand-management initiatives.
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