Cobb EMC Case Thrown Out on a Legal Technicality
Posted on Mar 23, 2011 in Litigation | Comments Off on Cobb EMC Case Thrown Out on a Legal Technicality
The January indictment of former Cobb County EMC Chief Dwight Brown for stealing money from the coop and conspiring to conceal his actions from EMC members has been thrown out by Cobb County Superior Court Judge Robert Flournoy. Judge Flournoy found on Tuesday that the indictment was not “open to the public” because Brown’s counsel was effectively excluded from the courtroom when the...
Bill Proposed for a More Transparent Coop
Posted on Mar 23, 2011 in Uncategorized | Comments Off on Bill Proposed for a More Transparent Coop
Texas state Senator Troy Fraser filed legislation in the 82nd Legislature on Friday that would require more openness from electric cooperatives. This move, believed to be aimed at Pedernales Electric Cooperative, would require more transparency for coops in the form of more open meetings, open records and open elections. The bill, as written, would only affect coops with...
Thirteen Coops Rewarded IRS CREBs
Posted on Mar 22, 2011 in Regulation & Policy, Tax | Comments Off on Thirteen Coops Rewarded IRS CREBs
The Internal Revenue Service has announced the allocation of $190,795,445 in bonding authority for 13 electric cooperative projects under the New Clean Renewable Energy Bonds (CREB) program. The CREB program, which was created by the Energy Policy Act of 2005, was implemented to allow coops to better integrate renewable energy by addressing their inability, as not-for-profit entities,...
Pedernales Running Out of Legal Options for Fuelberg Restitution
Posted on Mar 22, 2011 in Litigation, Patronage Capital | Comments Off on Pedernales Running Out of Legal Options for Fuelberg Restitution
Federal law and a settlement agreement will likely prevent the Pedernales Electric Cooperative board of directors from being able to withhold pension benefits from its former general manager, Bennie Fuelberg, or pursue a lawsuit against him for that money. Fuelberg was the head of Pedernales, the nation’s largest member-owned electric utility, for more than 30 years before he...
Santee Cooper Seeks Sale of Nuclear Capacity
Posted on Mar 22, 2011 in Uncategorized | Comments Off on Santee Cooper Seeks Sale of Nuclear Capacity
Faced with the need to reevaluate its future electricity needs after Central Electric Power Cooperative said that it will reduce its power purchases by 1,000 megawatts beginning in 2013, Santee Cooper, South Carolina’s state-owned utility, is negotiating the sale of 5 to 10 percent of its portion of capacity from its new nuclear facilities near Jenkinsville to a utility out...
Great Falls Lawsuit Develops
Posted on Mar 21, 2011 in Litigation | Comments Off on Great Falls Lawsuit Develops
In a suit filed Wednesday in state District Court in Great Falls, Montana, the city of Great Falls is seeking the return of a $792,411 security deposit from Southern Montana Electric Generation & Transmission Cooperative, as well as a decision on whether various contracts and obligations between the city and Southern Montana Electric should be voided. The city, which is in the...
Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
Posted on Mar 21, 2011 in Corporate Governance, Derivative Suits, Legislative & Politics | Comments Off on Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
A group of Cobb EMC members called Take Back Cobb EMC seek to conduct a special meeting and board election in response to the present board’s decision to re-hire former CEO Dwight Brown as an independent consultant to Cobb EMC. Brown was recently indicted on multiple counts of theft and racketeering. Members kicked-off a petition drive over the weekend to collect signatures from...
Minnkota Wins the 2010 Wind Cooperative of the Year Award
Posted on Mar 21, 2011 in Climate Change, Innovation/Efficiency, Project Development, Renewable Energy | Comments Off on Minnkota Wins the 2010 Wind Cooperative of the Year Award
Minnkota Power Cooperative has received the tenth annual 2010 Wind Cooperative of the Year Award at the NRECA TechAdvantage Conference in Orlando, Florida. The award is sponsored by the Department of Energy’s Wind Powering America initiative. Minnkota was chosen because it has executed wind energy power purchase agreements that guarantee that energy from wind projects will be...
CEO of Basin Announces Retirement
Posted on Mar 21, 2011 in Uncategorized | Comments Off on CEO of Basin Announces Retirement
Ron Harper, the head of Basin Electric Power Cooperative, announced to his staff this week that he will retire at the end of this year. Harper has been Basin’s chief executive officer and general manager since 2000. He shares his thoughts on the decision, as well as the growth and progress made by Basin in an article by the Bismarck Tribune.
Maryland Governor’s Proposal to Subsidize Development of Wind Farms Hampered by Costs
Posted on Mar 18, 2011 in Environmental, Innovation/Efficiency, Legislative & Politics | Comments Off on Maryland Governor’s Proposal to Subsidize Development of Wind Farms Hampered by Costs
The Maryland Public Service Commission told the Senate Finance Committee on Tuesday that subsidizing a 500-watt wind farm would add between 92 cents to $3 per month to residential electric bills. The commission’s latest cost prediction was far lower than earlier this month, when the prediction was that household electric bills could increase as much as $8.70 per month. Members of both...
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