Credit Quality of Coops Remains Strong
Posted on Apr 29, 2011 in Financing | Comments Off on Credit Quality of Coops Remains Strong
According to Standard & Poor’s Ratings Services, coops are emerging from the recession in sound financial condition. There are, however, some long-term uncertainties relating to the regulation of emissions that could adversely affect coops. See TD Waterhouse for more.
Oregon Coop Unlikely to Be Exempted From Renewable Portfolio Standard
Posted on Apr 29, 2011 in Legislative & Politics, Renewable Energy | Comments Off on Oregon Coop Unlikely to Be Exempted From Renewable Portfolio Standard
Umatilla Electric Cooperative has been seeking an exemption from the Oregon legislature, and the recent defeat of SB 955 raises doubts as to whether the coop will obtain an exemption from the Renewable Portfolio Standard (RPS) for large utilities, which requires that 25 percent of the coop’s energy come from renewables by 2025. The East Oregonian has the full story.
Coops Working Hard to Restore Power After Alabama Storms
Posted on Apr 29, 2011 in Grid & Infrastructure, Reliability | Comments Off on Coops Working Hard to Restore Power After Alabama Storms
The Montgomery Advertiser reported that coop repair crews are traveling from other states to assist with the restoration efforts in Alabama. As many as 230,000 customers from thirteen different coops are without power across the state.
Transmission Line Proposed to Serve New Pipeline
Posted on Apr 28, 2011 in Project Development | Comments Off on Transmission Line Proposed to Serve New Pipeline
Basin Electric Power Cooperative proposes to build and oversee a 70-mile transmission line in South Dakota. The line would improve reliability and supply additional power needed to operate a Keystone XL oil pipeline proposed in the same area. While Basin Electric has yet to submit the project to the South Dakota Public Utilities Commission for approval, the coop plans to begin...
Vermont Coop Rejects Nuclear Power Deal
Posted on Apr 28, 2011 in Corporate Governance, Permitting | Comments Off on Vermont Coop Rejects Nuclear Power Deal
The board of directors of the Vermont Electric Cooperative rejected a deal on Tuesday to purchase power from Entergy Corp’s Vermont Yankee nuclear power plant citing sufficient supplies to service customers for the near-term. The power plant faces a March 2012 shutdown date unless the state legislature renews the plant’s operating license or Entergy can win a legal battle...
Proposed Coal Dust Tariff May Receive Coop Opposition
Posted on Apr 28, 2011 in Litigation, Regulation & Policy | Comments Off on Proposed Coal Dust Tariff May Receive Coop Opposition
BNSF Railway’s recently proposed coal dust tariff will limit the amount of coal dust flying from trains leaving mines in Wyoming. Coop coal buyers, including Arkansas Electric Cooperative, are among those who have opposed previous attempts to restrict the release of coal dust. The new rules should be issued in the next few weeks and coop customers will need to decide whether to...
Cobb Members Request FERC Investigation
Posted on Apr 27, 2011 in Corporate Governance | Comments Off on Cobb Members Request FERC Investigation
Two Cobb EMC members have asked the Federal Energy Regulatory Commission to investigate the Marietta, Georgia-based electric coop claiming that the coop failed to disclose material information. The Atlanta Journal-Constitution has additional details.
Legislation Regulating Pedernales Advances Out of Committee
Posted on Apr 27, 2011 in Corporate Governance | Comments Off on Legislation Regulating Pedernales Advances Out of Committee
Senate Bill 1743, which advanced out of the Texas Senate Committee on Business and Commerce on Tuesday, would mandate elections via single-member districts and require the Public Utilities Commission to approve all purchases of electric power generation equipment by Pedernales. See The Austin American-Statesman for the rest of the story.
Legislation Laying Foundation for Iowa Nuclear Plant Approved
Posted on Apr 27, 2011 in Uncategorized | Comments Off on Legislation Laying Foundation for Iowa Nuclear Plant Approved
The Iowa House of Representatives approved legislation that would establish the financial parameters for MidAmerican Energy’s construction of a nuclear plant at an undisclosed location in Iowa. Additional details can be found at The Des Moines Register.
James River Experiments Related to Coal Plant Approved
Posted on Apr 27, 2011 in Uncategorized | Comments Off on James River Experiments Related to Coal Plant Approved
The Virginia Marine Resources Commission approved experiments in the James River in connection with a proposed $6 billion coal-fired power plant in Surry County according to the Virginian-Pilot.
Subscribe
