Storms Hit Close to Home for Vermont Coop
Posted on May 31, 2011 in Reliability | Comments Off on Storms Hit Close to Home for Vermont Coop
Washington Electric Cooperative in Vermont has experience with restoring the power of customers affected by storms, floods, and other inclement weather. However, last week, the entire ground floor of the coop’s headquarters in East Montpelier was flooded during the heavy rains that hit the area. The coop is asking customers to limit calls to very important matters as it restores its...
Arizona Coop Litigates for Funds Allegedly Misappropriated
Posted on May 31, 2011 in Litigation | Comments Off on Arizona Coop Litigates for Funds Allegedly Misappropriated
Mohave Electric Cooperative is in the midst of discovery in a now-year-and-a-half struggle with its former CEO, Robert Broz. The coop alleges that Broz abused his authority as the board president of two spinoff companies for his personal financial gain, potentially in the ballpark of $4 million and $22 million. The coop seeks to recoup this money, which would go back to its members. ...
Coop Plans for Growth Related to Shale Drilling Operations
Posted on May 27, 2011 in Corporate Governance, Land Use, Technology | Comments Off on Coop Plans for Growth Related to Shale Drilling Operations
In its annual meeting, South Texas Electric Cooperative discussed and laid out plans to deal with its expected growth over the coming years. One of the primary drivers of the coop’s growth is the development of the Eagle Ford Shale drilling operations. See the Victoria Advocate for more.
State of Kansas Delays Disaster Relief Payments to Coops
Posted on May 27, 2011 in Financing, Legislative & Politics | Comments Off on State of Kansas Delays Disaster Relief Payments to Coops
After lengthy budget negotiations, Kansas legislators returned home without providing funding to pay for work that coops have already completed. The $2.3 million in delayed payments are a part of Kansas’ match of federal disaster relief funding. Without these funds, coops are turning to other sources of financing. The Kansas City Star has the full story.
Idaho Public Utilities Commission to Consider Wind Power Dispute
Posted on May 26, 2011 in Litigation, Renewable Energy | Comments Off on Idaho Public Utilities Commission to Consider Wind Power Dispute
The Idaho Public Utilities Commission announced it will hear oral arguments between Boise-based Exergy Development Group, the developer of four proposed Cassia County wind projects, and Rocky Mountain Power on June 9. Exergy filed a complaint against Rocky Mountain, arguing that its planned wind projects near Malta should receive a higher rate from Rocky Mountain. Rocky Mountain...
U.S. Supreme Court Affirms $345 Million Payment to Coops
Posted on May 26, 2011 in Litigation, Rates | Comments Off on U.S. Supreme Court Affirms $345 Million Payment to Coops
On May 16, the U.S. Supreme Court declined to hear BNSF Railway Company’s appeal of a 2009 Surface Transportation Board decision, which required BNSF to pay $345 million to Basin Electric Power Cooperative, based in Bismarck, North Dakota; other participants in the Missouri Basin Power Project; and a fuel supply cooperative. A federal appeals court previously affirmed the board’s...
Missouri Tornadoes Impact Coop Power Distribution
Posted on May 26, 2011 in Environmental, Grid & Infrastructure, Reliability | Comments Off on Missouri Tornadoes Impact Coop Power Distribution
The disastrous weather system that spawned severe storms and deadly tornadoes and spread destruction across portions of Missouri and six other states between May 21 and 23 has also affected area coops’ ability to distribute power. New-Mac Electric Cooperative, a Neosho, Missouri-based coop, reported more than 4,000 of its nearly 17,000 meters out of service. Many of the outages were...
Old Dominion Models Show No Significant Impact on Human Health and Environment at Hampton Roads Coal-Fired Plant
Posted on May 25, 2011 in Environmental | Comments Off on Old Dominion Models Show No Significant Impact on Human Health and Environment at Hampton Roads Coal-Fired Plant
In response to the Chesapeake Bay Foundation’s recent report projecting an annual increase in healthcare costs of more than $200 million related to Old Dominion Electric Cooperative’s planned coal-fired generation plant near Newport News, Virginia, Old Dominion reports that computer models meeting state and federal standards determined that the plant “will demonstrate no significant...
South Carolina House of Representatives Considering Passage of Patronage Capital Legislation
Posted on May 25, 2011 in Patronage Capital | Comments Off on South Carolina House of Representatives Considering Passage of Patronage Capital Legislation
The South Carolina House of Representatives is currently considering legislation that would significantly revise cooperatives’ use and distribution of patronage capital. The bill would, among other things, clarify the requirement that patronage capital be refunded to its members pro rata in accordance with the patronage of the respective members. It would also allow cooperatives the...
Cyber Thieves Target Cooperatives
Posted on May 25, 2011 in Uncategorized | Comments Off on Cyber Thieves Target Cooperatives
An investigation indicates that cyber criminals have targeted cooperatives along with other non-profit organizations for financial theft. Two reported thefts involved fraudulent automated clearinghouse transfers. Typically, the fraudulent transfers are so small that they go unnoticed, but the losses can quickly mount up. Electric Coop Today has more on the story and tips on how to...
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