Coops Oppose FERC Order on Environmental Redispatch
Posted on Jan 12, 2012 in Environmental, Regulation & Policy, Renewable Energy | Comments Off on Coops Oppose FERC Order on Environmental Redispatch
The National Rural Electric Cooperative Association (NRECA) filed in opposition of the Federal Energy Regulatory Commission’s (FERC’s) recent order instructing the Bonneville Power Administration (BPA) to revise its environmental redispatch policy. FERC found the policy discriminated against wind generators to the benefit of hydropower production. NRECA claimed the order exceeded...
Potential Joint Venture Could Save Michigan Plant
Posted on Jan 12, 2012 in Environmental, Financing | Comments Off on Potential Joint Venture Could Save Michigan Plant
Wolverine Power Cooperative and We Energies are evaluating whether a joint venture may be reached to avoid shutting down the Presque Isle coal-fired power plant in 2017 due to the added costs of the Environmental Protection Agency’s new environmental rules. The joint venture would finance the environmental controls needed to keep the plant open, which are estimated to cost hundreds of...
BP Wind Energy and Sempra U.S. Gas & Power to Develop Two Wind Farms and Sell Power to Several Coops
Posted on Jan 12, 2012 in Renewable Energy | Comments Off on BP Wind Energy and Sempra U.S. Gas & Power to Develop Two Wind Farms and Sell Power to Several Coops
BP Wind Energy and Sempra U.S. Gas & Power are jointly developing a 141 MW wind farm in Pennsylvania and a 419 MW wind farm in Kansas with a combined $1 billion investment. Old Dominion Electric Cooperative and Southern Maryland Electric Cooperative Inc. are both buying the output from the Pennsylvania wind farm under power purchase agreements. Associated Electric Cooperative...
NRECA and Coops Challenge FERC’s Self-Supply Order
Posted on Jan 9, 2012 in Litigation, Regulation & Policy, Reliability | Comments Off on NRECA and Coops Challenge FERC’s Self-Supply Order
The National Rural Electric Cooperative Association, along with several coops, munis, industrial customers and the American Public Power Association, has requested a rehearing of the Federal Energy Regulatory Commission’s controversial November 17th order on the issue of self-supply. The order questions whether load-serving entities such as electric coops can self-supply the power...
Swap Regulations Delayed Once More
Posted on Jan 9, 2012 in Permitting, Regulation & Policy | Comments Off on Swap Regulations Delayed Once More
Once again, the Commodity Futures Trading Commission has delayed the effective date of regulations that will tighten controls over energy futures markets. Electric coops use derivatives as a way to provide predictability in the price of power. The swap regulations, originally slated to take effect July 16, 2011, had already been pushed back to December 31, 2011. The provisions are...
Great River Energy Buys Large Stake in Ethanol Biorefinery
Posted on Jan 9, 2012 in Financing, Grid & Infrastructure, Mergers/Acquisitions | Comments Off on Great River Energy Buys Large Stake in Ethanol Biorefinery
Great River Energy, a nonprofit coop that provides wholesale electric service to distribution coops in Minnesota and Wisconsin, purchased a 51 percent stake in an Underwood, North Dakota ethanol biorefinery. Prior to the $18.5 million cash deal, Great River Energy had owned a 49 percent stake in the Blue Flint Ethanol LLC biorefinery. Business Week has the full story here.
Sutherland Attorneys Outline 10 Power Grid Cyber Security Strategies
Posted on Jan 9, 2012 in Grid & Infrastructure, Technology | Comments Off on Sutherland Attorneys Outline 10 Power Grid Cyber Security Strategies
The regulatory landscape for protecting the electric power grid against cyber threats is fraught with uncertainty. But there are strategies that compliance officers and regulatory affairs personnel can implement today to combat cyber threats that may compromise physical electrical infrastructure. These strategies can help electric utilities, owners and operators of generation and...
Vermont Electric Cooperative Pursues Power Deal with Seabrook Nuclear Plant
Posted on Jan 4, 2012 in Innovation/Efficiency, Rates, Renewable Energy | Comments Off on Vermont Electric Cooperative Pursues Power Deal with Seabrook Nuclear Plant
Vermont Electric Cooperative (VEC) has expressed interest in entering a 20-year power purchase agreement with a NextEra Energy nuclear power plant in Seabrook, New Hampshire. The Vermont Public Service Board and the VEC board of directors must approve the purchase before the parties can go forward with the agreement. The contract would be for 16 to 17 percent of VEC’s annual energy...
2011 CFC-Arranged Syndications Top $3 Billion
Posted on Jan 4, 2012 in Financing | Comments Off on 2011 CFC-Arranged Syndications Top $3 Billion
The National Rural Utilities Cooperative Finance Corporation (CFC) arranged $3.1 billion of syndicated revolving credit facilities for members in calendar year 2011. This number increased over prior years due to an increase in liquidity and a desire for participating financial institutions to open relationships with new borrowers. CFC has arranged 57 percent of all syndicated...
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