Idaho Battle Over RECs Heats Up
Posted on Apr 12, 2012 in Legislative & Politics, Project Development, Renewable Energy | Comments Off on Idaho Battle Over RECs Heats Up
The renewable energy credits (RECs) associated with renewable energy generation projects in Idaho are in high demand by the utilities that purchase power from the projects and the small power producers that generate it. Kootenai Electric Cooperative is one of many small generators trying to retain the marketable RECs, claiming the RECs are a separate product from the actual power...
Approved Rate Increase for Kentucky Coop Less Than Expected
Posted on Apr 12, 2012 in Economic Downturn, Patronage Capital, Rates | Comments Off on Approved Rate Increase for Kentucky Coop Less Than Expected
The Kentucky Public Service Commission (PSC) approved a $3.7 million rate increase for South Kentucky Rural Electric Cooperative Corporation (Kentucky RECC), less than half the amount originally applied for by the coop. Residential and small commercial customers will see an increase in monthly charges, but usage charges will remain the same. Citing current economic strains on...
Settlement May Be Last Hurdle for Construction of Plant Washington
Posted on Apr 12, 2012 in Environmental, Permitting, Project Development | Comments Off on Settlement May Be Last Hurdle for Construction of Plant Washington
Power4Georgians, a consortium of four Georgia electric membership cooperatives, has reached settlement terms with environmental groups opposed to the development of one of its projects, Plant Washington (an 850-megawatt, coal-fired plant in Sandersville, Georgia). Once the opposition groups sign the settlement, Power4Georgians will have the final state permit for construction of Plant...
Coop Helps Jump Start Job Growth in South Carolina
Posted on Apr 10, 2012 in Economic Downturn, Innovation/Efficiency, Land Use | Comments Off on Coop Helps Jump Start Job Growth in South Carolina
South Carolina company Pee Dee Electricom, a subsidiary of Pee Dee Electric Cooperative, and Marion County have announced a partnership to build a 50,000-square-foot building in the Marion County Industrial Park. This building will be used to attract industry and jobs to Marion County. Construction is expected to be completed by September. Click here for more.
IRS Form Change Affects Coops
Posted on Apr 10, 2012 in Tax | Comments Off on IRS Form Change Affects Coops
An Internal Revenue Service (IRS) change could affect the way that electric coops report capital credits on federal tax forms. The change affects Form 990, which organizations exempt from federal income taxes must file annually to provide their financial information to the government. New language in the instructions of Form 990 states that “patronage dividends paid” by tax-exempt...
Western Coops Face Unpredictable Outages Due to Wild Weather
Posted on Apr 9, 2012 in Environmental, Grid & Infrastructure, Reliability | Comments Off on Western Coops Face Unpredictable Outages Due to Wild Weather
Several Western states have faced unpredictable weather this spring, which has caused ongoing challenges for electric coops attempting to keep power flowing to customers. In New Mexico, Springer Electric Cooperative, Inc., has been working to replace at least 150 poles and restore service to about one-third of the coop’s more than 3,000 consumer-members after snow and high winds...
Nuclear Regulatory Commission Issues New Licenses for Nuclear Reactors
Posted on Apr 9, 2012 in Grid & Infrastructure, Project Development, Technology | Comments Off on Nuclear Regulatory Commission Issues New Licenses for Nuclear Reactors
The Nuclear Regulatory Commission has approved a license for two new nuclear reactors in South Carolina. The new licenses come less than two months after the NRC issued its first new permit in more than 30 years for two units at the Alvin W. Vogtle Nuclear Plant in eastern Georgia. Marvin Fertel, president and CEO of the Nuclear Energy Institute, predicts that there will be an...
National Rural Utilities Cooperative Finance Corporation Makes First Loan Sale to Bank
Posted on Apr 9, 2012 in Financing, Grid & Infrastructure, Project Development | Comments Off on National Rural Utilities Cooperative Finance Corporation Makes First Loan Sale to Bank
The National Rural Utilities Cooperative Finance Corporation (CFC) has finalized a $25 million loan sale to KeyBank National Association on behalf of KAMO Power, an Oklahoma-based cooperative. Although CFC has made more than $1 billion in loan sales to Farmer Mac over the past five years, this three-year, unsecured loan is the first loan sale made to a bank. KAMO plans to use the...
AECC Agrees to Long-Term Power Purchase Agreement for Wind Energy
Posted on Apr 6, 2012 in Project Development, Renewable Energy | Comments Off on AECC Agrees to Long-Term Power Purchase Agreement for Wind Energy
Arkansas Electric Cooperative Corporation issued a press release yesterday announcing its agreement to purchase 51 MW of wind energy from the Flat Ridge 2 South Wind Farm in Kansas. The project is in the construction phase and is part of a larger 419-MW facility financed by BP and Sempra U.S. Gas & Power. Read more here.
Wildfire Litigation Against Texas Coop Pushed to 2013
Posted on Apr 6, 2012 in Litigation | Comments Off on Wildfire Litigation Against Texas Coop Pushed to 2013
A large number of civil claims were filed against Bluebonnet Electric Cooperative following a fire in September 2011. Plaintiffs allege that the coop failed to remove dead trees and branches near power lines and that this failure contributed to the fire. A number of pretrial tasks, motions and proceedings are still outstanding, and it is expected the case won’t go to trial until...
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