Financing Secured for Two Iowa Wind Projects
Posted on Jun 18, 2012 in Financing, Project Development, Renewable Energy | Comments Off on Financing Secured for Two Iowa Wind Projects
With Rabobank and BayernLB providing credit facilities, the 36-MW Hawkeye and 50-MW Rippey wind farm projects continue to move forward. RPM Access, the developer, anticipates that the projects will be completed this fall. Central Iowa Power Cooperative has agreed to purchase energy from the facilities under long-term power purchase agreements. Read more here.
Rayburn Electric Receives ‘A-’ Credit Rating from S&P
Posted on Jun 13, 2012 in Financing | Comments Off on Rayburn Electric Receives ‘A-’ Credit Rating from S&P
Rayburn Country Electric Cooperative, Inc. has received ‘A-‘ Issuer credit rating from Standard & Poor’s Ratings Services (S&P). Click here for additional details .
Energy Secretary Urged to Consult Coops Over Hydropower Reform
Posted on Jun 13, 2012 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy, Renewable Energy | Comments Off on Energy Secretary Urged to Consult Coops Over Hydropower Reform
Energy Secretary Steven Chu is being urged by 166 members of Congress to consult coops and utilities before reforming the four agencies that oversee the nation’s hydropower marketing: the Bonneville Power Administration, the Southeastern Power Administration, the Southwestern Power Administration and the Western Area Power Administration. The proposed reforms largely target the...
Alaska Coop to Reduce Costs With New Fuel Delivery Boats
Anchorage-based Alaska Village Electric Cooperative (AVEC) christened two sets of tugs and barges, which will help the coop cut fuel costs. AVEC serves 54 remote villages and spends more than half of its gross revenue on diesel fuel for generation. AVEC entered into a long-term delivery contract with Anchorage-based Vitus Marine, LLC (Vitus), agreeing to provide upfront costs for its...Kentucky Coop Seeks Proposals for Alternative Energy Sources
Posted on Jun 11, 2012 in Climate Change, Environmental, Grid & Infrastructure, Innovation/Efficiency, Renewable Energy | Comments Off on Kentucky Coop Seeks Proposals for Alternative Energy Sources
East Kentucky Power Cooperative (EKPC) is seeking proposals for electric-generating resources to replace power plants that could be shut down when the federal Mercury and Air Toxics Standards take effect in 2015. As a result of the new regulations, EKPC is facing the possibility of replacing some large coal-fueled units. Proposals are due by Aug. 30, 2012, and EKPC expects agreements...
U.S. Representatives Continue Pressing EPA on Utility Regulations
Posted on Jun 11, 2012 in Climate Change, Environmental, Legislative & Politics, Regulation & Policy | Comments Off on U.S. Representatives Continue Pressing EPA on Utility Regulations
The Republican chairs of the House Energy and Commerce Committee sent another letter to the Environmental Protection Agency demanding another accounting of the compliance costs associated with the Utility Maximum Achievable Control Technology (Utility MACT) rule. The Utility MACT rule requires power plant operators to reduce toxic air emissions by some 90 percent over the next three...
DOE Extends $8 Billion Loan Guarantee for Nuclear Plant
Posted on Jun 11, 2012 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy | Comments Off on DOE Extends $8 Billion Loan Guarantee for Nuclear Plant
The Department of Energy has extended its conditional commitment to the end of the year to provide an $8.3 billion federal loan guarantee to help finance the nuclear expansion of Plant Vogtle in Georgia. Southern Company officials initially said the agreement would be finalized by the end of June. Southern Company subsidiary Georgia Power Company and nuclear partners Oglethorpe Power...
Proposed San Diego Coop to Offer Green Energy Alternative
Posted on Jun 11, 2012 in Climate Change, Regulation & Policy, Renewable Energy | Comments Off on Proposed San Diego Coop to Offer Green Energy Alternative
The San Diego Energy District Foundation (SDED) hopes to create a local coop in which current customers of San Diego Gas & Electric would be given a choice to purchase local green power from a non-profit Community Choice Aggregation (CCA) plan. The SDED is discussing a proposed CCA plan with officials in San Diego County and the cities of Solana Beach and Santee. Click here for...
Blue Ridge Mountain Electric Membership Corporation Included in Solar Power Survey
Posted on Jun 6, 2012 in Renewable Energy | Comments Off on Blue Ridge Mountain Electric Membership Corporation Included in Solar Power Survey
Blue Ridge Mountain Electric Membership Corporation (Blue Ridge Mountain) of Young Harris, Georgia, ranked second in the Solar Electric Power Association’s (SEPA) Utility Solar Rankings for 2011. SEPA included more than 240 utilities in this survey of solar growth. For more information, click here.
Electric Coops Adding New Members Despite U.S. Rural Population Declines
Posted on Jun 6, 2012 in Uncategorized | Comments Off on Electric Coops Adding New Members Despite U.S. Rural Population Declines
Recent demographical statistics show that the population of rural parts of the United States is slowly declining, and the percentage of rural population is at an all-time low. In 2011, only 16.4 percent of the nation’s population lived in rural areas. In spite of this shift, electric cooperatives have continued to add members, adding 187,000 new members in 2010. For...
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