Arkansas Coop Extends $250 Million Syndication with CFC
Posted on Jun 26, 2013 in Financing, Grid & Infrastructure | Comments Off on Arkansas Coop Extends $250 Million Syndication with CFC
Arkansas Electric Cooperative Corporation recently closed an Amend and Extend agreement with the National Rural Utilities Cooperative Financing Corporation (CFC), locking in current pricing and extending the maturity date of its $250 million credit facility to June 2016. Both parties were pleased with the speed and efficiency of utilizing the Amend and Extend transaction, which was...
NRECA Warns CFTC Not to Expand Definition of “Swap Dealer”
Posted on Jun 26, 2013 in Regulation & Policy | Comments Off on NRECA Warns CFTC Not to Expand Definition of “Swap Dealer”
The National Rural Electric Cooperative Association (NRECA) has signed on to a letter with other energy trade associations insisting that the Commodity Futures Trading Commission (CFTC) refrain from lowering the swap threshold from $8 billion to $3 billion. This change would have the effect of expanding the definition of “swap dealer” to include commercial end-users. Such an...
NRECA to Oppose Certain Power Plant Rules in Obama Climate Plan
Posted on Jun 25, 2013 in Climate Change, Innovation/Efficiency, Legislative & Politics, Regulation & Policy | Comments Off on NRECA to Oppose Certain Power Plant Rules in Obama Climate Plan
Due to concerns that power plant regulations would impose enormous costs on vulnerable citizens, the National Rural Electric Cooperative Association (NRECA) has stated that it intends to oppose any effort to use Obama’s Clean Air Act to reduce carbon dioxide emissions. While the climate plan, which was slated for release on June 25, has been widely expected to address rules to limit...
House Will Consider Coal Ash Bill
Posted on Jun 24, 2013 in Environmental, Legislative & Politics, Regulation & Policy | Comments Off on House Will Consider Coal Ash Bill
The House Energy and Commerce Committee voted on June 20 in favor of a measure that would set up a new state-run program to manage and dispose of coal ash. The vote will send a bill, backed by the National Rural Electric Cooperative Association, regulating coal ash impoundments at power plants to the House floor for the second time in less than three years. The Environmental...
Metal Theft Prevention Act Heads to the U.S. Senate
Posted on Jun 24, 2013 in Legislative & Politics, Regulation & Policy | Comments Off on Metal Theft Prevention Act Heads to the U.S. Senate
After clearing the Senate Judiciary Committee, the Metal Theft Prevention Act, S. 394, is on its way to the full Senate. If the bill is passed, metal theft would become a federal crime, and metal recyclers and other purchasers would be required to take additional steps to ensure that scrap metal was lawfully obtained by would-be sellers. The bill has bipartisan support in Congress...
Coops Continue to Monitor Wildfires
Posted on Jun 19, 2013 in Environmental, Reliability | Comments Off on Coops Continue to Monitor Wildfires
Cooperatives in the mountain west region of the United States, including Mountain View Electric Association and Tri-State Generation and Transmission Association, continue to monitor the Black Forest fire in Colorado and several other blazes in Colorado and in New Mexico. The cooperatives are concerned about fire season but have not experienced any significant damage to their...
Warning Issued for Virginia Utility Billing Scam
Posted on Jun 18, 2013 in Economic Downturn | Comments Off on Warning Issued for Virginia Utility Billing Scam
Virginia Attorney General Ken Cuccinelli has issued a warning about scam phone calls from people claiming to be employees of Dominion Virginia Power, Shenandoah Valley Electric Cooperative or Rappahannock Electric Cooperative, threatening to shut off electric service unless a delinquent bill is paid within a matter of hours. The scammers then instruct customers to buy a prepaid debit...
Pedernales Names New CEO
Posted on Jun 18, 2013 in Corporate Governance, Grid & Infrastructure | Comments Off on Pedernales Names New CEO
John Hewa, vice president of research, engineering and technical services for the National Rural Electric Cooperative Association, has been chosen to take the reins at Pedernales Electric Cooperative, Inc., the nation’s largest distribution electric coop. Hewa’s appointment as chief executive officer is effective July 22. In his new role, Hewa will be responsible for 250,000 meters...
Nevada Governor’s Veto is Good News for Coop
Posted on Jun 18, 2013 in Legislative & Politics, Regulation & Policy, Renewable Energy | Comments Off on Nevada Governor’s Veto is Good News for Coop
Valley Electric Association (VEA) will remain outside the regulatory authority of the Public Utilities Commission of Nevada thanks to a veto by Governor Brian Sandoval. Assembly Bill 391 would have added another layer of regulatory oversight to several VEA projects and contracts. For more on this story, click here.
NRECA Backs Potential Senate Deal on Federal Building Efficiency
Posted on Jun 13, 2013 in Climate Change, Energy Savings Programs, Environmental, Innovation/Efficiency, Legislative & Politics, Regulation & Policy | Comments Off on NRECA Backs Potential Senate Deal on Federal Building Efficiency
The National Rural Electric Cooperative Association (NRECA) is supporting bipartisan legislation to repeal a law ending fossil energy use in new and renovated federal buildings by 2030 and replace it with legislation to expand existing efficiency goals. A June 3 letter sent by NRECA and eight trade organizations to members of the U.S. Senate stated: “These provisions would give...
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