Kentucky Coop Faces Breach of Contract Complaint
Posted on Oct 31, 2013 in Financing, Litigation, Project Development | Comments Off on Kentucky Coop Faces Breach of Contract Complaint
Nolin Rural Electric Cooperative and Trico/Tiger Development LLC (Trico/Tiger) face a complaint removed to federal court that alleges the two entities deprived a joint venture of profits stemming from a shale development project in Fort Knox, Kentucky. The joint venture, ITC Renewable, LLC, had been created by Trico/Tiger, ITI Group Corporation and Consolidated Energy Services Global,...
Webinar: Patronage Capital Litigation
Posted on Oct 29, 2013 in Corporate Governance, Derivative Suits, Financing, Litigation, Patronage Capital, Regulation & Policy, Tax, Webinar | Comments Off on Webinar: Patronage Capital Litigation
Since 2009, at least 14 cases have been filed against electric cooperatives over patronage capital (or capital credits) in eight states: Alabama, Arkansas, Georgia, Missouri, New Mexico, North Carolina, South Carolina, and Texas. To help coops understand the surge in this type of litigation, Sutherland will present a live Webinar, “Patronage Capital Litigation,” for...
Coops Urge EPA to Slow Down Carbon Rule for Existing Plants
Posted on Oct 29, 2013 in Climate Change, Environmental, Rates, Regulation & Policy | Comments Off on Coops Urge EPA to Slow Down Carbon Rule for Existing Plants
The Environmental Protection Agency’s (EPA) first “listening session” for its pending Clean Air Act emissions standards had a strong showing from coops. The National Rural Electric Cooperative Association, along with individual coops from three states, proposed a fair solution that recognizes the billions of dollars already invested by coops to clean up existing plants and allows...
USDA Makes $960 Million Investment in Rural Electric Utility System Improvements
Posted on Oct 28, 2013 in Grid & Infrastructure, Innovation/Efficiency, Reliability, Technology | Comments Off on USDA Makes $960 Million Investment in Rural Electric Utility System Improvements
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack has announced funding for rural electric utility system improvements that will benefit residential and business customers in 23 states, including more than $14.3 million to implement smart grid technology and nearly $11 million to improve electric service for Native Americans. The $960 million in USDA loan guarantees will go...
NRECA, Electric Coops, DOE Collaborate on Solar Energy
Posted on Oct 28, 2013 in Climate Change, Environmental, Regulation & Policy, Renewable Energy, Technology | Comments Off on NRECA, Electric Coops, DOE Collaborate on Solar Energy
The National Rural Electric Cooperative Association (NRECA), 15 electric cooperatives in a dozen states and the U.S. Department of Energy (DOE) are collaborating on a jointly funded project called the SunShot Initiative, which is aimed at bringing down the cost of utility-scale solar projects by controlling the costs of labor, procurement and materials through standardization. NRECA’s...
House Passes Bill Protecting Access to Low-Cost Hydropower
Posted on Oct 25, 2013 in Legislative & Politics, Rates, Regulation & Policy | Comments Off on House Passes Bill Protecting Access to Low-Cost Hydropower
The U.S. House of Representatives passed a bill by a margin of 417-3 that limits the ability of the U.S. Army Corps of Engineers to change its hydroelectric projects in ways that could result in increased rates for coops. Read the full story here.
Coops Working to Make Smart Grid Data More Accessible and Useful
Posted on Oct 25, 2013 in Grid & Infrastructure, Innovation/Efficiency, Technology | Comments Off on Coops Working to Make Smart Grid Data More Accessible and Useful
As more coops and their members adopt smart meters and smart grid technology, the next step is to find ways to use this data to meet members’ needs. A number of coops have hired the Atlanta firm Verdeeco Inc. to help implement methods for coop members to better monitor and manage their energy use. Click here for more on this story.
MISO Will Not Allow Shutdown of Presque Isle Power Plant
Posted on Oct 22, 2013 in Climate Change, Environmental, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability, Renewable Energy | Comments Off on MISO Will Not Allow Shutdown of Presque Isle Power Plant
The Midcontinent Independent System Operator (MISO) says We Energies’ Presque Isle coal-fired power plant in Michigan’s Upper Peninsula needs to remain operational for reliability reasons, despite a bid by We Energies to suspend operations. We Energies had discussed retiring the power plant several years ago but changed its mind after Wolverine Power Cooperative (Wolverine) agreed to...
Dairyland to Retire Alma Station
Posted on Oct 22, 2013 in Climate Change, Environmental, Grid & Infrastructure, Project Development, Regulation & Policy, Renewable Energy | Comments Off on Dairyland to Retire Alma Station
Dairyland Power Cooperative (Dairyland) has announced plans to shutter two boilers of one of its coal-fired generating plants in Alma, Wisconsin, because of the age of the facility, demand, market prices and regulations. Renewable Portfolio Standard (RPS) obligations require that Dairyland produce a quarter of its electricity from renewable energy sources by 2025. Currently about 88...
EPA Emission Standards Face Supreme Court Review
Posted on Oct 18, 2013 in Environmental, Litigation, Regulation & Policy | Comments Off on EPA Emission Standards Face Supreme Court Review
The U.S. Supreme Court has agreed to hear a case against the Environmental Protection Agency (EPA) arguing that the EPA has overreached its authority under the Clean Air Act by regulating greenhouse gas emissions from fossil-based power generation facilities. Oral arguments for the case (Utility Air Regulatory Group v. EPA) are expected in February or March 2014. Click here for more...
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