CoBank Announces New Regional Vice President, Electric Distribution
Posted on Jun 27, 2014 in Corporate Governance | Comments Off on CoBank Announces New Regional Vice President, Electric Distribution
CoBank has announced that it has named Miranda Stokes as Regional Vice President, Electric Distribution. Stokes joins CoBank from the Global Banking and Markets Division of Bank of America Merrill Lynch in Chicago. To read more about this story, please click here.
Coops Poised to Use Solar Power
Posted on Jun 25, 2014 in Renewable Energy | Comments Off on Coops Poised to Use Solar Power
Bob Gibson, vice president of education and communication for the Solar Electric Power Association, spoke recently at the G&T Communicators Summer Conference held at the National Rural Electric Cooperative Association (NRECA) headquarters. Gibson discussed options that utilities, including coops, are pursuing to create new revenue streams as consumers add solar as an option for...
High Court Hands Down Mixed Decision on EPA’s Power
Posted on Jun 24, 2014 in Climate Change, Environmental, Legislative & Politics, Litigation, Regulation & Policy | Comments Off on High Court Hands Down Mixed Decision on EPA’s Power
The U.S. Supreme Court ruled that the Environmental Protection Agency (EPA) violated the Clean Air Act when it expanded two permitting programs to include carbon dioxide emissions, and that the EPA misinterpreted the Clean Air Act when it concluded that a source’s greenhouse gas emissions can trigger permitting requirements under the law’s Title V or Prevention of Significant...
Bankruptcy Judge Confirms Montana Coop’s Chapter 11 Plan
Posted on Jun 24, 2014 in Corporate Governance, Environmental, Litigation | Comments Off on Bankruptcy Judge Confirms Montana Coop’s Chapter 11 Plan
A U.S. Bankruptcy Court judge has officially approved Southern Montana Electric Generation and Transmission Cooperative’s Chapter 11 reorganization plan. Click here for more information about the plan. Click here for details regarding the plan’s final confirmation.
Work Begins at New Coop Hydroelectric Project
Posted on Jun 20, 2014 in Project Development, Renewable Energy | Comments Off on Work Begins at New Coop Hydroelectric Project
The Alaskan coop, Copper Valley Electric Association, recently announced that work has begun at its Allison Creek Hydroelectric Project. The total estimated cost of the project is $49 million. When completed, it will produce energy at a cost of 13.75 cents per kWh. The project is displacing diesel-powered generation units, which produce energy at a cost of 24.7 cents per kWh. Please...
Palmetto President and CEO Receives Award and Endowed Scholarship Established in His Honor
Posted on Jun 19, 2014 in Legislative & Politics | Comments Off on Palmetto President and CEO Receives Award and Endowed Scholarship Established in His Honor
The University of South Carolina Beaufort recently announced a $100,000 endowed scholarship honoring retiring Palmetto Electric Cooperative President and CEO Tom Upshaw. Palmetto Electric Cooperative (Palmetto) and Palmetto Electric Trust provided the funds for the endowment. South Carolina Governor Nikki Haley also awarded Upshaw with the Order of the Palmetto, South Carolina’s...
Ferrellgas Acquires Kaw Valley Propane
Posted on Jun 19, 2014 in Mergers/Acquisitions | Comments Off on Ferrellgas Acquires Kaw Valley Propane
Ferrellgas Partners, L.P. (Ferrellgas) recently acquired Kaw Valley Propane from Kaw Valley Electric Cooperative, based in Topeka, Kansas. This acquisition marks Ferrellgas’ fifth retail propane acquisition since August 2013. Read more about this story here.
Telecom Company Wins Transmission Case
Posted on Jun 17, 2014 in Grid & Infrastructure, Land Use, Litigation, Project Development, Rates | Comments Off on Telecom Company Wins Transmission Case
A North Carolina court ruled that pole attachment rates charged by Rutherford Electric Membership Corporation were in violation of a North Carolina statute, according to the Federal Communications Commission rate formula. The issue revolves around the rates per pole that would be charged to telecom customers in the area. Nearly 7,400 poles are at issue. For more information, click...
Customers of Florida Coop to Get Millions
Posted on Jun 17, 2014 in Patronage Capital | Comments Off on Customers of Florida Coop to Get Millions
Florida-based Lee County Electric Cooperative has approved an equity distribution of $6.1 million to current and inactive customers and an additional distribution of $6.1 million to memberships that have been closed since 2006. Customers receiving a distribution of less than $250 will receive a credit on their bills. Click here for more information.
Montana Coop Set to Emerge from Bankruptcy
Posted on Jun 17, 2014 in Corporate Governance, Financing, Litigation | Comments Off on Montana Coop Set to Emerge from Bankruptcy
A federal bankruptcy judge tentatively approved a reorganization plan for Southern Montana Electric Generation and Transmission Cooperative last week, pending receipt of a proposed order and other supplemental plan documents and agreements. As the Sutherland Coop Team reported on March 29, 2014, Southern Montana settled in March with noteholders that funded the construction of a gas...
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