Arizona Coops Relieved From Solar Incentive Payments
Posted on Dec 30, 2014 in Financing, Regulation & Policy, Renewable Energy | Comments Off on Arizona Coops Relieved From Solar Incentive Payments
The Arizona Corporation Commission (ACC) has granted the requests of Sulphur Springs Valley Electric Cooperative and Graham County Electric Cooperative to remove a requirement that each coop offer customers solar incentives for leased distributed generation systems. The ACC may expand the decision to other coops and is investigating, among other things, consumer protection...
Mississippi Regulator Imposes New Annual Filing Requirement
Posted on Dec 18, 2014 in Corporate Governance, Patronage Capital, Regulation & Policy | Comments Off on Mississippi Regulator Imposes New Annual Filing Requirement
The Mississippi Public Service Commission directed electric coops to make an annual filing to provide information on open meetings, board member elections, coop fund management and other matters to keep customers apprised of their respective ownership shares and worth. The filing is due May 1 of each year beginning in 2015. Click here to read more.
Basin Electric Slated to Purchase New Wind Generation
Posted on Dec 18, 2014 in Permitting, Project Development, Regulation & Policy, Renewable Energy | Comments Off on Basin Electric Slated to Purchase New Wind Generation
The North Dakota Public Service Commission approved construction of a new 172-MW wind farm to be located in the western area of the state. Basin Electric Power Coop (Basin Electric) has signed a 25-year power purchase agreement for the full output of the $240 million project being built by Antelope Hills Wind Project LLC. Antelope Hills is aiming for a late 2015 in-service date. ...
Coop Employees See Added Pension Security
Posted on Dec 18, 2014 in Corporate Governance, Legislative & Politics, Tax | Comments Off on Coop Employees See Added Pension Security
President Obama recently signed into law a new measure to ensure that current coop employees under the age of 62 maintain access to the “quasi-retirement” feature of the NRECA Retirement Security Plan. Absent the new law, these employees would not receive the full distribution earned and for which electric coops have paid. To learn more about this exciting development, please click...
Oklahoma Coop Members Successfully Petition to Elect New Board
Posted on Dec 17, 2014 in Corporate Governance | Comments Off on Oklahoma Coop Members Successfully Petition to Elect New Board
Several thousand members of Choctaw Electric Cooperative, based in Hugo, Oklahoma, have signed a petition to recall the board of directors in the wake of an investigation into potential embezzlement by the coop’s former general manager. To read more please click here.
Georgia Coops to Purchase Energy and RECs from Southern Power Solar Facility
Posted on Dec 17, 2014 in Project Development, Renewable Energy | Comments Off on Georgia Coops to Purchase Energy and RECs from Southern Power Solar Facility
Southern Power has announced plans to develop a 131-MW photovoltaic solar project in Georgia. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold to Cobb EMC, Flint EMC and Sawnee EMC pursuant to 25-year power purchase agreements. To read more about this story please click here.
ETEC Using Pine Trees to Add Capacity
Posted on Dec 12, 2014 in Renewable Energy | Comments Off on ETEC Using Pine Trees to Add Capacity
East Texas Electric Cooperative (ETEC) says the new Woodville Renewable Power Project is generating about 50 MWs of electricity from pine trees and timber waste produced by local logging operations, enough to meet the needs of 35,000 homes. “Power from the plant is already being used by four of the G&T’s 10 distribution co-ops.” ETEC is attempting to mitigate the market’s...
Fitch Ratings—Stable Outlook for Power in 2015
Posted on Dec 11, 2014 in Financing, Grid & Infrastructure | Comments Off on Fitch Ratings—Stable Outlook for Power in 2015
Fitch Ratings’ 2015 Outlook reports that electric coops and other power suppliers are positioned to meet several near-term challenges, such as impending environmental regulatory deadlines, rate pressures and energy efficiency. The results are a “Stable” outlook and ratings for the sector. Click here to learn more.
2014 Electricity Rates on the Rise
Posted on Dec 11, 2014 in Rates | Comments Off on 2014 Electricity Rates on the Rise
The Energy Information Administration (EIA) issued a December 9 report finding that 2014 residential, commercial and industrial electricity rates increased from 2013 rates. The change largely is due to higher natural gas prices and resulting fuel costs for power generators. Click here for more information.
NRECA Supports New NERC Grid Protection Standards
Posted on Dec 10, 2014 in Grid & Infrastructure, Regulation & Policy, Reliability | Comments Off on NRECA Supports New NERC Grid Protection Standards
The National Rural Electric Cooperative Association (NRECA) is welcoming the North American Electric Reliability Corporation’s (NERC) new Physical Security Grid Reliability Standards as a framework for cooperatives and other utilities to assess physical system risk and identify critical facilities, says NRECA CEO Jo Ann Emerson. To read more please click here.
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