Thirty-Three Coops Announced as Winners of CAF II Reverse Auction
Posted on Aug 29, 2018 in Technology | Comments Off on Thirty-Three Coops Announced as Winners of CAF II Reverse Auction
Thirty-three electric coops were announced today as winners of the Federal Communications Commission Connect American Fund II (CAF II) reverse auction. The thirty-three coops will collectively receive $220 million over ten years to help with the costs of deploying broadband in unserved areas.
How Clean Power Plan Replacement Affects Coops
Posted on Aug 27, 2018 in Environmental, Legislative & Politics, Regulation & Policy | Comments Off on How Clean Power Plan Replacement Affects Coops
The Environmental Protection Agency has unveiled its proposal to replace the Clean Power Plan with a more flexible rule governing carbon dioxide emissions that is expected to reduce compliance costs for coal-based generation. This proposal is known as the Affordable Clean Energy rule, and it should provide cooperatives with the certainty and flexibility needed to meet their...
Arkansas Electric Cooperatives Inc. Completes 1 MW Solar Plant
Posted on Aug 24, 2018 in Renewable Energy, Technology | Comments Off on Arkansas Electric Cooperatives Inc. Completes 1 MW Solar Plant
Today’s Power Inc., a subsidiary of Arkansas Electric Cooperatives Inc., has completed a 3,888-panel photovoltaic array which, at peak production, will provide power for about 135 homes. Its single-axis tracking system is considered among the most advanced at its scale in the country.
Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
Posted on Aug 23, 2018 in Regulation & Policy, Uncategorized | Comments Off on Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
On August 20, 2018, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 that require additional disclosure related to the material financial obligations of municipal issuers and conduit borrowers. View the full legal alert.
Development of a Proposed 220 MW Wind Farm Continues to Advance
Posted on Aug 23, 2018 in Uncategorized | Comments Off on Development of a Proposed 220 MW Wind Farm Continues to Advance
sPower is developing a $297 million wind farm in South Dakota. sPower would operate the wind farm and sell the power to North Dakota-based Basin Electric Power Cooperative.
Vermont Electric Cooperative Announces New CEO
Posted on Aug 23, 2018 in Renewable Energy, Technology | Comments Off on Vermont Electric Cooperative Announces New CEO
The Vermont Electric Cooperative recently named Rebecca Towne as the cooperative’s new chief executive officer. Towne is expected to advance innovative initiatives, including an energy transformation program that offers incentives to members to transition from fossil fuels to renewable energy sources; a community solar program under which members can sponsor panels in solar arrays and...
Lewis County Electric Coop Receives Funds to Upgrade Power Lines
Posted on Aug 23, 2018 in Financing | Comments Off on Lewis County Electric Coop Receives Funds to Upgrade Power Lines
The Lewis County Rural Electric Cooperative Association received $12.3 million for a 4-year project to upgrade some of its power lines. These funds are a loan and not a grant. The Missouri electric cooperative intends to pay back the loan through revenue generated from its customers.
NRECA Welcomes Clean Power Plan Replacement Proposal
Posted on Aug 22, 2018 in Environmental | Comments Off on NRECA Welcomes Clean Power Plan Replacement Proposal
The National Rural Electric Cooperative Association (NRECA) expressed support for the Environmental Protection Agency’s efforts to replace the Clean Power Plan with a more workable rule. According to NRECA CEO Jim Matheson, the proposed rule appears to provide electric cooperatives with a more achievable plan that adheres to EPA’s historic approach to using the Clean Air Act. This is...
USDA Announces New Loans for Electric Cooperatives
Posted on Aug 21, 2018 in Financing | Comments Off on USDA Announces New Loans for Electric Cooperatives
On August 6, 2018, the U.S. Department of Agriculture (USDA) announced that 19 electric cooperatives will receive a total of nearly $350 million in a new round of loans for infrastructure improvements, new power lines, and smart grid technologies. The loans are being made through the USDA’s Electric Infrastructure Loan and Loan Guarantee program which helps finance generation,...
Federal Risk Center Will Help Electric Cooperatives Coordinate Cybersecurity
Posted on Aug 21, 2018 in Cybersecurity, Technology | Comments Off on Federal Risk Center Will Help Electric Cooperatives Coordinate Cybersecurity
A new National Risk Management Center under the Department of Homeland Security was launched at the National Cybersecurity Summit in New York City on July 31, 2018. Among other things, the center will provide federal insight on developing threats and share information in order to help utilities anticipate and deflect cyberattacks.
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