Utilities and Cooperatives Laud Inflation Reduction Act
Posted on Aug 31, 2022 in Legislative & Politics | Comments Off on Utilities and Cooperatives Laud Inflation Reduction Act
Rural electric cooperatives and other utilities that operate in the Boulder Valley and Northern Colorado are hailing elements of the Inflation Reduction Act, which provides tax incentives and other benefits to encourage conversion to renewable energy. The Inflation Reduction Act, signed into law August 16 by President Joe Biden, includes almost $370 billion to address climate change,...
Kenergy Challenges PSC Ruling
Posted on Aug 26, 2022 in Legislative & Politics | Comments Off on Kenergy Challenges PSC Ruling
Kenergy Corp., a rural power cooperative, has challenged state Public Service Commission (PSC) findings that it improperly restricted financial benefits to customers who produce solar energy. The dispute between Kenergy and the PSC stems from the cooperative’s “net metering program,” which allows customers who generate renewable energy to essentially sell it back into the power...
Electric Cooperative Looks to Grants to Help Expand Internet Coverage to Rural Areas
Posted on Aug 24, 2022 in Community Development, Financing | Comments Off on Electric Cooperative Looks to Grants to Help Expand Internet Coverage to Rural Areas
Cullman Electric Cooperative, which has already invested $25 million to provide fiber optic internet coverage to 15,000 unserved customers, has begun applying for state grants to help achieve its goal of reaching all 35,000 members.
New Solar Project to Save School District, Cooperative Members Money
Posted on Aug 24, 2022 in Energy Efficiency, Renewable Energy | Comments Off on New Solar Project to Save School District, Cooperative Members Money
Ozarks Electric Cooperative is joining with Today’s Power and Springdale Public Schools in a new solar project which will offset about 95% of the total energy consumed by certain schools and will save cooperative members about $2.3 million over the next 25 years.
McCone Electric Cooperative Receives $1.2 Million for Disaster Aid
Posted on Aug 19, 2022 in Natural Disaster | Comments Off on McCone Electric Cooperative Receives $1.2 Million for Disaster Aid
McCone Electric Cooperative (McCone) in Montana received $1.2 million from the Federal Emergency Management Agency for recovery efforts from severe storms in June of 2021. McCone intends to use the funds to strengthen power lines.
Inflation Reduction Act of 2022 – Signed into law: A summary of the energy tax provisions
Posted on Aug 16, 2022 in Publications | Comments Off on Inflation Reduction Act of 2022 – Signed into law: A summary of the energy tax provisions
The Inflation Reduction Act of 2022 (the Act) was signed into law on August 16, 2022, and includes about $370 billon for American energy security and climate change. Those changes include very substantial extensions, expansions and modifications of the tax credits for renewable and alternative energy development. In one of the best-kept secrets in Washington, Senators Manchin and...
Virginia Cooperative Breaks New Ground for EVs
Posted on Aug 16, 2022 in Energy Efficiency | Comments Off on Virginia Cooperative Breaks New Ground for EVs
Northern Neck Electric Cooperative, a member of Old Dominion Electric Cooperative, is pioneering a program to give electric vehicle (EV) owners a break when charging up their vehicles — as long as they do so when other members’ power demand is relatively low. It will be the first voluntary, separately metered, off-peak EV charging rate offered by an electric utility in...
Arizona Governor Signs Bill Eliminating Double Assessment on Electric Cooperative Revenues
Posted on Aug 11, 2022 in Legislative & Politics | Comments Off on Arizona Governor Signs Bill Eliminating Double Assessment on Electric Cooperative Revenues
Arizona Governor Doug Ducey signed five bills into law this week, including one that eliminates the double assessment on rural electric cooperatives. Formerly, a cooperative’s gross intrastate revenues were taxed through the generation cooperative, as well as the cooperative member, resulting in customers paying twice the tax to power their homes.
Kentucky Electric Cooperatives Provide Assistance Following Floods
Posted on Aug 8, 2022 in Natural Disaster | Comments Off on Kentucky Electric Cooperatives Provide Assistance Following Floods
Electric cooperatives across Kentucky are working together to provide assistance to citizens facing widespread damage caused by flooding. The statewide association, Kentucky Electric Cooperatives, has enabled the Kentucky Rural Electric Disaster Fund to help cooperative employees, and many distribution cooperatives are collecting items to support residents in flood-ravaged...
Indiana Cooperative to Develop Solar Array
Posted on Aug 5, 2022 in Renewable Energy | Comments Off on Indiana Cooperative to Develop Solar Array
Hendricks Power Cooperative, a rural electric cooperative which serves 35,000 members in central Indiana, broke ground on a 7 MW solar installation of over 19,000 panels. The project will be the largest solar array for a rural municipal electric cooperative in Indiana.
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