J.D. Power Survey Shows Coop Members Increasingly Satisfied
Posted on Jul 25, 2014 in Corporate Governance, Rates | Comments Off on J.D. Power Survey Shows Coop Members Increasingly Satisfied
With questions focusing on price, reliability and customer service, J.D. Power surveyed more than 104,000 residential members about their experience with their local cooperatives. Compared to last year, overall satisfaction levels increased. Members of Southern Maryland Electric Cooperative and Sawnee EMC reported especially favorable levels of satisfaction. Please click here for...
Texas Coop to Refund Capital Credits
Posted on Jul 8, 2014 in Corporate Governance, Patronage Capital | Comments Off on Texas Coop to Refund Capital Credits
The Guadalupe Valley Electric Cooperative, which serves members in 13 Texas counties east of San Antonio and south of Austin, will return $3 million in capital credits to its members this month. Click here for more.
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.
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.
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...
New Mexico Coop Seeks Funding to Prevent Takeover, Will Pay Out Capital Credits
Posted on May 30, 2014 in Corporate Governance | Comments Off on New Mexico Coop Seeks Funding to Prevent Takeover, Will Pay Out Capital Credits
Socorro Electric Cooperative (Socorro Electric) is looking for approximately $250,000 from the National Rural Utilities Cooperative Finance Corporation’s Cooperative System Integrity Fund (Fund) to help the coop ward off a takeover by the city of Socorro, New Mexico. The Fund is intended to help rural coops whose service territories may be threatened. Additionally, Socorro Electric...
Election for CoServ Electric Coop Board Heats Up
Posted on May 6, 2014 in Corporate Governance | Comments Off on Election for CoServ Electric Coop Board Heats Up
The annual board of directors election for Texas utility CoServ Electric has been heating up. Certain residents have formed the West Frisco Homeowners Coalition and have recruited their own candidate in hopes of making a bigger impact on an upcoming decision of where to site new high-voltage transmission lines. Two routes initially proposed by Brazos Electric Power Cooperative both...
Bluebonnet Members to Receive Capital Credits
Posted on May 1, 2014 in Corporate Governance, Patronage Capital | Comments Off on Bluebonnet Members to Receive Capital Credits
Bluebonnet Electric Cooperative in Texas will return $3 million in patronage capital to its members using a member’s past electricity usage and length of membership to determine the amount returned in the form of capital credits. The San Marcos Daily Record has the full story.
Bluebonnet to Sell Water Subsidiary
Posted on Apr 22, 2014 in Corporate Governance, Grid & Infrastructure | Comments Off on Bluebonnet to Sell Water Subsidiary
Bluebonnet Electric Cooperative in Texas has announced that it is selling its water subsidiary, Bluebonnet Rural Water Corp., to Corix Utilities (Texas) Inc. Corix Utilities is a water utility operator that already has a significant presence in Central Texas. Click here for more information (subscription required).
Coop Pension Bill Now Law
Posted on Apr 10, 2014 in Corporate Governance, Legislative & Politics | Comments Off on Coop Pension Bill Now Law
President Obama recently signed into law the Cooperative and Small Employer Charity Pension Flexibility Act, which provides coops in the Retirement Security Plan greater stability and lower cost pressures related to the Pension Protection Act of 2006. To learn more about this development, click here.
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