Eversheds Sutherland Coop Law Blog
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Arkansas Supreme Court Dismissed Capital Credit Suit for Lack of Jurisdiction

The court ruled that the Public Service Commissions has exclusive jurisdiction over coops’ capital credit practices. This ruling benefits cooperatives because it is usually harder for plaintiffs’ lawyers to recover large fees before a state’s utility commission. See Electric Co-op Today for more on this story.

Lawsuit Filed Against Coop Based On Its Treatment of Capital Credits

According to the Fay Observer, a class action lawsuit has been filed against North Carolina’s South River Electric Membership Corporation relating to the coop’s treatment of credits owed to deceased customers.  The claim involves the coop’s practice of reducing the amount of these credits based on the time value of money.

Georgia Supreme Court to Hear Cobb EMC Appeal

The Marietta Daily Journal has an article on Cobb EMC’s appeal to the Georgia Supreme Court regarding Cobb EMC’s proxy-voting amendment to its bylaws, and whether that amendment violated the December 2008 settlement agreement.  The Georgia Court of Appeals had ruled that the amendment violated Cobb EMC’s settlement with disgruntled coop members.

The Weekly Observer Has Details on Santee Electric Lawsuit

The Weekly Observer (South Carolina) has a report on the origins of the lawsuit against Santee Electric Cooperative, including the role of an IRS form made available on the internet.  The lawsuit against Santee by its members involves allegations of corporate mismanagement and a failure to return capital credits.

Socorro Electric Cooperative Members Attempt to Recall Board

A New Mexico newspaper has a report on efforts by Socorro Electric Cooperative’s members to recall the board of trustees.  Socorro is currently in litigation over its corporate transparency and treatment of patronage capital.

Update on Coop Members’ Lawsuit Against Santee Electric Cooperative

The Weekly Observer (South Carolina) provides an update on the lawsuit brought by coop members against Santee Electric Cooperative.  The article looks at coop members’ reaction to Santee’s recent audit report, which includes recommendations on board election bylaws and procedures.  The lawsuit against Santee involves allegations of corporate mismanagement, as well as a...

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