Eversheds Sutherland Coop Law Blog
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White House Outlines Support at National Rural Electric Cooperatives Association Conference

President Biden spoke on Wednesday at the National Rural Electric Cooperatives Association conference in Nashville. The president announced that the Department of Agriculture will begin accepting applications for funding provided for in the Inflation Reduction Act which earmarked $9.7 billion for cooperatives.

NRECA International Helps Bangladesh Modernize a Utility

NRECA International completed at the end of 2022 a 20-month long $2 million efficiency improvement with Bangladeshi utility, the Northern Electric Supply Corp. in Rajshahi. The effort was funded by the Asian Development Bank and will reduce outages for the 1.7 million consumers served by Northern Electric.

Moon Lake Donates Transformers to Navajo Utility

Moon Lake Electric Association sent 20 10-kilovolt single phase transformers to the Navajo Tribal Utility Authority Montezuma Creek sub-office. The transformers will help power the Light Up Navajo initiative which aims to bring power to the 14,000 people in the Navajo nation.

Nolin Rural Electric Cooperative Settles With Kentucky Utilities Over Right to Serve Ford Plant

Nolin Rural Electric Cooperative (Nolan) settled its dispute with Kentucky Utilities over the right to serve a $5.8 billion plant owned by Ford Motor Company and SK Innovations. The plant represents the largest private investment into the state and could become one of Kentucky’s largest electric loads. The settlement permits Kentucky Utilities to serve the plant in exchange for Nolin’s...

Iowa Cooperative Awards Zero-Interest Loan to Assisted Living Facility

T.I.P. Rural Electric Cooperative of Brooklyn, Iowa was granted $300,000 by the USDA Rural Economic Development Loan and Grant Program to make a zero-interest loan to the Mayflower Community, an Iowa assisted living community, to fund construction of a new dining facility. T.I.P. Rural Electric Cooperative’s Board of Directors added $60,000 in matching funds to fund the $360,000...

Ten States to Receive $14 Million from USDA

The United States Department of Agriculture (USDA) announced it would invest $14 million in rural economic development in Illinois, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina and Tennessee through the Rural Economic Development Loan and Grant Program, which provides zero-interest loans and grants to utilities. In Missouri, White River Valley Electric...

Missouri Rural Electric Coops to Receive $5.5 Million in Economic Development Support

The Trump Administration and Department of Agriculture Rural Development State Director for Missouri announced that eight rural electric cooperatives in Missouri will receive $5.5 million to create jobs and increase economic opportunities throughout the state. The funding will support infrastructure improvements, business development, housing and high-speed internet access in rural...