Leaders of Electric Cooperatives Discuss Safety Measures Taken to Protect the Safety and Health of Their Employees During COVID-19
Posted on Jun 24, 2020 in COVID-19, Economic Downturn | Comments Off on Leaders of Electric Cooperatives Discuss Safety Measures Taken to Protect the Safety and Health of Their Employees During COVID-19
Senior electric coop leaders recently spoke with the National Rural Electric Cooperative Association (NRECA) and T&D World about safety measures being implemented to protect the safety and health of their employees during the COVID-19 pandemic. Although coops have moved swiftly to protect the safety and health of their employees and the public, some of the challenges moving forward...
South Carolina Electric Cooperatives See Delinquencies Rise
Posted on Jun 3, 2020 in COVID-19, Economic Downturn | Comments Off on South Carolina Electric Cooperatives See Delinquencies Rise
South Carolina’s electric cooperatives are reporting large spikes in the number of customers falling behind on their electric bills, signaling potential financial problems for households and businesses in the most rural parts of the state. The dramatic uptick in delinquencies is being driven by the coronavirus pandemic and the economic downturn caused by the public health...
State Cooperatives See Surging Delinquencies in Light of Coronavirus
Posted on May 18, 2020 in COVID-19, Economic Downturn | Comments Off on State Cooperatives See Surging Delinquencies in Light of Coronavirus
Electric cooperatives are facing a number of challenges due to the coronavirus, including a growing number of customers who are unable to pay their bills. In Oklahoma, cooperatives voluntarily agreed to implement a moratorium on non-payment disconnections, and have waived disconnection, reconnection and other service fees for...
Coops Stare Down Virus Costs
Posted on Apr 27, 2020 in COVID-19, Economic Downturn, Trends | Comments Off on Coops Stare Down Virus Costs
Electric cooperatives could lose up to $10 billion from the effects of the coronavirus according to the National Rural Electric Cooperative Association (NRECA). A drop in electricity sales, combined with potential revenue lost from unpaid bills, could cost cooperatives. The NRECA has asked Congress for...
Aid for Coops Included in Coronavirus Federal Relief Bill
Posted on Apr 3, 2020 in COVID-19, Economic Downturn, Financing, Legislative & Politics | Comments Off on Aid for Coops Included in Coronavirus Federal Relief Bill
The National Rural Electric Cooperative Association (NRECA) urged Congress to include aid for electric cooperatives and their consumer-members as part of the federal relief efforts aimed at helping the struggling economy during the COVID-19 pandemic. The $2 trillion federal coronavirus relief bill passed by Congress offers millions in aid to consumers struggling to pay their utility...
S&P Releases 2019 Outlook for Power Utilities and Electric Cooperatives
Posted on Jan 24, 2019 in Economic Downturn, Regulation & Policy, Technology | Comments Off on S&P Releases 2019 Outlook for Power Utilities and Electric Cooperatives
An S&P Global Ratings report forecasts that, despite significant technological, regulatory and economic uncertainties in 2019, power utilities and electric cooperatives are likely to maintain their financial strength, on the...
D.C. Circuit Hears Challenge to Clean Power Plan
Posted on Sep 28, 2016 in Climate Change, Corporate Governance, Derivative Suits, Economic Downturn, Energy Savings Programs, Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency, Land Use, Legislative & Politics, Litigation, Mergers/Acquisitions, Patronage Capital, Permitting, Project Development, Rates, Regulation & Policy, Reliability, Renewable Energy, Tax, Technology | Comments Off on D.C. Circuit Hears Challenge to Clean Power Plan
Ten D.C. Circuit judges heard argument regarding the EPA’s authority to enact the Clean Power Plan and the rule’s constitutionality. All active judges on the D.C. Circuit, with the exception of Merrick Garland, heard arguments from state government, power industry groups, the federal government and environmental...
Wabash Valley Power Association Purchases Participation Interest in Illinois Power Plant
Posted on May 20, 2016 in Economic Downturn, Mergers/Acquisitions | Comments Off on Wabash Valley Power Association Purchases Participation Interest in Illinois Power Plant
Wabash Valley Power Association purchased a 5 percent participation interest in a 1,600-MW coal-powered electric plant in the Prairie State Energy Campus for $57 million. The Campus, operational since 2012, is comprised of a power plant and an adjacent coal mine. The deal was completed a day after Peabody Energy received final approval on a financing package that puts it on a path...
Coal Prices and Production Down in 2015
Posted on Jan 13, 2016 in Economic Downturn, Grid & Infrastructure, Regulation & Policy | Comments Off on Coal Prices and Production Down in 2015
According to the Energy Information Administration, coal prices and production declined in 2015. The agency attributed this decline to low natural gas prices, lower demand and more environmental regulations.
Fitch Ratings Study Finds that Cooperatives Must Adapt to Maintain Stable Credit Quality
Posted on May 15, 2015 in Economic Downturn, Financing, Innovation/Efficiency, Rates, Renewable Energy, Technology | Comments Off on Fitch Ratings Study Finds that Cooperatives Must Adapt to Maintain Stable Credit Quality
A recent report by Fitch Ratings found that electrical cooperatives today face challenges created by changing technologies, slowing growth and changing consumer usage patterns. These challenges will require that cooperatives find ways to adapt if they want to maintain strong credit quality in the A to AA range. For example, one adaptation made by many cooperatives has been to decouple...
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