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House Bill Would Give Coops Tax Credits to Help Pay Retirement Costs

NRECA is supporting a bipartisan House bill that would give electric cooperatives a temporary tax credit to help keep their retirement plans funded during the COVID-19 pandemic. The Preserving Employee Retirement Savings Act would provide a two-year tax credit for up to 20% of the retirement costs paid by coops and other small businesses experiencing hardships because of the pandemic....

Kansas Cooperatives Helped by PPP

Six Kansas electric cooperatives recently applied for and received up to $20 million in loans as part of the federal Paycheck Protection Program (PPP), a $2 trillion economic stimulus package passed by Congress in late March to help small businesses keep their workforces employed during the coronavirus pandemic.

Oregon Trail Electric Coop Launches 360-Degree Virtual Tours

With a lack of tourism hurting local businesses, Oregon Trail Electric Cooperative has launched a series of 360-degree video and virtual reality experiences to attract post-pandemic business investment, new residents, and tourists to eastern Oregon. The immersive experiences, which have been shown to cause the same brain activity in the viewer as if he or she were really in a new...

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

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

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 now.

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 relief.

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

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 whole.

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 groups.

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