Kentucky Coops Strike Deal to Keep Smelter in Western Kentucky
Posted on Aug 16, 2013 in Economic Downturn, Legislative & Politics, Rates, Regulation & Policy | Comments Off on Kentucky Coops Strike Deal to Keep Smelter in Western Kentucky
The Kentucky Public Service Commission (PSC) recently approved a power supply arrangement between Big Rivers Electric Corporation (Big Rivers), Kenergy Corp. (Kenergy) and Century Aluminum Company that allows the aluminum smelter to purchase power on the wholesale market through Big Rivers and Kenergy while reimbursing the coops for certain costs arising from the arrangement. For more...
Warning Issued for Virginia Utility Billing Scam
Posted on Jun 18, 2013 in Economic Downturn | Comments Off on Warning Issued for Virginia Utility Billing Scam
Virginia Attorney General Ken Cuccinelli has issued a warning about scam phone calls from people claiming to be employees of Dominion Virginia Power, Shenandoah Valley Electric Cooperative or Rappahannock Electric Cooperative, threatening to shut off electric service unless a delinquent bill is paid within a matter of hours. The scammers then instruct customers to buy a prepaid debit...
Members and Other Customers Intervene in Big Rivers’ Request for a Rate Increase
Posted on Feb 1, 2013 in Economic Downturn, Rates | Comments Off on Members and Other Customers Intervene in Big Rivers’ Request for a Rate Increase
To make up for the loss of its biggest customer, Century Aluminum in Hawesville, Kentucky, Big Rivers Electric Corporation has requested a rate increase in a filing with the Kentucky Public Service Commission. Some of the coop’s distribution members and industrial customers have filed as interveners seeking to have more input into the process. The Owensboro Messenger-Inquirer has the...
Hefty Rate Increase in Kentucky on the Horizon
Posted on Jan 17, 2013 in Economic Downturn, Rates | Comments Off on Hefty Rate Increase in Kentucky on the Horizon
Western Kentucky-based Big Rivers Electric Corporation has requested a wholesale rate hike from the Kentucky Public Service Commission. Under the proposal, residential customers would see up to a $24 per month increase on their power bills and large industrial consumers would face between a 15 and19 percent rate increase. The move comes in reaction to Big Rivers’ largest customer, an...
Power Wholesaler Predicts Slow Growth in Energy Demand
Posted on Nov 5, 2012 in Economic Downturn, Grid & Infrastructure, Land Use, Project Development | Comments Off on Power Wholesaler Predicts Slow Growth in Energy Demand
According to a planning outlook filed with state regulators last week, Great River Energy (GRE), a large power wholesaler to Minnesota coops, projects slow growth in electrical demand and no need to build new power plants for at least 15 years. The Maple Grove-based utility is the state’s second-largest electricity producer behind Xcel Energy. GRE supplies power to 28 retail...
CFC Annual Report Shows High Performance Among Coops
Posted on Sep 10, 2012 in Economic Downturn, Energy Savings Programs, Grid & Infrastructure | Comments Off on CFC Annual Report Shows High Performance Among Coops
Electric coops performed well against a backdrop of challenging economic times in 2011, according to the G&T Key Performance Indicators (KPI) report by the National Rural Utilities Cooperative Finance Corporation (CFC). Energy sales and peak growth slowed in 2011, while wholesale rates continued to increase. The report shows that, over the last five years, the median G&T...
Western Coop to Cut Costs Based on Consultants’ Report
Posted on Sep 7, 2012 in Corporate Governance, Economic Downturn | Comments Off on Western Coop to Cut Costs Based on Consultants’ Report
The board of financially distressed Jemez Mountains Electric Cooperative has voted to enact several measures identified in an operational assessment prepared by Henry Cano of the National Rural Electric Cooperative Association and two other consultants with solid coop experience. While the details of the plan have not yet been made public, the plan purportedly involves some layoffs, a...
Coops among Recipients of Rural Economic Development Grants and Loans
Posted on Aug 23, 2012 in Economic Downturn, Financing, Project Development, Regulation & Policy | Comments Off on Coops among Recipients of Rural Economic Development Grants and Loans
The United States Department of Agriculture recently announced the list of recipients of grants and zero-interest loans issued through the Rural Economic Development Loan and Grant program (REDLG), and several electric coops were among the recipients. The REDLG program aims to promote economic development in rural areas. Click here for more.
New Mexico Coop Likely to Raise Rates in Response to Financial Strains
Posted on Aug 10, 2012 in Corporate Governance, Economic Downturn, Land Use, Rates | Comments Off on New Mexico Coop Likely to Raise Rates in Response to Financial Strains
Jemez Mountains Electric Cooperative may have to raise rates to cover deals it made years ago with local tribes for right-of-way easements for transmission lines that cross the property of eight pueblos and two tribes. The coop is facing another financial strain – it has only a month’s worth of cash left in the bank and is in default on $29 million owed to two lenders. The New...
Approved Rate Increase for Kentucky Coop Less Than Expected
Posted on Apr 12, 2012 in Economic Downturn, Patronage Capital, Rates | Comments Off on Approved Rate Increase for Kentucky Coop Less Than Expected
The Kentucky Public Service Commission (PSC) approved a $3.7 million rate increase for South Kentucky Rural Electric Cooperative Corporation (Kentucky RECC), less than half the amount originally applied for by the coop. Residential and small commercial customers will see an increase in monthly charges, but usage charges will remain the same. Citing current economic strains on...
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