Lewis County Electric Coop Receives Funds to Upgrade Power Lines
Posted on Aug 23, 2018 in Financing | Comments Off on Lewis County Electric Coop Receives Funds to Upgrade Power Lines
The Lewis County Rural Electric Cooperative Association received $12.3 million for a 4-year project to upgrade some of its power lines. These funds are a loan and not a grant. The Missouri electric cooperative intends to pay back the loan through revenue generated from its...
USDA Announces New Loans for Electric Cooperatives
Posted on Aug 21, 2018 in Financing | Comments Off on USDA Announces New Loans for Electric Cooperatives
On August 6, 2018, the U.S. Department of Agriculture (USDA) announced that 19 electric cooperatives will receive a total of nearly $350 million in a new round of loans for infrastructure improvements, new power lines, and smart grid technologies. The loans are being made through the USDA’s Electric Infrastructure Loan and Loan Guarantee program which helps finance generation,...
Cooperative and Origis Unveil Mississippi Solar Project
Posted on Mar 9, 2018 in Environmental, Financing, Innovation/Efficiency, Project Development, Renewable Energy, Technology | Comments Off on Cooperative and Origis Unveil Mississippi Solar Project
Cooperative Energy and Origis Energy celebrated their new joint venture 52 MW solar project near Sumrall in Lamar County, Mississippi, signifying a major commitment to generating renewable energy. The project, MS Solar 3, is built on a 540-acre site, and includes 206,000 polycrystalline solar panels that gather sunlight and transform it to energy that will power up to 11,400...
New Hampshire Cooperative Seeking FEMA Reimbursement
Posted on Jan 5, 2018 in Financing, Grid & Infrastructure, Regulation & Policy | Comments Off on New Hampshire Cooperative Seeking FEMA Reimbursement
President Trump has granted a request for a major disaster declaration in Belknap County, New Hampshire and elsewhere for an October 29, 2017 – November 1, 2017 storm that brought flooding rains and damaging winds. The declaration will free up funding from the Federal Emergency Management Agency (FEMA) to government entities and some private nonprofits for up to 75 percent of the...
Anza Electric Receives California-Supported Loan for Electric Vehicle Charging Stations
Posted on Feb 17, 2017 in Environmental, Financing, Legislative & Politics | Comments Off on Anza Electric Receives California-Supported Loan for Electric Vehicle Charging Stations
Anza Electric Cooperative (Anza Electric) will be the first recipient of a state-sponsored loan for a charging station program started by the California State Treasurer and the California Energy Commission. The program’s goal is to help make electric charging stations more accessible to assist California in reducing carbon pollution to its mandated 40 percent goal by 2030. The...
NY Provides $3 million for Coop Electric Vehicle Purchases
Posted on Feb 14, 2017 in Environmental, Financing, Innovation/Efficiency, Legislative & Politics, Renewable Energy | Comments Off on NY Provides $3 million for Coop Electric Vehicle Purchases
Governor Andrew Cuomo has announced that New York will provide $3 million in funding to help rural electricity cooperatives purchase electric vehicles to replace less fuel-efficient vehicles. Cooperatives that currently receive hydropower from the New York Power Authority are eligible to participate in this new program, which provides zero interest financing recovered over three...
USDA Announces $3.6 Billion in Funding for 82 Electric Projects
Posted on Oct 27, 2016 in Climate Change, Energy Savings Programs, Environmental, Financing, Grid & Infrastructure, Legislative & Politics, Project Development, Regulation & Policy, Renewable Energy, Technology | Comments Off on USDA Announces $3.6 Billion in Funding for 82 Electric Projects
U.S. Secretary of Agriculture Tom Vilsack announced Wednesday that the USDA will provide $3.6 billion in loans to electric utilities in 31 states to fund 82 projects. The loans, which will be provided through the Electric Program and the Rural Utilities Service, include $216 million for smart grid technologies, $35 million for renewable energy, $26 million for environmental...
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...
Department of Energy to Award $34MM for Cybersecurity Projects
Posted on Aug 19, 2016 in Financing, Regulation & Policy, Technology | Comments Off on Department of Energy to Award $34MM for Cybersecurity Projects
The U.S. Department of Energy announced its plan to award $34 million for projects aimed at developing technologies and tools to increase cyberattack protection for the country’s energy infrastructure. The National Rural Electric Cooperative Association is receiving funding for a technology that can quickly identify anomalies in utility control communications that can indicate cyber...
USDA Offers Loan Guarantees for Coops
Posted on Aug 1, 2016 in Financing, Project Development, Renewable Energy | Comments Off on USDA Offers Loan Guarantees for Coops
The United States Department of Agriculture (USDA) will provide up to $250 million in loan guarantees for commercial-scale refineries and manufacturing facilities as long as they focus on biofuels and renewable chemicals. Applicants must provide at least 20 percent of the funding for eligible project costs and groups can form a consortium to apply for the money. Applications for an...
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