Eversheds Sutherland Coop Law Blog
content top

Eversheds Sutherland Advises Rayburn Financing of Sherman Gas Plant Acquisition

Eversheds Sutherland acted as legal advisor to Rayburn Electric Cooperative in financing its purchase of the Panda Sherman Power plant, a 758 megawatt natural gas-fueled power plant capable of supplying power to 750,000 homes, through concurrent closings of a private placement transaction with various investors, and a bridge loan from CoBank, ACB.

Oregon Electric Cooperative Receives Funding for Wildfire Protection

The Douglas Electric Cooperative has been awarded over $9,000,000 in funding to help strengthen its fuel treatments, increase forest health, and minimize the risk of wildfires.

Electric Cooperative Looks to Grants to Help Expand Internet Coverage to Rural Areas

Cullman Electric Cooperative, which has already invested $25 million to provide fiber optic internet coverage to 15,000 unserved customers, has begun applying for state grants to help achieve its goal of reaching all 35,000 members.

Kentucky Cooperative Receives Grants to Bring Internet to Unserved Households

Pennyrile Rural Electric Cooperative has received $13,827,320 in grants from Kentucky’s Better Internet program to assist in expanding access to high-speed internet to 5,598 unserved households and businesses.

North Dakota Approves Loan for Minnkota Power Cooperative’s Project Tundra

On Monday, May 23, the North Dakota Industrial Commission approved loans and grants worth more than $115 million for three projects aiming to use emerging technologies to store carbon dioxide underground. Among such loans and grants is a $100 million low-interest loan for Project Tundra, Minnkota Power Cooperative’s carbon capture project.

Rayburn Country Electric Cooperative Is First Texas Utility to Securitize ERCOT Bill From Winter Storm Uri

Rayburn Country Electric Cooperative, Inc. is the first Texas utility to securitize its debt from the Electric Reliability Council of Texas (ERCOT) stemming for 2021 Winter Storm Uri. This option prevents Rayburn from facing potential bankruptcy and preserving its right to sue ERCOT for the extraordinary energy prices last February in the midst of devastating cold temperatures that...

NRECA, Coops Apply for Federal Electric Vehicle Grants

The National Rural Electric Cooperative Association (NRECA) has joined with 17 of its member electric cooperatives to apply for $8 million in federal grants to bring electric vehicles to low-income rural communities.

CFC’s Trend Analysis Demonstrate Cooperatives’ Financial Strength

The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2020 Key Ratio Trend Analysis report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show the majority of electric cooperatives have maintained strong financial metrics and have successfully managed through last year’s...

Electric Coop Leaders Convene Virtual Fly-ins

More than 1,500 electric cooperative CEOs and other coop representatives will take coop priorities to Capitol Hill April 19-23 for the National Rural Electric Cooperative Association’s (NRECA) Legislative Conference and congressional visits. The conference and meetings with lawmakers will be conducted virtually. Coop leaders will highlight three priorities during the congressional...

Colorado Coop’s Empower Program Helps Make Energy Efficiency Affordable

An electric cooperative in Colorado is bundling its energy-efficiency programs and many of its consumer services under a single brand and making them available to those working or living near its service territory. Specifically, San Isabel Electric Association’s Empower Program aims to identify qualified contractors and suppliers of proven products and helps find ways to finance...

« Older Entries