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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...

RUS Loan Repricing Bill Reintroduced

A bipartisan group of legislators reintroduced the Flexible Financing for Rural America Act this week. The law would permit electric coops to reprice loans from the U.S. Department of Agriculture’s Rural Utilities Service (RUS) at current rates without prepayment penalties, potentially resulting in savings of $10 billion for about 500 coops.

Brazos Electric Power Cooperative, Inc. Files for Bankruptcy

Brazos Electric Power Cooperative, Inc. (Brazos) recently filed bankruptcy in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator, Electric Reliability Council of Texas (ERCOT). Brazos is one of dozens of electricity providers in Texas facing enormous charges stemming from severe cold snap last month. Unusually frigid temperatures knocked out...

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