Kansas Coop Considers Office Closings in Bid to Save $1 Million Annually
Posted on Jan 13, 2011 in Corporate Governance, Financing, Legislative & Politics | Comments Off on Kansas Coop Considers Office Closings in Bid to Save $1 Million Annually
Rolling Hills Electric Cooperative (Kansas) has proposed closing offices in three towns, and building a central office in another town, in order to save $1 million annually. The Salina Journal has the details.
NRECA Asks Obama Administration for More Clean Renewable Energy Bonds
Posted on Jan 12, 2011 in Climate Change, Financing, Legislative & Politics, Renewable Energy | Comments Off on NRECA Asks Obama Administration for More Clean Renewable Energy Bonds
Bond Buyer reports that NRECA, along with two other industry groups, is pushing the Obama administration for more clean renewable energy bonds (CREB) (subscription required). The current CREB program is out of funding.
Proposal to Convert Montana Utility Into a Cooperative
Posted on Jan 4, 2011 in Corporate Governance, Financing, Legislative & Politics | Comments Off on Proposal to Convert Montana Utility Into a Cooperative
The Great Falls Tribune reports on the proposal by Southern Montana Electric G&T to convert Electric City Power, Great Fall’s money-losing utility, into a customer-owned cooperative.
Berkshire Wind Power Cooperative Issues $65 Million in Bonds
Posted on Dec 23, 2010 in Financing, Project Development, Renewable Energy | Comments Off on Berkshire Wind Power Cooperative Issues $65 Million in Bonds
The Boston Globe has the latest details on the financing of the 10-turbine wind project in the Berkshires.
Maryland Commission OKs Rate Hike for Southern Maryland Electric Cooperative
Posted on Dec 22, 2010 in Financing, Rates, Regulation & Policy | Comments Off on Maryland Commission OKs Rate Hike for Southern Maryland Electric Cooperative
Southern Maryland Newspapers has details on a $19.4 million rate hike by Southern Maryland Electric Cooperative.
Connecticut Municipal Cooperative to Buy $42.3 Million in High Voltage Transmission Lines
Posted on Dec 20, 2010 in Financing, Grid & Infrastructure | Comments Off on Connecticut Municipal Cooperative to Buy $42.3 Million in High Voltage Transmission Lines
Connecticut Municipal Electric Energy Cooperative is slated to buy a 10-mile portion of Connecticut Light & Power Co.’s high-voltage transmission lines. The New Haven Register has the details.
Central Electric Power Cooperative’s Shift to Duke Energy Makes Santee Cooper Rethink Stake in Nuclear Reactors
Posted on Dec 20, 2010 in Financing, Project Development | Comments Off on Central Electric Power Cooperative’s Shift to Duke Energy Makes Santee Cooper Rethink Stake in Nuclear Reactors
In 2009, Santee Cooper’s biggest customer, Central Electric Power Cooperative, announced plans to shift 1,000 MW of its load to Duke Energy beginning in 2013. The Post & Courier reports that Santee Cooper is now seeking to cut the utility’s interest in two new nuclear reactors.
Calpine Sells 25 Percent Interest in Gas Plant to Rayburn Country Electric Cooperative
Posted on Dec 9, 2010 in Financing, Grid & Infrastructure, Project Development | Comments Off on Calpine Sells 25 Percent Interest in Gas Plant to Rayburn Country Electric Cooperative
Rayburn Country Electric Cooperative has purchased a 25 percent stake in the 1,038-MW Freestone Energy Center near Fairfield, Texas. The price is $215 million. Calpine will remain majority owner of the combined-cycle, natural gas-fired plant.
North Dakota G&T Coop to Receive Over $500 Million in RUS Loan Guarantees; Georgia’s Oglethorpe to Receive $373 Million
Posted on Dec 8, 2010 in Financing, Legislative & Politics, Project Development | Comments Off on North Dakota G&T Coop to Receive Over $500 Million in RUS Loan Guarantees; Georgia’s Oglethorpe to Receive $373 Million
Basin Electric Power Cooperative, a G&T based in North Dakota, will receive more than $500 million of the $2.9 billion in federal loan guarantees from Rural Utilities Service(RUS) (subscription required). Nearly $405 million is slotted for a 300-MW natural gas-fired power plant. The rest is slotted for two wind projects that will generate 120 MW. Oglethorpe Power Corporation,...
South Dakota Electric Cooperatives Receive Millions from FEMA for Underground Power Lines
Posted on Nov 30, 2010 in Financing, Grid & Infrastructure | Comments Off on South Dakota Electric Cooperatives Receive Millions from FEMA for Underground Power Lines
Last year, severe winter storms left thousands of South Dakotans without electricity. American News now reports that South Dakota cooperatives will receive more than $27.5 million from FEMA to install underground lines. These lines will replace overhead lines that were particularly vulnerable to winter storms.
Subscribe
