GTC Extends $275 Million Syndication with CFC
Posted on Dec 17, 2013 in Financing, Grid & Infrastructure | Comments Off on GTC Extends $275 Million Syndication with CFC
Georgia Transmission Corporation (GTC), based in Tucker, Georgia, obtained an “amend and extend” transaction that extended the maturity date of a $275 million, five-year syndicated revolving credit facility with the National Rural Utilities Cooperative Finance Corporation (CFC) by two years. The facility was originally arranged in November 2011. GTC uses the facility primarily to...
USDA to Provide More than $1.8 Billion in Funding
Posted on Dec 16, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Project Development, Regulation & Policy, Reliability, Renewable Energy, Technology | Comments Off on USDA to Provide More than $1.8 Billion in Funding
Agriculture Secretary Tom Vilsack announced on Friday that the United States Department of Agriculture (USDA) will provide over $1.8 billion to fund electric utility infrastructure improvements in 25 states and one territory. The USDA-funded improvements include smart grid and renewable energy projects and the building or improvement of more than 6,500 miles of transmission lines. ...
Columbia River Treaty Needs an Update
Posted on Dec 12, 2013 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy, Renewable Energy | Comments Off on Columbia River Treaty Needs an Update
Based in Eugene, Oregon, Lane Electric Cooperative is among the Northwest utilities pushing for an update to the 1964 Columbia River Treaty, which governs operations along the Columbia River between the U.S. and Canada. Due to changes in how the river operates, the pact that once provided an even split between the two countries now provides more of a 90-10 split in favor of our...
Ice Causes Mayhem in Many States
Posted on Dec 10, 2013 in Grid & Infrastructure, Reliability | Comments Off on Ice Causes Mayhem in Many States
Last week’s winter storm and resulting ice and snow caused mayhem for many electric coops around the country. During the worst of the storm, nearly 30,000 coop customers in the Midwest were out of power, and eight Virginia coops reported about 43,000 meters of power lines out of commission. To prepare for more hard winter weather, statewide associations have requested mutual aid...
Arkansas Grid Vandal Indicted
Posted on Dec 10, 2013 in Grid & Infrastructure, Litigation, Reliability | Comments Off on Arkansas Grid Vandal Indicted
An Arkansas man accused of damaging electric coop facilities has been issued an eight-count indictment on charges relating to sabotage of high-voltage power lines and power stations earlier this year in several cities. Among them: a terrorist attack against a railroad carrier and destruction of energy facilities, including a 115,000-volt transmission line owned by First Electric...
Texas Coop Seeks to Supply Electricity to New Jail
Posted on Nov 27, 2013 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy | Comments Off on Texas Coop Seeks to Supply Electricity to New Jail
Central Texas Electric Co-operative (CTEC) has presented a proposal to the Gillespie County Commissioners outlining the cooperative’s plan for providing power to the new two-story jail under construction in Gillespie County. The cooperative’s chief executive officer cited the 200-foot rule, which allows an entity to choose between the utility designated in that area or another service...
Wisconsin Coop Secures Additional CFC Financing
Posted on Nov 25, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Reliability, Technology | Comments Off on Wisconsin Coop Secures Additional CFC Financing
Washington Island Electric Cooperative (WIEC), based in Washington Island, Wisconsin, has recently refinanced its debt with another lender to become a 100-percent National Rural Utilities Cooperative Finance Corporation (CFC) borrower. WIEC, which serves 1,080 members on an island in Lake Michigan accessible only by ferry, has plans for some improvement projects, including the...
SMECO Drills to Install Underground Cables
Posted on Nov 25, 2013 in Grid & Infrastructure, Innovation/Efficiency, Project Development, Reliability | Comments Off on SMECO Drills to Install Underground Cables
Southern Maryland Electric Cooperative (SMECO), based in Hughesville, Maryland, is carrying out its plans to run lines for a new 230-kilovolt system under the Patuxent River. SMECO’s project manager, Black & Veatch, is currently drilling tunnels, through which the lines will run, 50 feet below the river’s bottom. SMECO undertook the project to provide increased reliability for...
Coops Respond to Outages from Midwest Tornadoes
Posted on Nov 20, 2013 in Grid & Infrastructure, Innovation/Efficiency, Reliability | Comments Off on Coops Respond to Outages from Midwest Tornadoes
Dozens of electric cooperatives have called line workers and other personnel to respond to outages caused by last weekend’s storms in the Midwest. The massive storm system, which spawned more than 80 tornadoes, caused power outages affecting tens of thousands of electric cooperative customers. Cooperative crews have been working around the clock to replace broken poles and restring...
Oklahoma Coop Purchases Wind Power
Posted on Nov 15, 2013 in Climate Change, Environmental, Grid & Infrastructure, Renewable Energy | Comments Off on Oklahoma Coop Purchases Wind Power
Apex Clean Energy, a privately held renewable power developer, has agreed to sell 100 megawatts of wind power from its Balko wind farm in Oklahoma to Western Farmers Electric Cooperative. With this agreement Apex has sold all of the wind power capacity from the 300-MW Balko wind farm, which is expected to enter service in 2015. The Balko facility is located in Beaver County and will...
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