Majority of House Members Co-sponsor RURAL Act
Posted on Oct 17, 2019 in Legislative & Politics, Tax | Comments Off on Majority of House Members Co-sponsor RURAL Act
A majority of the members of the House of Representatives are co-sponsoring the RURAL Act, which is a bill addressing electric cooperatives’ tax-exempt status.
House Lawmakers Co-sponsor Bill to Solve Unintended Tax Consequence Problem
Posted on Oct 14, 2019 in Legislative & Politics, Tax | Comments Off on House Lawmakers Co-sponsor Bill to Solve Unintended Tax Consequence Problem
A bipartisan majority in the U.S. House of Representatives recently co-sponsored legislation to fix an unintended consequence for electric cooperatives from the 2017 federal tax law changes. Under the current federal tax laws that were adopted in 2017, coops that receive federal, state or local government grants are at risk of losing their tax-exempt status. The RURAL Act aims to...
Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Posted on Oct 7, 2019 in Legislative & Politics, Technology | Comments Off on Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Tim Johnson, CEO of Otsego Electric Cooperative, recently testified before a congressional committee with respect to coops’ tax-exempt status under the Tax Cuts and Jobs Act. Johnson advocated that Congress fix the federal tax code so that not-for-profit cooperatives would no longer lose their tax-exempt status by taking federal, state or local grants to bring broadband service to...
NRECA Voices Support for Repeal of Waters of the U.S. Rule
Posted on Sep 17, 2019 in Legislative & Politics | Comments Off on NRECA Voices Support for Repeal of Waters of the U.S. Rule
National Rural Electric Cooperative Association (NRECA) CEO Jim Matheson issued a statement regarding the repeal of the Waters of the U.S. rule. Matheson praised the repeal for creating clarity in a patchwork regulatory environment and for its benefits for electric cooperatives building and maintaining key...
NRECA Provides Insight on Progress of Coop Priorities in Congress
Posted on Aug 9, 2019 in Legislative & Politics, Regulation & Policy | Comments Off on NRECA Provides Insight on Progress of Coop Priorities in Congress
John Cassady, the National Rural Electric Cooperative Association’s (NRECA) Vice President of Legislative Affairs, provides an update on how key interests to electric coops have progressed in Congress thus far in 2019.
North Carolina Coop Leader Touts Microgrid Projects at Senate Hearing
Posted on Jul 29, 2019 in Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Technology | Comments Off on North Carolina Coop Leader Touts Microgrid Projects at Senate Hearing
Lee Ragsdale, Senior Vice President of Grid Infrastructure and Compliance at North Carolina’s Electric Cooperatives, recently spoke at a Senate hearing on energy innovation and economic growth regarding current initiatives to strengthen the energy grid. Specifically, Ragsdale spoke about using solar farms, demand-response programs, energy storage, and microgrids to strengthen the...
Defense Bill Could Benefit Electric Cooperatives
Posted on Jul 16, 2019 in Legislative & Politics | Comments Off on Defense Bill Could Benefit Electric Cooperatives
The House and Senate recently passed two different versions of a defense bill, both of which contain potential benefits for electric cooperatives. Specifically, the House passed a $733 billion defense bill that could allow electric cooperatives that serve military bases to benefit from new infrastructure grants. The Senate recently approved a different version of the legislation that...
Coop Leader Testifies Regarding Inaccurate FCC Broadband Data
Posted on Jul 9, 2019 in Legislative & Politics, Technology | Comments Off on Coop Leader Testifies Regarding Inaccurate FCC Broadband Data
Dan Stelpflug, Director of Operations, Engineering and Technology for Allamakee Clayton Electric Cooperative (Allamakee Clayton) in Postville, Iowa, recently testified to Congress regarding faulty Federal Communications Commission (FCC) broadband data provided in connection with a federal grant awarded to the coop. Specifically, the FCC awarded Allamakee Clayton a $1.4 million...
FCC Commits Nearly $37M in Funding for Broadband in Virginia
Posted on Jun 13, 2019 in Legislative & Politics, Regulation & Policy, Technology | Comments Off on FCC Commits Nearly $37M in Funding for Broadband in Virginia
Central Virginia Services, a subsidiary of Central Virginia Electric Cooperative, is one of the five companies to receive approximately $37 million in funding from the Federal Communications Commission (FCC) for broadband in...
NRECA Praises House Bill Lowering Coop Pension Premiums
Posted on May 29, 2019 in Legislative & Politics | Comments Off on NRECA Praises House Bill Lowering Coop Pension Premiums
The National Rural Electric Cooperative Association (NRECA) came out last week in support of the House of Representatives passing a bill to reduce premiums that coops pay to the Pension Benefit Guaranty Corporation for defined benefit pension plans. NRECA CEO Jim Matheson noted that the reduced premiums are in line with coops’ low-risk profile and will help coops continue to attract...
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