Vermont Coop-Nuclear Deal Not a Guarantee
Posted on Apr 1, 2011 in Legislative & Politics, Project Development | Comments Off on Vermont Coop-Nuclear Deal Not a Guarantee
The proposed power purchase agreement between Entergy Corp. and Vermont Electric Cooperative Inc. as posted Thursday on the Coop Law Blog is not a done deal. The cooperative’s board must first approve the 20-year contract, which provides an initial rate of 4.9 cents per kilowatt-hour and board members are worried about the reliability of the Vernon nuclear power plant. The board...
Coop-Nuclear Deal May Not Save Vermont Plant
Posted on Mar 31, 2011 in Legislative & Politics, Project Development | Comments Off on Coop-Nuclear Deal May Not Save Vermont Plant
Entergy Corp. has reached a potential deal with Vermont Electric Cooperative Inc., Vermont’s third-largest electric company, to purchase power from the Vermont Yankee nuclear plant under a 20-year contract. The move came after Entergy was unable to sell the plant or reach similar purchase agreements with the state’s largest utilities. The terms of the Vermont Electric deal...
Cooperatives Consider Investment In Planned MidAmerican Nuclear Facility
Posted on Mar 29, 2011 in Financing, Legislative & Politics, Project Development | Comments Off on Cooperatives Consider Investment In Planned MidAmerican Nuclear Facility
Municipal utilities and electric cooperatives in Iowa are showing support for the passage of a state legislative bill that would help finance nuclear development. MidAmerican, one of the largest privately-owned utilities in the state, plans to build a new nuclear facility in the wake of increased federal oversight and resulting costs associated with coal-fired plants. Several...
Power Plant Bill Passes Arkansas Legislature, On to Governor
Posted on Mar 29, 2011 in Legislative & Politics, Litigation | Comments Off on Power Plant Bill Passes Arkansas Legislature, On to Governor
As reported in the Arkansas News, House Bill 1895 passed in the Arkansas Senate Monday on a 26-7 vote after passing in the House last week with a definitive 91-0 vote. The bill now goes to the governor and if approved will allow the state Public Service Commission to review in separate proceedings a public utility’s request for additional energy supply and proposal for a new...
NRECA Among Several Cooperative Entities to Participate In House Briefing
Posted on Mar 28, 2011 in Legislative & Politics, Regulation & Policy | Comments Off on NRECA Among Several Cooperative Entities to Participate In House Briefing
The National Rural Electric Cooperative Association (NRECA), National Cooperative Business Association and other cooperative bodies will participate in a House briefing on “The Role of Cooperatives in Rural and Urban Communities” on March 29, 2011. The Washington, D.C., event provides a forum for participants to raise and discuss the unique challenges facing cooperatives...
HB 1895 Clears Senate Insurance and Commerce Committee
Posted on Mar 25, 2011 in Legislative & Politics | Comments Off on HB 1895 Clears Senate Insurance and Commerce Committee
House Bill 1895 cleared the Arkansas Senate Insurance and Commerce Committee today. The bill, which had passed the House on March 11, 2011, would change existing utility law and affect issues currently under litigation. The Sierra Club has issued a press release in opposition of the bill, which it argues infringes on the rights of landowners to fully participate in having a say on...
Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
Posted on Mar 21, 2011 in Corporate Governance, Derivative Suits, Legislative & Politics | Comments Off on Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
A group of Cobb EMC members called Take Back Cobb EMC seek to conduct a special meeting and board election in response to the present board’s decision to re-hire former CEO Dwight Brown as an independent consultant to Cobb EMC. Brown was recently indicted on multiple counts of theft and racketeering. Members kicked-off a petition drive over the weekend to collect signatures from...
Maryland Governor’s Proposal to Subsidize Development of Wind Farms Hampered by Costs
Posted on Mar 18, 2011 in Environmental, Innovation/Efficiency, Legislative & Politics | Comments Off on Maryland Governor’s Proposal to Subsidize Development of Wind Farms Hampered by Costs
The Maryland Public Service Commission told the Senate Finance Committee on Tuesday that subsidizing a 500-watt wind farm would add between 92 cents to $3 per month to residential electric bills. The commission’s latest cost prediction was far lower than earlier this month, when the prediction was that household electric bills could increase as much as $8.70 per month. Members of both...
Arkansas Bill Utility Bills Passes Through House
Posted on Mar 18, 2011 in Legislative & Politics | Comments Off on Arkansas Bill Utility Bills Passes Through House
House Bill 1895 won passage in the Arkansas House of Representatives on Friday in a near unanimous vote. The bill allows the public service commission to hear key aspects of electrical utility projects in separate dockets before the Commission and changes the law on the ability of utilities to declare a particular project exempt from certain regulatory hearing proceedings if the...
Arkansas Bill Regarding Turk Plant Moving Forward
Posted on Mar 11, 2011 in Legislative & Politics | Comments Off on Arkansas Bill Regarding Turk Plant Moving Forward
Arkansas House Bill 1895 (related to the John W. Turk Jr. Plant being constructed by Southwestern Electric Power Co. and Arkansas Electric Cooperatives Corp.) has been approved by a House committee. The Arkansas Public Service Commission approved construction of the plant in 2007. However, the Arkansas Supreme Court overturned the commission’s approval, holding that such approval...
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