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Gas South Plans to Acquire Infinite Energy

Gas South, a Cobb County, Georgia-based natural gas marketer and a subsidiary of electric cooperative Cobb EMC, is planning to acquire Infinite Energy, based in Gainesville, Florida. The headquarters for Gas South will remain in Cobb County, where the business employs about 240 people, but the company said it would retain a presence in Gainesville, Florida, where most of...

Entities Consider Purchase of Coal Creek Plant, with Sustainable Enhancements

At least two entities are considering purchasing Great River Energy’s 1,147-MW Coal Creek plant, which was slated for retirement in the second half of 2022. The purchasers are considering operating the plant with enhancements such as carbon capture and storage technologies and building energy storage and wind generation in the area.

Members Reject Proposed Merger of Kansas Electric Cooperatives

A proposed merger of two northeast Kansas electric cooperatives was recently rejected by coop members. The Boards of Trustees for Nemaha-Marshall Electric Cooperative Association in Axtell, Kansas and Doniphan Electric Cooperative Association in Troy, Kansas had unanimously approved taking the proposed consolidation to their members. Kansas law requires that each cooperative receive at...

Pee Dee Electric and Marlboro Electric Announce Strategic Partnership

Pee Dee Electric Cooperative and Marlboro Electric Cooperative, neighboring cooperatives in South Carolina, have announced that they will enter into a management agreement, effective September 18, 2020.

Kansas Coop Consolidation Receives Board Approvals

The Boards of Trustees for Nemaha-Marshall Electric Cooperative Assn., Inc. in Axtell, Kansas and Doniphan Electric Cooperative Assn., Inc. in Troy, Kansas have approved a joint member vote on a consolidation of the two electric cooperatives to be held in October 2020. Under the proposed consolidation plan, a new legal entity, Northeast Kansas Electric Cooperative, Inc., will be...

Electric Coop to Purchase Municipal Utility

The Tennessee Valley Authority recently approved Middle Tennessee Electric Membership Cooperative’s takeover of Murfreesboro’s Electric Department (MED). The merger, which is expected to become effective in July 2020, is one of the largest acquisitions ever by a power cooperative of a municipally-owned utility – $302 million over the next 15 years to acquire MED and its 67,000...

NextEra Energy to Acquire Assets From Southern Company

NextEra Energy, Inc. announced on May 21, 2018 that it has entered into definitive agreements with Southern Company to acquire Gulf Power, Florida City Gas and its ownership interests in the Oleander and Stanton natural-gas generating plants located in Florida. It is worth noting that NextEra will acquire 100% ownership of Plant Oleander, a natural-gas fueled, simple-cycle combustion...

Cleco to Acquire NRG’s Power Plants Serving 9 Louisiana Coops

Cleco, an energy service company that operates Cleco Power, a Louisiana electric utility, plans to purchase five of NRG’s power generation plants for $1 billion before the end of 2018. These five power generation plants serve nine electric cooperatives throughout Louisiana and provide more than 3,500 megawatts of power. This proposed acquisition is subject to approval from federal and...

GridLiance Completes Purchase of Valley Electric Association’s High Voltage Transmission System

GridLiance Holdco, L.P. (GridLiance) has completed an acquisition of Valley Electric Association, Inc.’s (VEA) 230kV transmission system and entered into an ongoing partnership with VEA for the operation and maintenance of the transmission system. The acquisition consists of approximately 160 miles of transmission lines and related substation equipment.

Maine’s Swan’s Island Electric Cooperative to Dissolve

Swan’s Island Electric Cooperative members voted 265-29 in favor of dissolving one of the country’s smallest electric cooperatives.  The vote to sell their local utility to Emera Maine could close as early as March 31, 2017 and will effectively save the members $20 per month on their electricity bills but will sacrifice four full-time jobs and eight part-time jobs in a community...

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