Eversheds Sutherland Coop Law Blog
content top

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...

Swan’s Island Makes another Attempt to Merge with Emera Maine

After Maine regulators denied Swan’s Island Electric Coop (Swan’s Island) to merge with Emera Maine (Emera) because the merger would have put a disproportionate burden on Emera’s mainland customers, Swan’s Island has submitted a new merger proposal putting more of the financial burden of the merger on the island utility customers.  Regulators are schedule to review the revised plan on...

Arizona Electric joins with ATC Development to Provide Transmission Services

Arizona Electric Power Cooperative (Arizona Electric) has entered into a joint operating agreement with ATC Development Company (ATC Development), a Wisconsin-based utility, to develop transmission projects in the southwestern United States under a new transmission company “ATC Southwest.”  ATC Development’s expertise in transmission development combined with Arizona Electric’s...

AECC Acquires 173 MW of New Wind Capacity

Arkansas Electric Cooperative Corporation (AECC) recently acquired access to 173 MW of new wind capacity from wind farms located in Oklahoma. The farms are owned and operated by Enel Green Power North America, Inc. and began commercial operations this month. The anticipated energy output for these farms is about 720 million kWh per year, which is enough to provide energy to more than...

« Older Entries