Wisconsin Regulators to Decide on Transmission Project
Posted on May 10, 2012 in Financing, Grid & Infrastructure, Project Development | Comments Off on Wisconsin Regulators to Decide on Transmission Project
At a meeting Thursday, the Public Service Commission of Wisconsin was expected to decide whether to approve a power line that would run between Alma and Holmen in western Wisconsin. Northern States Power Company, Dairyland Power Cooperative and WPPI Energy are all working on this $234 million project. Read more here.
Update on American Municipal Power Lawsuit
Posted on May 10, 2012 in Litigation, Project Development | Comments Off on Update on American Municipal Power Lawsuit
American Municipal Power, Inc., an Ohio coop, sued a company last year for breach of contract and two torts, seeking $97 million in damages per claim. The suit alleges that Bechtel Power Corp. lowballed its estimate of the construction costs for a coal-fired supercritical power plant in Ohio by more than $1 billion, and then unexpectedly raised its estimate by $1 billion, forcing the...
Rural Coops to Receive Millions in Loans to Improve Infrastructure and Install Smart Grid Technologies
Posted on May 7, 2012 in Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development | Comments Off on Rural Coops to Receive Millions in Loans to Improve Infrastructure and Install Smart Grid Technologies
Agriculture Secretary Tom Vilsack has announced that rural electric coops in 10 states will receive loans, worth $334 million total, to install smart grid technologies and make improvements to their facilities. The loans will be provided by the USDA Rural Development’s Rural Utilities Service. The new funding includes almost $20 million to install smart grid technologies. In...
SMECO Ready to Construct Transmission Project
Posted on May 4, 2012 in Grid & Infrastructure, Project Development | Comments Off on SMECO Ready to Construct Transmission Project
The Southern Maryland Electric Cooperative (SMECO) announced it anticipates breaking ground on a $100 million transmission project this May, which will feature upgraded line poles able to carry more power with a more aesthetically pleasing appearance. Developers expect a project in-service date of March 2015. Click here for the full story.
North Dakota Approves Minnkota Line Route
Posted on Apr 26, 2012 in Grid & Infrastructure, Project Development, Reliability | Comments Off on North Dakota Approves Minnkota Line Route
The North Dakota Public Service Commission approved a final route for the state’s largest transmission line project in decades. Minnkota Power Cooperative will construct the 250-mile line from Center, North Dakota, to Grand Forks. The project is estimated to cost approximately $312 million. Construction is expected to be completed by the end of 2013. Click here for the full...
Massachusetts Coop Awards Contract for Solar Projects
Posted on Apr 20, 2012 in Project Development, Renewable Energy | Comments Off on Massachusetts Coop Awards Contract for Solar Projects
Cape and Vineyard Electric Cooperative, a Massachusetts coop, awarded contracts to Broadway Electrical Company, Inc. for 44 solar projects totaling 50 MW. The projects, backed by Rockland Capital, will cost roughly $200 million to complete. A number of obstacles remain, and the interconnection of at least some of the projects will have to be approved by Boston utility NStar. The...
Investment Fund Provides New Financing for Coal Plant in Georgia
Posted on Apr 20, 2012 in Financing, Permitting, Project Development | Comments Off on Investment Fund Provides New Financing for Coal Plant in Georgia
Power4Georgians, a group of electric cooperatives, signed a letter of intent with Taylor Energy Fund LLC to provide financing for a 40% stake in Plant Washington, an 850-MW, coal-fired facility, after Cobb EMC withdrew from the project early this year. The financing comes at a key time in the project development process. Power4Georgians recently reached an agreement with...
Mississippi Coop Contemplates Nuclear Purchase
Posted on Apr 19, 2012 in Project Development, Renewable Energy | Comments Off on Mississippi Coop Contemplates Nuclear Purchase
The South Mississippi Electric Power Association may enter a power purchase agreement and opt for a minority ownership share in the 2,200-MW expansion of the Virgil C. Summer Nuclear Generating Station in South Carolina. Santee Cooper, South Carolina’s state-owned utility, wants to sell a portion of its interest in the project in response to forecasts of reduced capacity needs in the...
New Mexico Coop to Develop 1.5 MW Solar Field
Posted on Apr 17, 2012 in Climate Change, Energy Savings Programs, Environmental, Project Development | Comments Off on New Mexico Coop to Develop 1.5 MW Solar Field
Kit Carson Electric Cooperative recently broke ground on a project to build a 1.5-MW solar field, along with developer Standard Solar, in north-central New Mexico. The coop plans to buy solar output from the new facility under a 25-year agreement. When the solar field comes online, it is expected that every business and residence in that part of New Mexico will be entirely...
Idaho Battle Over RECs Heats Up
Posted on Apr 12, 2012 in Legislative & Politics, Project Development, Renewable Energy | Comments Off on Idaho Battle Over RECs Heats Up
The renewable energy credits (RECs) associated with renewable energy generation projects in Idaho are in high demand by the utilities that purchase power from the projects and the small power producers that generate it. Kootenai Electric Cooperative is one of many small generators trying to retain the marketable RECs, claiming the RECs are a separate product from the actual power...
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