Eversheds Sutherland Coop Law Blog
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NRECA Reacts to Biden Infrastructure Plan

In a statement released Wednesday, the National Rural Electric Cooperative Association (NRECA) announced it was encouraged to see electric coop priorities reflected in President Biden’s infrastructure proposal. Select provisions that will benefit coops and their customer-members are $100 billion to update the nation’s energy grid and expand existing transmission infrastructure, and $15...

J. Andrew Don Selected as CEO of CFC

Effective May 3, 2021, J. Andrew Don will serve as Chief Executive Officer of the National Rural Utilities Cooperative Finance Corporation (CFC). Don currently serves as CFC’s Chief Financial Officer.

Southwest Power Pool Starts Energy Balancing Market in West

Southwest Power Pool announced on Monday, February 1, that at midnight it launched its Western Energy Imbalance Service (WEIS) market. Several regional utilities are participating in this WEIS market, including Basin Electric Power Cooperative, Deseret Power Electric Cooperative and Tri-State Generation and Transmission Association.

Year-End Spending Package Excludes Key COVID Relief Provision

The National Rural Electric Cooperative Association expressed dismay at Congress failing to include a waiver of the pre-payment penalty for coops refinancing RUS debt in its year-end spending package. Despite this, the spending package does contain several key energy provision supported by electric coops.

Arizona Coop Considers Sale of Natural Gas Division

Graham County Electric Coop will move forward with the potential sale of its natural gas division upon the affirmative two-thirds vote of its members on October 17th. The division has not made any money since 1989, is projected to lose $291,000 this year, and is $2.625 million in debt. Southwest Gas has expressed an interest in purchasing the division.

IRS Issues Guidance on Section 45Q, Carbon Capture and Sequestration Credits

On February 19, 2020, the Internal Revenue Service (IRS) issued two pieces of long-anticipated guidance on Section 45Q, Carbon Capture and Sequestration credits.  In this Bottom Line videocast, Susan Lafferty and Amish Shah discuss: • Section 45Q Carbon Capture and Sequestration credit • Beginning of Construction Guidance—Notice 2020-12 • Partnership Allocation Guidance—Revenue...

Pricey Insurance Provision Repealed by House

The House of Representatives voted on Wednesday in a bipartisan effort to repeal the “Cadillac Tax” provision of the Affordable Care Act. The provision, which taxed some employer-sponsored health care plans with a 40% surcharge, was panned by the National Rural Electric Cooperative Association for unfairly affecting coops due to higher rural health care costs.

Cooperative to Provide Transmission Services for LNG Project

South Texas Electrical Cooperative (STEC) has signed a facilities agreement with Annova LNG for 405 MW, representing the total electric transmission needs for a 6.0 MTPA LNG export project. Magic Valley Electric Cooperative, a member of STEC, will be the sole provider of electric energy to power the facility.

Arkansas Cooperatives Developing Broadband

Six electric cooperatives in Arkansas are bringing high-speed broadband internet access to thousands of their members and plan to offer it to all of their members within the next four to six years.

NRECA Study: Rural Communities Losing Billions Due to Digital Divide

According to new research by the National Rural Electric Cooperative Association (“NRECA”), the lack of broadband access for 6.3 million electric cooperative households results in more than $68 billion in lost economic value. The study, which analyzed the value that households place on broadband access, found that some America households with broadband access receive, on average, a...

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