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Pricey Insurance Provision Repealed by House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...

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...

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...

Solar Surges in Rural Communities

Five years ago, many cooperatives viewed solar energy as an accessory rather than a real power supply option. However, in the last half-decade, as the costs to install solar have gone down and cooperatives have gained experience with this energy resource, solar power has become a mainstay energy...

Indiana Study: Rural Broadband Would Provide Billions in Economic Benefits

A Purdue University study, which examined the costs, benefits and investments of broadband deployment in seven cooperative territories, has found that broadband internet access in those rural areas could mean $12 billion in economic benefits for Indiana. According to Tom VanParis, CEO of Indiana Electric Cooperatives, the areas of Indiana that lack affordable and reliable high-speed...

VEC Gets $1,700,000 for Storm Damage Repair

Vermont Electric Cooperative, Inc. (VEC) is getting a grant from the Federal Emergency Management Agency (FEMA) to help repair 54 transformers and nearly 2,900 miles of transmission and line poles damaged by a severe storm and flooding in October of 2017. The money comes from FEMA’s Public Assistance program that reimburses communities and certain non-profit groups to help...

Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12

On August 20, 2018, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 that require additional disclosure related to the material financial obligations of municipal issuers and conduit borrowers. View the full legal...

Development of a Proposed 220 MW Wind Farm Continues to Advance

sPower is developing a $297 million wind farm in South Dakota. sPower would operate the wind farm and sell the power to North Dakota-based Basin Electric Power Cooperative.

Cooperative Enters Into Largest Solar PPA for an Electric Cooperative in Texas

Brazos Electric Power Cooperative, Inc., along with CoServ Electric, have entered into a multiyear PPA with 7X Energy, Inc. for the sale of solar energy from a 35 MW solar project in Andrews County, Texas.

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