Lawsuit Filed Against Coop Based On Its Treatment of Capital Credits
Posted on Feb 11, 2011
According to the Fay Observer, a class action lawsuit has been filed against North Carolina’s South River Electric Membership Corporation relating to the coop’s treatment of credits owed to deceased customers. The claim involves the coop’s practice of reducing the amount of these credits based on the time value of money.
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Controversy Over Plans to Build Wind Turbines in Massachusetts
Posted on Feb 10, 2011
The Cape and Vineyard Electric Cooperative plans to install two turbines in Brewster, but many residents object based on their concerns related to noise and property values. According to coop sources, only one person lives within 1,800 feet of the project site. For more on this story, see the Cape Cod Times article.
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Coos-Curry Electric Cooperative Completes Transmission Project 20 Years in the Making
Posted on Feb 8, 2011
The Oregon cooperative completed its three-phase, 52-mile project, and it expects that the project will greatly improve the reliability of its system. The project was completed for $8 million, which is $4 million below budget. Electric Co-op Today has the full story.
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General Manager of Pedernales Electric Cooperative Sentenced to 300 Days in Jail, Probation, Community Service, and Restitution
Posted on Feb 7, 2011
The Statesman reports that Bennie Fuelberg’s sentence includes, among other things, restitution payments of $126,000. This amount is far less than the $8.8 million that Pedernales sought to recover. The court ordered that the money is to be paid to Pedernales’ insurance company and former law firm rather than to the cooperative itself.
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Iowa Nuclear Plant That Provides Power for Cooperatives Has License Extended for 20 More Years
Posted on Feb 4, 2011
The nuclear plant provided 34 percent of Central Iowa Electric Cooperative’s baseload power in 2009, and now it can continue to do so through 2034. The application for the extension was over 2000 pages and contained information on the inspections, testing, and retrofitting that will become necessary as the plant ages. Full story reported by Electric Co-op Today.
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Basin Electric Power Cooperative’s 162 MW Wind Farm is the Largest in South Dakota
Posted on Feb 2, 2011
The Daily Republic reports that once all 100 turbines are operational, Basin Electric will exceed its goal of generating at least 10 percent of its power from renewable sources. Construction of the $363 million dollar PraireWinds SD 1 project began last year and all turbines should be online by the middle of February.
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Community Voices Support Northern Virginia Electric Cooperative’s Plan to Build a 50 MW Biomass Facility
Posted on Feb 1, 2011
Officials and residents of South Boston, Virginia, see the proposed biomass facility as a natural fit given the plentiful supply of wood waste in the area and as a source of local jobs. See the Richmond Times-Dispatch for more.
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E2America Unveils its Smart Grid System Designed Specifically for Cooperatives and Their Commercial Customers
Posted on Jan 31, 2011
E2America is presenting its patented smart grid technology system at the Touchstone Energy Cooperatives’ New and Emerging Technologies Conference this week in New Orleans. The customizable systems are designed to reduce peak demand by managing commercial customers’ HVAC equipment. A number of North Carolina cooperatives have plans to install the systems to meet their energy efficiency targets. See the story in Business Wire for details.
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Socorro Electric Cooperative in Technical Default on RUS Loans
Posted on Jan 29, 2011
Socorro Electric Cooperative failed to meet its profit levels for the second year in a row. To avoid default on its $52 million in federal loans, the New Mexico cooperative plans to raise rates and implement other cost-saving measures. Socorro Electric is seeking an average rate increase of 6.95 percent. The El Defensor Chieftain is following this story.
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Georgia Supreme Court to Hear Cobb EMC Appeal
Posted on Jan 26, 2011
The Marietta Daily Journal has an article on Cobb EMC’s appeal to the Georgia Supreme Court regarding Cobb EMC’s proxy-voting amendment to its bylaws, and whether that amendment violated the December 2008 settlement agreement. The Georgia Court of Appeals had ruled that the amendment violated Cobb EMC’s settlement with disgruntled coop members.
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Southern Company and Ted Turner Team Up to Provide Solar Energy to Electric Cooperatives
Posted on Jan 25, 2011
EnergyCentral has a report on the 30-MW Cimarron Solar Facility, the product of a partnership between Southern Company and Ted Turner, which is located in New Mexico. The facility will supply power to the Tri-State Generation and Transmission Association’s member cooperatives.
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Callaway Electric Cooperative Passes Resolution in Support of Second Nuclear Reactor
Posted on Jan 25, 2011
Callaway’s resolution is in support of a state bill for a second nuclear reactor at the Callaway nuclear plant. The Fulton Sun (Missouri) has the details.
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Susquehanna Nuclear Plant Shuts Down Unit 1
Posted on Jan 25, 2011
In a press release, PPL Corporation reports that its Susquehanna nuclear plant in Pennsylvania, which is partly owned by the Allegheny Electric Cooperative, safely shut down Unit 1 this past Tuesday.
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Pedernales Bylaw Change Threatens to Disqualify Board Member From Serving
Posted on Jan 24, 2011
The Statesman reports on the fall-out from a recent bylaw change by Pedernales Electric Cooperative. The new bylaw prevents directors from serving on the board if they have worked for a wholesale power company within the past three years.
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