How Clean Power Plan Replacement Affects Coops
Posted on Aug 27, 2018
The Environmental Protection Agency has unveiled its proposal to replace the Clean Power Plan with a more flexible rule governing carbon dioxide emissions that is expected to reduce compliance costs for coal-based generation. This proposal is known as the Affordable Clean Energy rule, and it should provide cooperatives with the certainty and flexibility needed to meet their consumer-members’ local energy needs.
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Arkansas Electric Cooperatives Inc. Completes 1 MW Solar Plant
Posted on Aug 24, 2018
Today’s Power Inc., a subsidiary of Arkansas Electric Cooperatives Inc., has completed a 3,888-panel photovoltaic array which, at peak production, will provide power for about 135 homes. Its single-axis tracking system is considered among the most advanced at its scale in the country.
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Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
Posted on Aug 23, 2018
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 alert.
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Development of a Proposed 220 MW Wind Farm Continues to Advance
Posted on Aug 23, 2018
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.
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Vermont Electric Cooperative Announces New CEO
Posted on Aug 23, 2018
The Vermont Electric Cooperative recently named Rebecca Towne as the cooperative’s new chief executive officer. Towne is expected to advance innovative initiatives, including an energy transformation program that offers incentives to members to transition from fossil fuels to renewable energy sources; a community solar program under which members can sponsor panels in solar arrays and save money through bill credits; and energy storage and demand-management initiatives.
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Lewis County Electric Coop Receives Funds to Upgrade Power Lines
Posted on Aug 23, 2018
The Lewis County Rural Electric Cooperative Association received $12.3 million for a 4-year project to upgrade some of its power lines. These funds are a loan and not a grant. The Missouri electric cooperative intends to pay back the loan through revenue generated from its customers.
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NRECA Welcomes Clean Power Plan Replacement Proposal
Posted on Aug 22, 2018
The National Rural Electric Cooperative Association (NRECA) expressed support for the Environmental Protection Agency’s efforts to replace the Clean Power Plan with a more workable rule. According to NRECA CEO Jim Matheson, the proposed rule appears to provide electric cooperatives with a more achievable plan that adheres to EPA’s historic approach to using the Clean Air Act. This is necessary to provide electric co-ops the certainty and flexibility they need to meet their consumer-members’ local energy needs.
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USDA Announces New Loans for Electric Cooperatives
Posted on Aug 21, 2018
On August 6, 2018, the U.S. Department of Agriculture (USDA) announced that 19 electric cooperatives will receive a total of nearly $350 million in a new round of loans for infrastructure improvements, new power lines, and smart grid technologies. The loans are being made through the USDA’s Electric Infrastructure Loan and Loan Guarantee program which helps finance generation, transmission, and distribution projects; system improvements; and energy conservation projects in communities with fewer than 10,000 residents.
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Federal Risk Center Will Help Electric Cooperatives Coordinate Cybersecurity
Posted on Aug 21, 2018
A new National Risk Management Center under the Department of Homeland Security was launched at the National Cybersecurity Summit in New York City on July 31, 2018. Among other things, the center will provide federal insight on developing threats and share information in order to help utilities anticipate and deflect cyberattacks.
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Arkansas Coop Announces Smart Grid Project
Posted on Aug 9, 2018
Arkansas Valley Electric Cooperative Corporation has announced the launch of its Advance Smart Grid Project, which will begin deploying technology and equipment to meet the need for communicating with electrical distribution equipment throughout AVECC’s system.
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Connexus Energy Breaks Ground on Solar-Plus-Storage Projects
Posted on Aug 9, 2018
Connexus Energy, a member-owned electric cooperative in Minnesota, is breaking ground on two solar-plus-storage projects in the state. The combined 25 MW projects are expected to cost $31 million and save $4 million annually through peak load reduction.
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$345.5 Million in Rural Electric Infrastructure Investments Announced
Posted on Aug 9, 2018
Agriculture Secretary Sonny Purdue has announced that $345.5 million will be invested by the U.S. Department of Agriculture in 20 infrastructure projects to improve rural electric service in 14 states.
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New Mexico Coop Launches 4,000-Panel Solar Facility
Posted on Aug 3, 2018
On June 25, 2018, Kit Carson Electric Cooperative (KCEC) and Guzman Energy launched a 4000-panel solar array near Eagle Nest Lake in New Mexico. This project is part of KCEC’s goal of providing 100 percent of its customers’ daytime power needs from solar energy by 2022.
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Florida Coop Receives Approval for New Natural Gas-Fired Plant
Posted on Aug 2, 2018
Seminole Electric Cooperative (Seminole) has received approval from the Florida Department of Environmental Protection to build a gas-fired plant in Putnam County, Florida. Seminole previously received approval from the Florida Public Service Commission.
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