Eversheds Sutherland – 40+ Years Focused on Coops
Posted on Apr 2, 2018
Eversheds Sutherland is proud of the work we have done and the relationships we have built with our electric cooperative clients over the past 40 years. We have posted a three-minute video to the blog that highlights some of our accomplishments and provides an overview of Eversheds Sutherland’s global capabilities.
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Energy Storage Systems Added to Brunswick Electric Membership Corporation’s Service Territory
Posted on Mar 26, 2018
Lockheed Martin and Cypress Creek Renewables have commissioned 12 MWh of GridStar Lithium energy storage systems for 12 solar-plus-storage projects that will provide clean electricity to communities served by Brunswick Electric Membership Corporation, a North Carolina cooperative (“Brunswick EMC”). Lockheed Martin’s GridStar technology ensures that this electricity is rapidly dispatchable, which allows Brunswick EMC to avoid peaking costs and pass the savings to its member-owners in Brunswick and Columbus Counties. These storage projects will provide solar energy to Brunswick EMC’s...
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Legal Alert: NERC and Power Company Reach Settlement on Violations of Cybersecurity Standards
Posted on Mar 23, 2018
With increased awareness of the urgent threat that cybersecurity failures pose to critical infrastructure, regulators have been stepping up their enforcement efforts, particularly against those entities that fail to establish and implement sufficient precautions against breaches.
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Arkansas Electric Cooperative Enters Solar PPA
Posted on Mar 22, 2018
Arkansas Electric Cooperative Corporation (AECC) has entered into a power purchase agreement (PPA) with Renewable Energy Systems Americas Inc. (RES) to purchase up to 100 MW of energy. Under the PPA, AECC will purchase energy produced by an 800-acre solar farm which will be constructed by RES beginning in 2021.
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USDA Invests in Rural Electric Infrastructure
Posted on Mar 14, 2018
The U.S. Department of Agriculture (USDA) has announced that it is investing $276 million in rural electric infrastructure, some of which is being awarded directly to coops, to improve system efficiency and reliability.
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Ohio Coop Rebrands, Expands Services
Posted on Mar 13, 2018
Consolidated Electric Cooperative, Inc. has rebranded to Consolidated Cooperative, effective immediately. The change coincides with the start of construction on a fiber-optic network to deliver high-speed internet service to its members and nearby communities.
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Cooperative and Origis Unveil Mississippi Solar Project
Posted on Mar 9, 2018
Cooperative Energy and Origis Energy celebrated their new joint venture 52 MW solar project near Sumrall in Lamar County, Mississippi, signifying a major commitment to generating renewable energy. The project, MS Solar 3, is built on a 540-acre site, and includes 206,000 polycrystalline solar panels that gather sunlight and transform it to energy that will power up to 11,400 homes.
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Walton EMC to Provide Renewable Energy to Facebook’s New Data Center
Posted on Mar 8, 2018
Walton Electric Membership Corporation (EMC) is Facebook, Inc.’s choice to power its Newton Data Center with 100 percent solar-generated renewable energy. As part of this power supply arrangement, Walton EMC will partner with Morgan Stanley’s commodities division which will serve as Walton EMC’s wholesale energy supplier.
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Legal Alert: Patronage Capital Case Dismissed
Posted on Mar 7, 2018
A federal court in Pennsylvania has dismissed a putative class action against REA Energy Cooperative seeking the return of approximately $53 million in patronage capital. The court found that state law and the cooperative’s bylaws allowed the board of directors to determine when patronage capital would be returned to members. The court rejected the plaintiffs’ attempts to limit the board’s discretion in determining when to return patronage capital. The court found that the plaintiffs had not alleged justifiable reliance on any statements by the cooperative. View the full legal...
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Wabash Valley Power Signs Solar PPA
Posted on Mar 7, 2018
Wabash Valley Power has entered into a 30-year power purchase agreement (PPA) to purchase energy and capacity from a 99 MW solar array. The Prairie State Solar Project, located in Perry County, Illinois, will be the largest solar array in Illinois.
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Coop Signs Power Purchase and Asset Acquisition Agreement for Solar Facility
Posted on Mar 1, 2018
Mid-Kansas Electric Company Inc. (Mid-Kansas), an affiliate of Sunflower Electric Power Corp., has signed a 25-year power purchase and asset acquisition agreement with Lightsource BP with respect to a 20 MW solar project to be located in Kansas. Lightsource BP will build, own and operate the solar facility, and Mid-Kansas will purchase solar energy from the facility once it is in commercial operation.
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TEC and Guadalupe Valley Electric Cooperative Announce Alliance
Posted on Feb 21, 2018
Texas Electric Cooperatives (TEC) and Guadalupe Valley Electric Cooperative (GVEC) have announced an alliance which brings more than 9,800 miles of line and more than 80,000 meters in thirteen counties into areas currently served by TEC alliance partnerships. This alliance between TEC and GVEC is TEC’s twenty-third alliance partnership.
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Coops Oppose PMA Privatization Proposal
Posted on Feb 15, 2018
The National Rural Electric Cooperative Association has released a statement opposing the proposal to sell Power Marketing Administration (PMA) transmission assets, stating that “[m]ore than 600 electric coops rely on PMAs for access to low-cost, hydroelectric power.”
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NRECA CEO Requests Funds for Rural Broadband
Posted on Feb 14, 2018
In a letter to the House Committee on Appropriations, Jim Matheson, CEO of the National Rural Electric Cooperative Association (NRECA), recently requested significant funding for rural infrastructure. Matheson recommended that at least $2.5 billion of the FY2018 budget be dedicated to providing broadband to rural areas of the country.
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