19 Cooperatives Receive $434 Million from USDA Electric Loan Program
Posted on Sep 5, 2023
The U.S. Department of Agriculture announced over $430 million in rural infrastructure loans to 19 cooperatives in 10 states to assist with strengthened systems, grid reliability and security. Minnesota cooperative Lake County Power received the largest loan of $82 million to build 400 miles of line and improve four substations.
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Dairyland Power Cooperative Opens New Digital Operations Center
Posted on Aug 31, 2023
Dairyland Power Cooperative, which serves 700,000 in Wisconsin, is opening a new digital operations center. The upgraded center will provide operators real-time tools to manage the new and varied resource types on the grid.
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Middle Tennessee Electric invests $85 million in fiber-optic for its members
Posted on Aug 31, 2023
Middle Tennessee Electric’s United Communications service will invest to expand fiber internet service to 77,000 members in Murfreesboro. The $85 million will go towards 1,400 route miles of new fiber-optic cables.
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USDA INVESTS $17 MILLION TO EXPAND MARKET OPPORTUNITIES IN RURAL IOWA
Posted on Aug 23, 2023
The USDA Rural Development State Director in Iowa announced that the Agency is investing $15,967,000 in loans and $1,124,000 in grants to four projects in four Iowa counties to promote rural economic development, job creation, and health services.
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Colorado Cooperative Focuses Technology on Wildfire Risk Mitigation
Posted on Aug 18, 2023
From drones, to AI satellite technology, to 360-degree fire watch cameras, CORE Electric Cooperative has implemented a wide variety of technology to monitor and mitigate wildfire risk. The coop also utilizes enhanced operation and maintenance programs, including robust system inspections.
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SENATOR SCHUMER TOUTS FUNDING FOR RURAL ELECTRIC CO-OPS
Posted on Aug 9, 2023
Senator Chuck Schumer visited Delaware County to discuss using federal funds to expand rural electric cooperatives, insisting it would lead to more good-paying, unionized jobs.
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NRECA Opposes EPA Power Plant Emissions Proposal
Posted on Aug 8, 2023
NRECA submitted written comments to EPA on August 8, opposing the agency’s rules regulating plant emissions. CEO Jim Matheson articulated that organization believes the rules are “unrealistic, unachievable, and will reduce key generating resources just as Americans are increasing their reliance on electricity.”
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Minnesota Coop Seeks Approval of Transmission Project
Posted on Aug 4, 2023
Minnesota Power and Great River Energy are seeking regulatory approval of the Northland Reliability Project, a 180-mile high-voltage transmission line to bolster electric reliability throughout northern and central Minnesota. Subject to such approval, the companies expect construction to begin in 2027 and the line to be operational in 2030, with a total cost estimated between $970 million and $1.3 billion.
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Appeals Court Holds South Dakota Coop is Bound by its Wholesale Power Contract
Posted on Aug 4, 2023
After a nearly three-year legal battle, the United States Court of Appeals Eighth Circuit has upheld a ruling that Dakota Energy has no legal route to a buyout under its wholesale power contract with East River Electric Coop. If the Dakota Energy chooses to do so, it can appeal to the Eighth Circuit “en banc” and request a ruling from all 11 judges on the circuit.
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Snapping Shoals EMC installs 20-year energy storage battery system
Posted on Aug 3, 2023
Snapping Shoals EMC, in collaboration with Stryten Energy Partnership, commemorated the installation of Georgia’s first Vanadium Redox Flow Battery System this week. The system will help store clean energy for 20 years without losing capacity for the cooperatives 100,000+ members.
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Guadalupe Valley Electric Cooperative begins development of Solar Energy Sustainability Project in Seguin, Texas
Posted on Aug 1, 2023
Guadalupe Valley Electric Cooperative, which serves 120,000 consumers in South Central Texas, is partnering with Vitesco Technologies and Big Sun Solar for one of the first three-party power purchase agreements in Texas, a solar project on 12 acres which will generate 4,800 megawatt hours per year.
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Eversheds Sutherland Advises Rayburn Financing of Sherman Gas Plant Acquisition
Posted on Aug 1, 2023
Eversheds Sutherland acted as legal advisor to Rayburn Electric Cooperative in financing its purchase of the Panda Sherman Power plant, a 758 megawatt natural gas-fueled power plant capable of supplying power to 750,000 homes, through concurrent closings of a private placement transaction with various investors, and a bridge loan from CoBank, ACB.
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Oglethorpe Power Announces Commercial Operation of First New U.S. Nuclear Unit in Three Decades
Posted on Jul 31, 2023
Oglethorpe Power Corporation has announced that Plant Vogtle Unit 3 has reached commercial operation, the first new nuclear unit in three decades, which will provide emissions-free power to Georgia.
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Louisiana Cooperatives to Receive Nearly 30 Million in Disaster Aid
Posted on Jul 28, 2023
Senator John Kennedy (R-La.) recently announced 28.7 million in FEMA grants will be awarded to Jefferson Davis Electric Cooperative and Beauregard Electrical Cooperative. The coops will use the funds to repair damage from Hurricanes Laura and Delta.
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