Eversheds Sutherland Coop Law Blog
content top

House Subcommittee Rejects Administration’s RUS Limitations

A House subcommittee supports a bill providing $4 billion to the Rural Utilities Service (RUS) loan program but opposes limitations on that amount proposed by the Obama Administration.  The Administration would allocate $3 billion for renewable-energy-related projects and the remaining $1 billion to environmental upgrade projects.  The House subcommittee would provide more flexibility...

Indiana Coop and CFC “Amend & Extend” Line of Credit

Hoosier Energy Rural Electric Cooperative (Hoosier), based in Indiana, and the National Rural Utilities Cooperative Finance Corporation (CFC) have finalized a deal to “amend and extend” a $400 million line of credit.  The line of credit, which has an original maturity date of August 11, 2016, will now remain in place through April 30, 2018.  Hoosier’s plans for the credit line include...

Texas Coop Positioned for Long-Term CFC Relationship

Bluebonnet Electric Cooperative, located in Bastrop, Texas, has refinanced $92 million of debt to borrow wholly from the National Rural Utilities Cooperative Finance Corporation (CFC).  Bluebonnet has decades of experience with the CFC, which has accommodated the coop’s changing financial plans and borrowing needs.  To learn more, click here.

Illinois Coops Merge

Two Illinois electric coops, Jo-Carroll Energy, Inc. and Farmers Mutual Electric Company, have merged.  The integrated coop, Jo-Carroll Energy, will serve a combined 21,372 electric members and will be a 100-percent National Rural Utilities Cooperative Finance Corporation borrower.  Click here for more.

Next Entries »