Eversheds Sutherland Coop Law Blog
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Eversheds Sutherland Advises Rayburn Financing of Sherman Gas Plant Acquisition

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.

CoBank Announces $250,000 Contribution to NRECA International

For the 12th consecutive year, CoBank has contributed in support of NRECA International’s rural electrification projects in order to help provide access to safe, reliable and affordable electricity.

Several Cooperative Agricultural and Rural Infrastructure Banks Ranked World’s Safest for 2020

Several cooperative agricultural and rural infrastructure banks, including CoBank, made the Global Finance World’s 50 Safest Banks annual ranking for 2020. The rankings have long been recognized as a trusted standard for individuals and investors to gauge the financial safety of banks.

Pandemic Likely to Continue Affecting Electricity Demand

According to a recent CoBank report, demand for electricity is not expected to rebound to pre-COVID-19 levels until at least 2022. While the drop in commercial demand has been somewhat offset by residential demand due to stay-at-home orders, there are signs this sector will also weaken. This may result in utilities taking cost-saving measures, such as coal-fired plants retiring at a...

CoBank Report: Electric Cooperatives Increasingly Bringing Broadband to Rural Communities

People living in rural communities are four times more likely to lack access to broadband than those in urban communities. Rural electric cooperatives, some of which were formed nearly 80 years ago to bring electricity to rural America, are increasingly making the move into broadband to fill the supply gap. Many coops have found that building out a broadband network using their...

Cooperative Bank Makes Large Donation to the NRECA International Foundation

CoBank, a national cooperative bank, recently donated $250,000 to the National Rural Electric Cooperative (NRECA) International Foundation.  The donation made by CoBank will support the Foundation’s mission of providing electrification to some of the world’s poorest regions.  Click here to read more.

CoBank Donates to Energy Research Partnership

Oklahoma State University’s National Energy Solutions Institute and the Smart Energy Solutions Association will team up thanks to a $500,000 donation from CoBank, a national cooperative bank.  The partnership aims to connect energy research to the marketplace for real world application.  Click here for more information on this exciting opportunity.

CoBank’s “Sharing Success” Renewed for 2014

CoBank has announced that it is renewing its “Sharing Success” charitable contribution program for 2014.  CoBank’s board has committed $3 million to the program, which will be used to match donations by cooperative customers to non-profits in their communities.  Click here for more information.

Missouri Coop Refinances RUS Debt

Co-Mo Electric Cooperative recently refinanced $38.7 million in debt held by the Rural Utilities Service (RUS).  CoBank and the National Rural Utilities Cooperative Finance Cooperation issued new debt for the refinancing transaction.  The cooperative cited better interest rates and the desire for flexibility outside of government-based borrowing as reasons for the decision to...