Eversheds Sutherland Coop Law Blog
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Southeastern Coops Amend and Extend Lines of Credit

The National Rural Utilities Cooperative Finance Corporation (CFC) recently arranged transactions for two coops that will amend and extend their lines of credit.  Winchester-based East Kentucky Power Cooperative (EKPC) was able to increase its $450 million, five-year syndicated revolving credit facility to $500 million and extend the credit facility’s maturity date to 2018.  The...

Kentucky Coop Proposes Innovative Solution to Air Emission Standards

East Kentucky Power Cooperative (EKPC) plans to install ductwork to tie a scrubber between two coal-fired generation units at the Cooper Station plant.  Rather than install separate scrubbers or convert to natural gas, the $15 million tie proposal will provide an affordable alternative that effectively meets new air quality regulations.  EKPC plans to have the tie in operation by...

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