Eversheds Sutherland Coop Law Blog
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Pedernales Electric Cooperative Signs 100-MW PPA on Texas Wind Project

EDF Renewables North America and Pedernales Electric Cooperative, the largest distribution electric cooperative in the United States, signed a 15-year power purchase agreement (PPA) for a 100-MW share of King Creek 1 Wind Project. The project will consist of 47 wind turbine generators and construction is expected to start by the end of 2020. The project will create approximately 300...

Pedernales Electric Cooperative Energizes New Battery Storage System

Pedernales Electric Cooperative (PEC) has installed and energized a new battery storage system, making it the first cooperative in Texas to utilize battery storage. The battery storage system can hold a total of 2.25 MWs of electricity for two hours and are charged by PEC’s Johnson City solar installation.

Texas Cooperative to Install Battery Storage System

Pedernales Electric Cooperative (PEC) has signed an agreement with Aggreko, a provider of mobile and modular power solutions, to install and commission a battery energy storage system in Johnson City, Texas. The system will provide solar shifting from a nearby solar farm within the PEC service territory.

Pedernales Electric Cooperative Selects New Chief Executive Officer and Chief Operations Officer

Pedernales Electric Cooperative (PEC) recently announced that its Board of Directors has unanimously selected Julie Parsley as its Chief Executive Officer and Eddie Dauterive as its Chief Operations Officer. Parsley is a former Commissioner of the Public Utility Commission of Texas as well as a former Solicitor General of Texas. Dauterive previously served as PEC’s Vice President...

Pedernales to Distribute Nearly $13 Million in Capital Credits

The Pedernales Electric Cooperative (PEC) Board of Directors recently approved a capital credits distribution of more than $12.7 million to current and former PEC members after the Board reviewed the coop’s fiscal health and determined the distribution would not have any adverse impact on PEC.  The distribution of capital credits, which reflect member ownership in PEC, will vary from...