Yellowstone Valley Electric Cooperative’s Annual Meeting Highlights Growth and Cost Issues
Posted on Apr 6, 2011 in Corporate Governance, Litigation, Rates | Comments Off on Yellowstone Valley Electric Cooperative’s Annual Meeting Highlights Growth and Cost Issues
The Montana cooperative resumed growth in 2010, and the rates paid by its members were increased in January 2011 and may be increased again this year. Future rates are largely dependent upon the outcome of Yellowstone Valley’s litigation regarding its membership in Southern Montana Electric Cooperative. For more on this story, see the Big Sky Business Journal.
Coop Membership is Expanding Faster Than Overall Population Growth
Posted on Apr 5, 2011 in Economic Downturn, Regulation & Policy | Comments Off on Coop Membership is Expanding Faster Than Overall Population Growth
With most of the nation’s population growth occurring in the western and southern states, coops that serve suburban and other neighboring areas have seen significant increases in the number of customers in their service areas. This rate of growth is expected to continue so long as population centers in the south and west continue to grow at rates in excess of the national population...
Rule Requiring Installation of Pollution Controls on Back-up Generators Would Cost Iowa Cooperatives Big Money
Posted on Apr 4, 2011 in Environmental, Legislative & Politics, Rates | Comments Off on Rule Requiring Installation of Pollution Controls on Back-up Generators Would Cost Iowa Cooperatives Big Money
The CEO of North Iowa Municipal Electric Cooperative objected to the rule because coop’s members would have to pay more than $5 million to install catalyst technology on back-up units that run for a yearly average of 11 hours each. Based on cost-benefit concerns like these, Governor Branstad vetoed the state rule. Radio Iowa has the full story.
Members of Carroll Electric Cooperative Petition to Have Challenger Elected to the Board
Posted on Apr 4, 2011 in Corporate Governance | Comments Off on Members of Carroll Electric Cooperative Petition to Have Challenger Elected to the Board
In order for challenger Marcie Brewster to be added to the ballot for the 2011 board election, members of the Arkansas cooperative must obtain the signatures of one percent of Carroll Electric’s members. The members seeking Brewster’s nomination are dissatisfied with the fact that Carroll Electric holds its board meetings in private and will not make its board minutes publicly...
Vermont Coop-Nuclear Deal Not a Guarantee
Posted on Apr 1, 2011 in Legislative & Politics, Project Development | Comments Off on Vermont Coop-Nuclear Deal Not a Guarantee
The proposed power purchase agreement between Entergy Corp. and Vermont Electric Cooperative Inc. as posted Thursday on the Coop Law Blog is not a done deal. The cooperative’s board must first approve the 20-year contract, which provides an initial rate of 4.9 cents per kilowatt-hour and board members are worried about the reliability of the Vernon nuclear power plant. The board...
Three Nuclear Plants Are Safe But Receive Additional NRC Oversight
Posted on Apr 1, 2011 in Regulation & Policy | Comments Off on Three Nuclear Plants Are Safe But Receive Additional NRC Oversight
Nuclear power plants in Kansas, Nebraska and South Carolina will see more of the Nuclear Regulatory Commission (NRC) after a safety review revealed that while operating safely, the plants require additional oversight. The NRC may determine additional oversight is needed where previously identified safety issues have not been timely addressed or where issues of higher significance may...
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