Proposed Derivatives Rules Designed for Wall Street May Apply to Coops
Posted on Jul 22, 2011 in Financing, Legislative & Politics, Regulation & Policy | Comments Off on Proposed Derivatives Rules Designed for Wall Street May Apply to Coops
In a hearing before the House Committee on Agriculture, a number of Representatives questioned the chairman of the Commodity Futures Trading Commission about the scope of proposed derivatives rules under Dodd-Frank. Despite the chairman’s assurances, many fear that coops and utilities will be regulated as swap dealers under the proposed rules. Law 360 has the full story...
Carroll Electric Coop Faces Class Action
Posted on Jul 21, 2011 in Corporate Governance, Litigation | Comments Off on Carroll Electric Coop Faces Class Action
On Tuesday, members of the Carroll Electric Cooperative Corporation filed a class action complaint against the coop with the Arkansas Public Service Commission. The class seeks, among other things, increased transparency and democratic governance of Carroll Electric as well as patronage capital (the repayment of capital credits to coop members). Carroll County News has the...
NRCO Helps Mid-Atlantic Coops Enter Wind Purchase Agreements
Posted on Jul 21, 2011 in Project Development, Renewable Energy | Comments Off on NRCO Helps Mid-Atlantic Coops Enter Wind Purchase Agreements
The National Renewables Cooperative Organization (NRCO) facilitated negotiations for two Mid-Atlantic coops to enter separate power purchase agreements with BP Wind Energy. Southern Maryland Electric Cooperative Inc. and Old Dominion Electric Cooperative recently agreed to purchase 30 MW and 75 MW respectively from the Mehoopany Wind Farm currently under development in Pennsylvania....
Solar Plant Talks Begin in Southern Maryland
Posted on Jul 21, 2011 in Project Development, Renewable Energy | Comments Off on Solar Plant Talks Begin in Southern Maryland
Huntington, Maryland may be the home of a new two-acre solar energy plant. A meeting to discuss preliminary aspects of the proposed project will be held this Saturday with Calvert County residents invited to attend. The project’s voltage amount is not yet known, but if built, will connect into the Southern Maryland Electric Cooperative Inc. grid system. Read more.
Missouri Coop Agrees to Purchase 150 MW From Wind Capital
Posted on Jul 21, 2011 in Project Development, Renewable Energy | Comments Off on Missouri Coop Agrees to Purchase 150 MW From Wind Capital
Associated Electric Cooperative, Inc. will purchase 150 MW of power from a Wind Capital Group wind farm currently under development in Oklahoma. The wind farm has a construction completion date of June 2012. Read the full story here.
Beartooth Electric Cooperative Members Seek to Replace Trustees
Posted on Jul 20, 2011 in Corporate Governance | Comments Off on Beartooth Electric Cooperative Members Seek to Replace Trustees
A group of members of the Beartooth Electric Cooperative in Montana has commenced efforts to replace the five trustees who voted to support increasing the debt limit for the construction of the Highwood Generating Station near Great Falls to $300 million. Additional details can be found here.
Coop Offers Early Retirement Packages to Cut Costs
Posted on Jul 19, 2011 in Economic Downturn, Environmental | Comments Off on Coop Offers Early Retirement Packages to Cut Costs
The Craig-Botetourt Electric Cooperative has offered early retirement to more than one-third of its employees as a cost cutting measure intended to keep rates lower. Full-time employees 54 or older were offered “voluntary special early retirement,” which includes insurance coverage through April 30, 2012, and a retraining program for anyone who wants to re-enter the workforce. The...
Arizona Corporate Commission Approves New Waste-to-Energy Plant
Posted on Jul 18, 2011 in Environmental, Innovation/Efficiency, Project Development, Renewable Energy | Comments Off on Arizona Corporate Commission Approves New Waste-to-Energy Plant
Last week, the Arizona Corporate Commission approved an application filed in November 2010 by Mohave Electric Cooperative for a waste-to-energy plant as a pilot program. MEC, which distributes electricity to nearly 40,000 customers, plans to build the plant in the Phoenix area. The plant could generate about 11 megawatts of electricity, supplying roughly 2,700 homes with electricity....
House Committee Blocks EPA Regulations
Posted on Jul 18, 2011 in Environmental, Legislative & Politics | Comments Off on House Committee Blocks EPA Regulations
The House Energy and Commerce Committee voted on July 13 to advance legislation to block the Environmental Protection Agency from regulating coal ash as a hazardous waste. The same committee voted just days earlier to delay implementation of two major EPA rules. The first rule would require utilities to use maximum achievable control technology on their units to reduce emissions of...
Coop Offers Reward for Information on Copper Theft
Posted on Jul 15, 2011 in Economic Downturn | Comments Off on Coop Offers Reward for Information on Copper Theft
In response to two break-ins this summer, New Hampshire Electric Cooperative is offering a cash reward to anyone with information that leads to the arrest and conviction of the responsible person or persons. The coop has also increased security in an effort to combat this ongoing problem. The Union Leader has the full story.
Subscribe
