Lewes Resolution Says No to Coop
Posted on Sep 29, 2011 in Corporate Governance, Mergers/Acquisitions, Regulation & Policy | Comments Off on Lewes Resolution Says No to Coop
The Lewes Board of Public Works determined it is not in the public’s interest to sell the city’s electric utility to Delaware Electric Cooperative. Local control, reliable service and good rate treatment already provided by the city’s utility were among the reasons residents supported the Board’s resolution. Click here for more.
New York Law Makes Room for Rural Electric Cooperatives
Posted on Sep 29, 2011 in Legislative & Politics, Project Development | Comments Off on New York Law Makes Room for Rural Electric Cooperatives
New York Governor Andrew Cuomo recently signed legislation that modifies the definition of “rural” and expands the geographic areas that may be served by rural electric cooperatives. The new definition conforms to the meaning adopted by the United States Department of Agriculture and lifts a restriction on rural coops to serve only customers within a city or village having a...
Solar Project Moves Forward in Maryland
Posted on Sep 27, 2011 in Project Development, Renewable Energy | Comments Off on Solar Project Moves Forward in Maryland
Southern Maryland Electric Cooperative (SMECO) is joining forces with SunEdison to develop a solar facility in Hughesville, Maryland. The National Renewables Cooperative Organization has been assisting SMECO in developing the project. The 5.5-MW AC solar farm is currently pending approval from the state’s Public Service Commission. Click here to read the full story.
Bluebonnet Electric Cooperative Sued by Texas Fire Victims
Posted on Sep 27, 2011 in Litigation | Comments Off on Bluebonnet Electric Cooperative Sued by Texas Fire Victims
Three victims of the Bastrop wildfire have filed a lawsuit against Bluebonnet Electric Cooperative for gross negligence that the plaintiffs allege led to one of Texas’ largest fires. The plaintiffs are seeking compensation including personal injury and property damage, mental anguish, and past and future medical expenses. A Texas Forest Service investigation report has concluded that...
Wisconsin Coop to Purchase From Seventh Methane Digester
Posted on Sep 22, 2011 in Project Development, Renewable Energy, Technology | Comments Off on Wisconsin Coop to Purchase From Seventh Methane Digester
Beginning early next year, Dairyland Power Cooperative will purchase power from a new 635-kW biogas digester facility located in Augusta, Wisconsin. Eau Claire Energy Cooperative, a Dairyland member, will service the facility owned by Bush Brothers & Co. Dairyland already purchases power generated by six other digester facilities that utilize methane gas extracted from cow manure....
Pedernales Electric Cooperative Revises its Creditworthiness Policy
Posted on Sep 20, 2011 in Financing | Comments Off on Pedernales Electric Cooperative Revises its Creditworthiness Policy
The Pedernales Electric Cooperative (PEC) Board of Directors has approved changes to the coop’s creditworthiness policy. The new rules relax creditworthiness for new and existing members, including a new guarantee letter process whereby a member or applicant can be guaranteed by an existing member. You can find more details about PEC’s new plan here.
Rolling Hills Considering Merger Opportunity
Posted on Sep 19, 2011 in Mergers/Acquisitions | Comments Off on Rolling Hills Considering Merger Opportunity
In preliminary talks, the trustees of Rolling Hills Electric Cooperative, Inc., a Kansas coop, are considering a merger with DS&O Electric Cooperative. Inc. In a letter to its members, Rolling Hills described the talks as “preliminary” and “non-binding.” This story was reported by the Dierking Communications News Center.
Yellowstone Valley Electric Lawsuit Moving Forward
Posted on Sep 16, 2011 in Litigation | Comments Off on Yellowstone Valley Electric Lawsuit Moving Forward
A District Court Judge in Montana has cleared the way for Yellowstone Valley Electric Cooperative’s (YVEC) lawsuit against Southern Montana Electric Generation and Transmission Cooperative to proceed by turning down requests for a temporary restraining order and preliminary injunction. YVEC, along with four other coops and the city of Great Falls, formed Southern in 2004 with the goal...
Coops Get Government Boost For New Projects
Posted on Sep 16, 2011 in Financing, Project Development | Comments Off on Coops Get Government Boost For New Projects
U.S. Agriculture Secretary Tom Vilsack announced on Friday that twenty-seven rural electric cooperative utilities will receive government funding for generation and transmission projects, distribution facilities and smart grid technologies. The United State Department of Agriculture reports that these loans are expected to finance rural electric utility improvements benefiting nearly...
Wind Project Put on Hold in Massachusetts
Posted on Sep 9, 2011 in Land Use, Project Development, Renewable Energy | Comments Off on Wind Project Put on Hold in Massachusetts
With Cape and Vineyard Electric Cooperative focusing more and more of its efforts on solar projects, the town of Brewster has backed off its plan to build a wind facility with funds from the coop. The coop views solar as an increasingly competitive technology and as a solution to much of the resistance it has encountered in trying to get wind facilities built in Massachusetts. The...
Subscribe
