Iowa Coop Members Vote to Merge
Posted on Apr 5, 2012 in Corporate Governance, Mergers/Acquisitions | Comments Off on Iowa Coop Members Vote to Merge
Coop members have overwhelmingly approved the merger of Humboldt County Rural Electric Cooperative and Midland Power Cooperative. Merged operations are slated to begin in January 2013 under the name Midland Power Cooperative. Supporters of the merger cite it as a means to control operating costs and increase resources. Read more here.
Texas Coop Lowers Price of Power, Cites Low Gas Prices
Posted on Apr 3, 2012 in Rates | Comments Off on Texas Coop Lowers Price of Power, Cites Low Gas Prices
Historically low natural gas prices have again had a direct impact on electric coop rates. Texas-based Bluebonnet Electric Cooperative has lowered the cost of power for its members for the second time in six months, citing gas costs as the main contributing factor. Natural gas is used to generate about half of the electricity in Texas. (Subscription required for full...
Potential Risks in Solar Interconnection Changes
Posted on Apr 3, 2012 in Climate Change, Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Regulation & Policy, Reliability, Renewable Energy | Comments Off on Potential Risks in Solar Interconnection Changes
In a filing before the Federal Energy Regulatory Commission (FERC), the National Rural Electric Cooperative Association recently identified significant reliability and safety risks that could be caused by the proposed revised procedures for interconnecting small solar generation with the grid. NRECA requested that FERC reject the Solar Energy Industries Association’s request for...
Arizona Coop Seeks to Offer Prepaid Services to Members
Posted on Apr 2, 2012 in Rates, Regulation & Policy, Reliability | Comments Off on Arizona Coop Seeks to Offer Prepaid Services to Members
Mohave Electric Cooperative (MEC) is seeking permission from the Arizona Corporation Commission (ACC) to offer its members prepaid electric service. If approved, the service would provide pay-as-you-go service for customers who request it. AARP Arizona has submitted comments to the ACC raising some questions about MEC’s proposal, especially with regard to how the proposed service...
Florida Coop to Issue $13 Million in Equity Refunds
Posted on Apr 2, 2012 in Financing, Patronage Capital, Rates | Comments Off on Florida Coop to Issue $13 Million in Equity Refunds
Fort Myers-based Lee County Electric Cooperative will give customers almost $13 million in equity refunds or credits beginning in June. The refund checks will go to more than 48,000 customers based on the amount of equity they have in the system. Another 141,100 customers will receive credits on their bills. The News-Press has more here.
EPA Regulations Could Prevent the Use of Coal at New Plants
Posted on Apr 2, 2012 in Environmental, Regulation & Policy | Comments Off on EPA Regulations Could Prevent the Use of Coal at New Plants
Under a new rule proposed by the U.S. Environmental Protection Agency on March 27, carbon dioxide emissions from new fossil fuel plants would be required to be roughly equivalent to the emissions from new combined-cycle natural gas plants. Some industry members believe the rule could effectively prevent the use of coal to produce electric power at new plants. The proposed standard...
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