Lake Worth Approves Settlement with Florida Coop
Posted on May 16, 2012 in Legislative & Politics, Litigation | Comments Off on Lake Worth Approves Settlement with Florida Coop
Lake Worth City Commissioners approved an $850,000 settlement on Tuesday to end the city’s lawsuit against the Florida Municipal Power Agency. The settlement must still be accepted by FMPA, the Orlando-based power cooperative that supplies electricity to Lake Worth Utilities. The dispute arose from gas-transmission fees that FMPA quit paying in 2009 after the City Commission...
Construction Begins on 250-Mile Transmission Line in North Dakota
Posted on May 16, 2012 in Grid & Infrastructure, Land Use, Project Development, Renewable Energy | Comments Off on Construction Begins on 250-Mile Transmission Line in North Dakota
Construction began this week on Minnkota Power Cooperative’s $312 million, 250-mile transmission line, which will run from Center to Grand Forks, North Dakota. The 345-kilovolt transmission line is the longest line built in North Dakota in more than 30 years and should be completed by the end of 2013. The line will deliver coal-fired power from a plant near Center, which will allow...
North Dakota Coop Awarded 50-Year Federal Contract
Posted on May 16, 2012 in Project Development, Regulation & Policy | Comments Off on North Dakota Coop Awarded 50-Year Federal Contract
Verendrye Electric Cooperative will officially take over the electrical facilities at Minot Air Force Base on June 1. In 2010, the coop was awarded a 50-year federal contract to purchase, maintain and operate the electrical distribution infrastructure on the base. According to Air Force estimates, the contract will be worth nearly $85 million over the 50-year period. The Minot Daily...
Florida Coop and City Utility to Consider $850,000 Settlement
Posted on May 16, 2012 in Litigation | Comments Off on Florida Coop and City Utility to Consider $850,000 Settlement
Florida Municipal Power Agency, an Orlando-based power coop that supplies electricity to City of Lake Worth, has proposed a $850,000 settlement with Lake Worth to end a dispute over natural gas transmission fees. The city board will consider the settlement at its next meeting. Click here for more information.
With Help of CFC, Texas Coop Secures $115 Million in Financing for Renewable Projects
Posted on May 14, 2012 in Environmental, Financing, Project Development, Renewable Energy | Comments Off on With Help of CFC, Texas Coop Secures $115 Million in Financing for Renewable Projects
The National Rural Utilities Cooperative Finance Corporation (CFC) recently helped Nacogdoches, Texas-based East Texas Electric Cooperative (ETEC) secure $115 million through a syndicated credit facility. CFC and Regions Bank, based in Birmingham, Alabama, participated in a four-year, unsecured revolving credit transaction in which CFC will serve as the administrative agent. ETEC...
Update on Wisconsin Transmission Project
Posted on May 14, 2012 in Grid & Infrastructure, Permitting, Project Development | Comments Off on Update on Wisconsin Transmission Project
As expected, the Public Service Commission of Wisconsin approved a new high-voltage power line that is designed to reduce grid congestion in the Midwest power grid. The Journal Sentinel has more on the project and the approval.
Wisconsin Regulators to Decide on Transmission Project
Posted on May 10, 2012 in Financing, Grid & Infrastructure, Project Development | Comments Off on Wisconsin Regulators to Decide on Transmission Project
At a meeting Thursday, the Public Service Commission of Wisconsin was expected to decide whether to approve a power line that would run between Alma and Holmen in western Wisconsin. Northern States Power Company, Dairyland Power Cooperative and WPPI Energy are all working on this $234 million project. Read more here.
Update on American Municipal Power Lawsuit
Posted on May 10, 2012 in Litigation, Project Development | Comments Off on Update on American Municipal Power Lawsuit
American Municipal Power, Inc., an Ohio coop, sued a company last year for breach of contract and two torts, seeking $97 million in damages per claim. The suit alleges that Bechtel Power Corp. lowballed its estimate of the construction costs for a coal-fired supercritical power plant in Ohio by more than $1 billion, and then unexpectedly raised its estimate by $1 billion, forcing the...
Hoosier Energy to Shutter Coal-Fired Plant in 2015
Posted on May 9, 2012 in Environmental | Comments Off on Hoosier Energy to Shutter Coal-Fired Plant in 2015
Hoosier Energy, a cooperative based in Bloomington, Indiana, will retire a 250-MW coal-fired plant in Petersburg, Indiana, in 2015. Hoosier explained that the costs associated with new and proposed U.S. Environmental Protection Agency rules motivated the company to close the plant. Additional details may be found here.
Kentucky Coop Files Request to Join PJM
Posted on May 9, 2012 in Corporate Governance, Grid & Infrastructure, Reliability | Comments Off on Kentucky Coop Files Request to Join PJM
East Kentucky Power Cooperative (EKPC) is seeking approval from the Kentucky Public Service Commission to join PJM Interconnection (PJM), a regional transmission organization that coordinates the movement of wholesale electricity in 13 states and the District of Columbia. Citing operational and regulatory constraints, EKPC says PJM membership would allow for more efficient and...
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