Tri-State Generation and Transmission Association to Consider Alternative Transmission Project
Posted on Jan 17, 2013 in Grid & Infrastructure, Project Development, Reliability | Comments Off on Tri-State Generation and Transmission Association to Consider Alternative Transmission Project
Tri-State Generation and Transmission Association plans to consider an alternative route for its planned transmission project to provide new infrastructure for its electric system. Tri-State’s decision is in response to Xcel Energy’s indication that it will likely withdraw from the previously proposed joint transmission project. The project will help provide reliable power to San...
Illinois G&T Coop Receives Long-Term Rating of A- for Senior Secured Bonds
Posted on Jan 15, 2013 in Patronage Capital, Rates | Comments Off on Illinois G&T Coop Receives Long-Term Rating of A- for Senior Secured Bonds
Prairie Power, Inc. (PPI) recently received a long-term rating of A- with a stable outlook by Kroll Bond Rating Agency (KBRA) for all of its $471.3 million of senior secured debt as of November 1, 2012. PPI is an electric generation and transmission coop that serves central Illinois. This is KBRA’s first G&T coop rating and marks its entry into this market. Read more...
Kroll Bond Rating Agency Issues Updated Report on Fracking
Posted on Jan 15, 2013 in Environmental, Innovation/Efficiency, Land Use, Project Development, Regulation & Policy | Comments Off on Kroll Bond Rating Agency Issues Updated Report on Fracking
Kroll Bond Rating Agency (KBRA) has issued an update to its report on the state and local credit risks of high-volume hydraulic fracking of the Marcellus and Utica Shale Basins, located below New York, Ohio, Pennsylvania and West Virginia. The report, available here, discusses the estimated economic impact from the recovery of these fossil fuel resources. These resources are so large...
Coop Seeks Expedited Ruling to Prevent Tribal Takeover
Posted on Jan 14, 2013 in Corporate Governance, Litigation, Rates, Reliability | Comments Off on Coop Seeks Expedited Ruling to Prevent Tribal Takeover
After filing an amended complaint on December 14, the Northern Rio Arriba Electric Cooperative is asking a federal judge for an expedited ruling to prevent a New Mexico tribal authority from potentially taking ownership of its electric distribution system on a Northern New Mexico Indian reservation as early as next month. The coop is also seeking an order that would compel the...
Michigan Agency Extends Permit for Installation of Coal Plant
Posted on Jan 14, 2013 in Environmental, Grid & Infrastructure, Land Use, Permitting, Project Development | Comments Off on Michigan Agency Extends Permit for Installation of Coal Plant
A coalition of Michigan electric utilities, which includes Cherryland Electric Cooperative, recently received an extended permit from the Michigan Department of Environmental Quality for the construction of a contested coal plant project However, utility officials, including those representing Cadillac-based Wolverine Power Cooperative, have not announced if they intend to follow...
Colorado Coop Closes on Syndicated Line of Credit
Posted on Jan 14, 2013 in Corporate Governance, Financing, Rates | Comments Off on Colorado Coop Closes on Syndicated Line of Credit
Brighton-based United Power, Inc. (UPI), which is a 100-percent National Rural Utilities Cooperative Finance Corporation (CFC) borrower, has closed on a $30 million syndicated line of credit arranged by CFC. The three-year unsecured line of credit replaces an existing perpetual line, and it is the second line of credit arranged by CFC for an electric distribution coop. The first line...
Maryland PSC Calls for Smart Metering Options
Posted on Jan 10, 2013 in Innovation/Efficiency, Regulation & Policy, Technology | Comments Off on Maryland PSC Calls for Smart Metering Options
The Maryland Public Service Commission (PSC) will require Southern Maryland Electric Cooperative (SMECO), among other electricity providers, to provide customers with additional smart metering options. Customers cited health-related concerns about certain smart metering technology and now will have the option of opting out of smart meter installations for an increased price. Click...
Pennsylvania Wind Farm Begins Commercial Operation
Posted on Jan 9, 2013 in Renewable Energy | Comments Off on Pennsylvania Wind Farm Begins Commercial Operation
A wind farm jointly owned by Sempra U.S. Gas & Power, LLC and BP Wind Energy has been placed in full commercial operation. The 141-MW wind farm, located in Mehoopany, Pennsylvania, will provide power to Old Dominion Electric Cooperative and Southern Maryland Electric Cooperative. The coops will each purchase the output of the facility under long-term power purchase agreements. ...
FERC Notes Coop Smart Grid Growth
Posted on Jan 8, 2013 in Energy Savings Programs, Environmental, Grid & Infrastructure, Innovation/Efficiency, Rates, Technology | Comments Off on FERC Notes Coop Smart Grid Growth
The use of smart grid technologies by coops is being recognized on a national level. A report issued in December 2012 by the Federal Energy Regulatory Commission (FERC) stated that coops are still national leaders in implementing advanced metering. According to the FERC report, advanced metering use among coops increased from 16.4 percent in 2008 to 24.7 percent in 2010 to 30.9...
Finnish Company to Supply Engines to Gas Plant in Texas
Posted on Jan 8, 2013 in Grid & Infrastructure, Project Development | Comments Off on Finnish Company to Supply Engines to Gas Plant in Texas
Finnish power company Wärtsilä has won a deal to supply 12 engines for a new 225-MW gas plant, the South Texas Electric Cooperative (STEC) Red Gate power plant, to be located in Hidalgo County, Texas. This plant is scheduled to be operational by summer 2014. Wärtsilä has supplied components to three other power plants in Texas, including a 200-MW facility at Pearsall, Texas, which...
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