G&Ts Work Together to Negotiate Indentures
Posted on Sep 30, 2013 in Corporate Governance, Financing | Comments Off on G&Ts Work Together to Negotiate Indentures
A group of 10 regional generation and transmission (G&T) cooperatives recently worked with the Rural Utilities Service (RUS) to convert existing mortgages to indentures, facilitating easier access to private financing for the electric coops they serve in Missouri, Oklahoma, Iowa, North Dakota, and South Dakota. Through the conversions, which were successful in part due to the...
Coop Uses Crowdfunding to Create Additional Wind Power
Posted on Sep 30, 2013 in Climate Change, Environmental, Financing, Project Development, Renewable Energy | Comments Off on Coop Uses Crowdfunding to Create Additional Wind Power
East River Electric Cooperative (EREC), a supplier of electric power for rural areas of South Dakota and Minnesota, is using crowdfunding to add more wind power to its portfolio. Crowdfunding is a new method through which many writers, artists, designers, and entrepreneurs get their projects funded by strangers. EREC crowdfunded from the communities it serves to finance a portion of...
NRECA Receives $3.6 Million Cyber Security Grant
Posted on Sep 25, 2013 in Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Regulation & Policy, Reliability, Technology | Comments Off on NRECA Receives $3.6 Million Cyber Security Grant
The Department of Energy recently awarded the National Rural Electric Cooperative Association (NRECA) a $3.6 million grant to be used to develop advanced cyber security technology to assist rural cooperatives in monitoring and securely managing their systems from changing threats. NRECA will work with Pacific Northwest National Laboratory, Carnegie Mellon University, Honeywell...
Nevada Coop May Power Creech Air Force Base
Posted on Sep 24, 2013 in Litigation | Comments Off on Nevada Coop May Power Creech Air Force Base
NV Energy may be on the verge of giving up its role as the direct source of electricity to Creech Air Force Base, which is located north of Las Vegas. The role would be shared with Nevada coop Valley Electric Association (VEA), which would operate the switches, transformers, and distribution lines to the base in connection with a federal contract it won. NV Energy had filed a...
Coop Action Plan for EPA Regs
Posted on Sep 24, 2013 in Climate Change, Environmental, Regulation & Policy, Technology | Comments Off on Coop Action Plan for EPA Regs
The National Rural Electric Cooperative Association (NRECA) plans to enlist the support of electric coops and their members nationwide to deal with proposed regulations for future power plants that are built. The new Cooperative Action Network website seeks to organize this movement. NRECA will seek coop input as it develops comments on the Environmental Protection Agency’s...
Coops Continue to Take on EPA’s New Climate Plan
Posted on Sep 24, 2013 in Climate Change, Environmental, Regulation & Policy, Technology | Comments Off on Coops Continue to Take on EPA’s New Climate Plan
Representatives of electric coops across the country are trying to get the following message across on the Environmental Protection Agency’s (EPA) rulemaking announced September 20: This rulemaking is not feasible and prohibitively expensive. Specifically, the EPA’s rulemaking implementing the Clean Air Act requires future coal-based generation to employ carbon capture and storage...
Coop Industry Group Seeks Reconsideration of Wastewater Rule
Posted on Sep 23, 2013 in Environmental, Regulation & Policy | Comments Off on Coop Industry Group Seeks Reconsideration of Wastewater Rule
The National Rural Electric Cooperative Association (NRECA) has asked the Environmental Protection Agency (EPA) to reconsider its proposed guidelines for wastewater discharges from coal generation. According to NRECA, the EPA should carefully consider the cost effectiveness of the pending effluent limitations guidelines and especially their potential impact on smaller power...
Louisiana Coop Looks to Grow With CFC Financing Deal
Posted on Sep 23, 2013 in Financing, Grid & Infrastructure | Comments Off on Louisiana Coop Looks to Grow With CFC Financing Deal
Jefferson Davis Electric Cooperative (JDEC), based in Jennings, Louisiana, has refinanced more than $10.7 million in outstanding debt with other lenders, becoming a 100-percent National Rural Utilities Cooperative Finance Corporation (CFC) borrower. JDEC is expecting substantial growth over the next decade as a result of the ongoing boom in domestic natural gas production. Click here...
Distribution Coop Approves Community Solar Initiative
Posted on Sep 21, 2013 in Corporate Governance, Project Development, Rates, Regulation & Policy, Renewable Energy | Comments Off on Distribution Coop Approves Community Solar Initiative
The board of La Plata Electric Association (LPEA), based in Colorado, recently approved a program where 10 or more members can apply to develop a community solar garden and sell the power back to the coop. LPEA is accepting proposals through year’s end. The Durango Herald has the full story.
Montana Coop to Purchase Energy from Biomass Facility
Posted on Sep 21, 2013 in Renewable Energy, Technology | Comments Off on Montana Coop to Purchase Energy from Biomass Facility
Flathead Electric Cooperative, Inc. recently entered into a 20-year power purchase agreement with Stoltze Lumber. Sized at approximately 2.5 MW, the biomass facility will use woodchips, sawdust, and bark to create steam which is used in the process of drying lumber and also to generate electricity. KAJ News has the full story.
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