Coop Reporting Rules Modified by RUS
Posted on Sep 10, 2013 in Financing, Renewable Energy | Comments Off on Coop Reporting Rules Modified by RUS
The Rural Utilities Service (RUS) reportedly plans to remove disincentives to electric coop participation in relending activities that involve rural development loan programs and energy efficiency. This move is in response to a request by the National Rural Electric Cooperative Association that coop participation in certain loan and relending programs not lead to procedures that would...
NRECA Forming Cyber Security Task Force
Posted on Sep 9, 2013 in Innovation/Efficiency, Legislative & Politics, Regulation & Policy, Reliability, Technology | Comments Off on NRECA Forming Cyber Security Task Force
The National Rural Electric Cooperative Association (NRECA) is forming a task force to ensure that coops’ needs are met when cyber security regulations and legislation take shape and require coops to take responsibility for safeguarding their operations. The NRECA Cyber Security Task Force will focus on the implementation of cyber security standards by the North American Electric...
Oklahoma Coop Considering Merger
Posted on Sep 9, 2013 in Corporate Governance, Mergers/Acquisitions, Rates, Reliability | Comments Off on Oklahoma Coop Considering Merger
Canadian Valley Electric Cooperative (CVEC), based in Seminole, Oklahoma, has notified about 24,000 customers that it is contemplating a consolidation or joint operations with Central Rural Electric Cooperative, a 22,000 member coop based in Stillwater, Oklahoma. CVEC believes that a consolidation might offer rate stability for members through cost sharing of cooperative and utility...
CFC Announces Pilot Program with NRCO and Federated
Posted on Sep 9, 2013 in Financing, Renewable Energy, Technology | Comments Off on CFC Announces Pilot Program with NRCO and Federated
The National Rural Utilities Cooperative Finance Corporation (CFC) is working with the National Renewables Cooperative Organization (NRCO) and Federated Rural Electric Insurance Exchange (Federated) to promote a more efficient process for the development of solar projects by coops. NRCO will play a guiding role in the program by advising coops on project management, marketing and...
USDA Announces $11 Million in Loan Guarantees for Smart Grid Improvements
Posted on Sep 9, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Regulation & Policy, Technology | Comments Off on USDA Announces $11 Million in Loan Guarantees for Smart Grid Improvements
At a recent regional meeting of the National Rural Electric Cooperative Association, Agriculture Secretary Tom Vilsack highlighted the U.S. Department of Agriculture’s (USDA) funding of projects across eight states, including $11 million in loan guarantees for smart grid improvements. See the USDA press release for a complete list of projects.
Washington Company Earns Large Energy Savings Rebate
Posted on Sep 4, 2013 in Energy Savings Programs, Environmental, Innovation/Efficiency | Comments Off on Washington Company Earns Large Energy Savings Rebate
Plum Creek Timber Company (Plum Creek), based in Seattle, Washington, received a $386,635 energy savings incentive check from Flathead Electric Cooperative (FEC) of Montana and the Bonneville Power Administration (BPA), a federal non-profit agency based in the Pacific Northwest. Plum Creek became eligible for this rebate under the FEC/BPA Energy Smart Industrial Program for an energy...
Minnesota Coop to Purchase Alliant Distribution Business
Posted on Sep 4, 2013 in Mergers/Acquisitions | Comments Off on Minnesota Coop to Purchase Alliant Distribution Business
Alliant Energy has announced plans to sell its electric and natural gas distribution business in Minnesota for $128 million. Pending regulatory approval, Southern Minnesota Energy Cooperative (SMEC) has agreed to acquire Alliant’s territory in southern Minnesota, which will add approximately 43,000 customers to the 12 SMEC member cooperatives. To read more about this story, click...
Coops Urge EPA to Accept Wyoming’s Haze Pollution Plan
Posted on Sep 3, 2013 in Climate Change, Environmental, Rates, Regulation & Policy | Comments Off on Coops Urge EPA to Accept Wyoming’s Haze Pollution Plan
If coops and the National Rural Electric Cooperative Association get their way, Wyoming’s plan to control haze from the power sector will be fully approved as compliant with federal law. Comments submitted to the Environmental Protection Agency (EPA) argue that Wyoming’s approach is reasonable, and electric coop consumer-members would pay more than necessary if the EPA goes forth with...
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