New Mexico Coop Seeks Funding to Prevent Takeover, Will Pay Out Capital Credits
Posted on May 30, 2014 in Corporate Governance | Comments Off on New Mexico Coop Seeks Funding to Prevent Takeover, Will Pay Out Capital Credits
Socorro Electric Cooperative (Socorro Electric) is looking for approximately $250,000 from the National Rural Utilities Cooperative Finance Corporation’s Cooperative System Integrity Fund (Fund) to help the coop ward off a takeover by the city of Socorro, New Mexico. The Fund is intended to help rural coops whose service territories may be threatened. Additionally, Socorro Electric...
Florida City Considers Municipal Utility Model
Posted on May 30, 2014 in Regulation & Policy | Comments Off on Florida City Considers Municipal Utility Model
With a 30-year franchise agreement with Lee County Electric Cooperative coming to an end in September 2016, the city of Cape Coral, Florida, will consider whether taking control of power distribution in the form of a municipal electric utility is feasible and desirable. The city council voted to move forward with initial investigative efforts earlier this week. The News-Press has the...
U.S. Supreme Court Declines to Hear Controversy Over EPA Haze Authority
Posted on May 28, 2014 in Environmental, Legislative & Politics, Litigation, Regulation & Policy, Reliability | Comments Off on U.S. Supreme Court Declines to Hear Controversy Over EPA Haze Authority
The U.S. Supreme Court denied petitions from North Dakota and Oklahoma challenging the U.S. Environmental Protection Agency’s (EPA) decisions to prioritize the respective states’ emissions control plans in favor of a federal plan. In separate cases, the states claimed that the EPA’s action undermines the state-federal relationship outlined by the Clean Air Act. For more on the cases...
Senate Agriculture Committee Raises Concerns about Proposed RUS Environmental Regulation
Posted on May 28, 2014 in Environmental, Financing, Legislative & Politics, Patronage Capital, Regulation & Policy, Renewable Energy | Comments Off on Senate Agriculture Committee Raises Concerns about Proposed RUS Environmental Regulation
In its report accompanying spending legislation for fiscal year 2015, the Senate Agriculture Committee has directed the U.S. Department of Agriculture’s (USDA) Rural Development office to provide a report on the impact of a controversial regulation proposed by the USDA. The regulation at issue would reclassify all loan transactions for Rural Utilities Service (RUS) borrowers as “major...
Proposed CFTC Regulations May Affect Coops
Posted on May 28, 2014 in Regulation & Policy | Comments Off on Proposed CFTC Regulations May Affect Coops
The Commodity Futures Trading Commission (CFTC) is proposing to amend its swap dealer regulations for entities entering into swaps with utility special entities. Click here to read the press release, which includes three actions intended to protect liquidity for end-users, a term that would typically include coops. Read more here.
Massachusetts Coop Gets Additional Funding
Posted on May 22, 2014 in Financing, Renewable Energy | Comments Off on Massachusetts Coop Gets Additional Funding
With a grant of $403,455, Cape & Vineyard Electric Cooperative recently received its final piece of financial support thanks to the Cape Light Compact. The coop was formed in 2007 with a focus on renewables and has nearly 29 MW of solar energy projects either online or under construction. For more information, click here.
Power Plant Emissions Regulations Are Around the Corner
Posted on May 20, 2014 in Climate Change, Environmental, Legislative & Politics, Regulation & Policy | Comments Off on Power Plant Emissions Regulations Are Around the Corner
Final regulations for capping greenhouse gas emissions from existing power plants are expected to be unveiled in June 2014. The regulations provide that new coal-fired plants would limit emissions to within 1,100 pounds of carbon dioxide per megawatt-hour. However, the plants would have the flexibility of choosing to average their emissions over several years if they agree to adhere...
North Carolina Coop to Own Share of New South Carolina Gas Plant
Posted on May 20, 2014 in Grid & Infrastructure, Permitting, Project Development | Comments Off on North Carolina Coop to Own Share of New South Carolina Gas Plant
North Carolina Electric Membership Corporation will own 100 megawatts of a new 750-MW, combined-cycle natural gas plant being constructed in South Carolina by Duke Energy Inc. (Duke Energy). Duke Energy has received regulators’ approval to build the plant at the site of one of its existing power stations, where three coal-fired units—expected to be retired shortly or converted to...
State Regulators Approve 200-Mile Transmission Line for Basin Electric
Posted on May 16, 2014 in Grid & Infrastructure, Innovation/Efficiency, Permitting, Project Development, Regulation & Policy, Renewable Energy | Comments Off on State Regulators Approve 200-Mile Transmission Line for Basin Electric
The North Dakota Public Service Commission recently approved Basin Electric Power Cooperative’s (Basin Electric) proposed 200-mile, 345-kV transmission line. The new transmission line will improve connections between the Antelope Valley Station and newly signed wind farm contracts and the coop’s members in other parts of the state. Electric Co-op Today has more on this...
Cobb EMC Purchases Solar
Posted on May 15, 2014 in Project Development, Renewable Energy | Comments Off on Cobb EMC Purchases Solar
Cobb Electric Membership Corporation (Cobb EMC), a Georgia coop, is purchasing the full 7.7-MW output of the Azalea Solar project under a 25-year power purchase agreement. Click here to learn more about this project development.
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