Montana Coops Negotiating New Payment Plans with Oil Companies
Posted on Mar 5, 2012 in Economic Downturn, Financing, Grid & Infrastructure | Comments Off on Montana Coops Negotiating New Payment Plans with Oil Companies
Some Montana coops are changing the way they structure payment plans with oil companies that need their oil well sites to be electrified. Lower Yellowstone Rural Electric Association (LYREA) is requiring payment up front from the oil companies rather than allowing payment through the monthly electricity rate. The cost of making payments all at once can add up; costs can reach about $60,000 per mile for line. In 2011, LYREA installed between 75 to 80 miles of line. To read more about the evolving payment requirements, click here.
