Southern Montana’s Request for Restraining Order Against Member Rejected
Posted on May 13, 2011 in Corporate Governance, Litigation | Comments Off on Southern Montana’s Request for Restraining Order Against Member Rejected
Southern Montana Electric Generation & Transmission Cooperative, Inc. sought an injunction against Electric City Power, the municipal utility for the City of Great Falls, to stop it from terminating contracts with customers or delaying payment to Southern Montana. The court denied the request because it found that Electric City Power continues to pay Southern Montana and the...
Changes on the Horizon for the Nation’s Largest Coop
Posted on May 9, 2011 in Corporate Governance | Comments Off on Changes on the Horizon for the Nation’s Largest Coop
Two seats are up for grabs on the Pedernales Electric Cooperative Board of Directors, and six candidates are vying for the board positions. Over the next few weeks, coop members will review annual board election procedures in addition to voting for candidates. Also on the ballot is a referendum to determine whether an at-large electoral system should continue or a district-based...
New Mexico Coop Board Seeks Dismissal of Recall Petition
Posted on May 9, 2011 in Corporate Governance, Litigation | Comments Off on New Mexico Coop Board Seeks Dismissal of Recall Petition
An April 29 petition calling for the replacement of all but two members of the Kit Carson Electric Cooperative Board of Trustees faces dismissal after the Board filed a formal motion requesting a judge throw out the recall effort. The Board alleges the petition was signed under false pretenses by many of the signatories who believed it was a petition to prevent rate increases. Read the...
Petition to Recall a New Mexico Coop’s Board Members Filed
Posted on May 5, 2011 in Corporate Governance | Comments Off on Petition to Recall a New Mexico Coop’s Board Members Filed
On April 29, members of the Kit Carson Electric Cooperative filed a petition to replace 9 of the 11 trustees sitting on the coop’s board, charging, among other things, “breach of fiduciary duty.” Opponents to the petition argue that some signatories were unaware of what they were endorsing. The Taos News has the full story.
Missouri Coop Celebrates New $3 Million Home
Posted on May 2, 2011 in Corporate Governance, Rates | Comments Off on Missouri Coop Celebrates New $3 Million Home
Tri-County Electric Cooperative, Inc. recently moved into a new home. The coop chose to invest in the new building to replace its four former buildings, many of which had fallen into disrepair due to age. The board pursued repairing the older buildings, which ranged in age from 23-93 years, but it found a minimum cost of over $1 million. The board was able to secure interest rates...
Vermont Coop Rejects Nuclear Power Deal
Posted on Apr 28, 2011 in Corporate Governance, Permitting | Comments Off on Vermont Coop Rejects Nuclear Power Deal
The board of directors of the Vermont Electric Cooperative rejected a deal on Tuesday to purchase power from Entergy Corp’s Vermont Yankee nuclear power plant citing sufficient supplies to service customers for the near-term. The power plant faces a March 2012 shutdown date unless the state legislature renews the plant’s operating license or Entergy can win a legal battle...
Cobb Members Request FERC Investigation
Posted on Apr 27, 2011 in Corporate Governance | Comments Off on Cobb Members Request FERC Investigation
Two Cobb EMC members have asked the Federal Energy Regulatory Commission to investigate the Marietta, Georgia-based electric coop claiming that the coop failed to disclose material information. The Atlanta Journal-Constitution has additional details.
Legislation Regulating Pedernales Advances Out of Committee
Posted on Apr 27, 2011 in Corporate Governance | Comments Off on Legislation Regulating Pedernales Advances Out of Committee
Senate Bill 1743, which advanced out of the Texas Senate Committee on Business and Commerce on Tuesday, would mandate elections via single-member districts and require the Public Utilities Commission to approve all purchases of electric power generation equipment by Pedernales. See The Austin American-Statesman for the rest of the story.
North Carolina Mayor Organizing Opposition to ElectriCities’ Rate Hike
Posted on Apr 25, 2011 in Corporate Governance, Rates | Comments Off on North Carolina Mayor Organizing Opposition to ElectriCities’ Rate Hike
Cities in North Carolina are trying to organize opposition against ElectriCities’ rate increase by creating their own coop. New Bern, North Carolina, mayor Lee Bettis met with county officials and residents to explain how the city was trying to take advantage of the planned merger of Progress Energy and Duke Power. Bettis has been working since last January to organize fellow mayors...
Brewster’s Bid to Join Carroll Electric Board Fails
Posted on Apr 21, 2011 in Corporate Governance | Comments Off on Brewster’s Bid to Join Carroll Electric Board Fails
Carroll Electric announced Thursday that it had disqualified Marcie Brewster as a board candidate in the upcoming election next month. Brewster’s efforts to meet with cooperative officials Friday were unsuccessful. A petition drive supporting Brewster’s efforts failed by eight votes in Brewster’s district, according to Carroll Electric, and 224 of the 1,300 signatures collected were...
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