Litigation Update on 14 Patronage Capital Cases in Eight States
Posted on Aug 28, 2013 in Corporate Governance, Derivative Suits, Litigation, Patronage Capital | Comments Off on Litigation Update on 14 Patronage Capital Cases in Eight States
Since 2009, at least 14 cases have been filed against electric cooperatives over patronage capital (or capital credits) in eight states: Alabama, Arkansas, Georgia, Missouri, New Mexico, North Carolina, South Carolina, and Texas. Sutherland has previously issued Legal Alerts regarding these cases—most are in active litigation, some have apparently settled (or are close to settling),...
Iowa Coops Agree to Joint Management
Posted on Aug 16, 2013 in Corporate Governance, Mergers/Acquisitions | Comments Off on Iowa Coops Agree to Joint Management
Grundy County Rural Electric Cooperative and Franklin Rural Electric Cooperative recently agreed that Francis Buckel will now serve as general manager of both cooperatives. See the Waterloo Cedar Falls Courier for more.
Maryland Coop Tops Rankings In J.D. Power Survey
Posted on Jul 25, 2013 in Corporate Governance, Reliability | Comments Off on Maryland Coop Tops Rankings In J.D. Power Survey
For the sixth consecutive year, Southern Maryland Electric Cooperative topped out the rankings among mid-sized utilities in the J.D. Power Electric Utility Residential Customer Satisfaction Study. The study, now in its 15th year, measures customer satisfaction with electric utility companies by examining six factors: power quality and reliability; price; billing and payment; corporate...
Oregon Utilities Consider Territory Transfer
Posted on Jul 25, 2013 in Corporate Governance, Grid & Infrastructure | Comments Off on Oregon Utilities Consider Territory Transfer
The Eugene Water & Electric Board (EWEB), an Oregon municipal utility, is considering transferring a portion of its McKenzie River Valley service territory to Lane Electric Cooperative (Lane Electric). The transfer will only occur if EWEB and Lane Electric determine that such a transfer would make “technical, operational, business and customer sense.” Both EWEB and Lane Electric...
Pedernales Names New CEO
Posted on Jun 18, 2013 in Corporate Governance, Grid & Infrastructure | Comments Off on Pedernales Names New CEO
John Hewa, vice president of research, engineering and technical services for the National Rural Electric Cooperative Association, has been chosen to take the reins at Pedernales Electric Cooperative, Inc., the nation’s largest distribution electric coop. Hewa’s appointment as chief executive officer is effective July 22. In his new role, Hewa will be responsible for 250,000 meters...
Illinois Coops Merge
Posted on May 7, 2013 in Corporate Governance, Grid & Infrastructure, Mergers/Acquisitions | Comments Off on Illinois Coops Merge
Two Illinois electric coops, Jo-Carroll Energy, Inc. and Farmers Mutual Electric Company, have merged. The integrated coop, Jo-Carroll Energy, will serve a combined 21,372 electric members and will be a 100-percent National Rural Utilities Cooperative Finance Corporation borrower. Click here for more.
Kansas Coop Votes on Whether to be Self-Regulated
Posted on Apr 29, 2013 in Corporate Governance, Legislative & Politics, Regulation & Policy | Comments Off on Kansas Coop Votes on Whether to be Self-Regulated
Members of Midwest Energy, a gas and electric coop, are voting on whether they want the Kansas Corporation Commission to continue having regulatory authority over their coop. The coop expects to realize a number benefits if its members approve giving authority to a local board of directors and operating as a self-regulated entity. If approved, Midwest Energy would be the 27th out of...
Coop Enters the Computer Repair Business
Posted on Apr 9, 2013 in Corporate Governance, Project Development, Technology | Comments Off on Coop Enters the Computer Repair Business
Wyoming-based High West Energy, Inc., is getting into the computer repair business, through new subsidiary High West Digital Solutions. The coop, which provides electricity to 10,000 customers in Wyoming, Nebraska and Colorado, believes there is unmet demand for computer repair services in its geographical area. High West Digital Solutions will repair computers, remove viruses, build...
Missouri Coop to Shut Down Chamois Power Plant
Posted on Mar 8, 2013 in Corporate Governance, Environmental | Comments Off on Missouri Coop to Shut Down Chamois Power Plant
Central Electric Power Cooperative’s (Central) board has decided to cease operations at the Chamois Power Plant in Missouri effective September 30. Since 1962, Associated Electric Cooperative, Inc. (AECI), the wholesale supplier of Central, has been paying all of the expenses of the plant in exchange for a right to all of the output. The plant is the smallest and the oldest of AECI’s...
PSC Ends Management Review of Kentucky Coop
Posted on Feb 20, 2013 in Corporate Governance, Regulation & Policy | Comments Off on PSC Ends Management Review of Kentucky Coop
On February 19, the Kentucky Public Service Commission (PSC) announced that it had ended its management review of East Kentucky Power Cooperative (EKPC). The PSC commended EKPC for its efforts to implement recommendations made an outside consulting group’s management audit in 2010. Read more here.
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