Coop Helps With Marketing of Paulding Northwest Atlanta Airport and Nearby Industrial Park
Posted on Aug 6, 2011 in Corporate Governance, Economic Downturn, Project Development, Regulation & Policy, Reliability | Comments Off on Coop Helps With Marketing of Paulding Northwest Atlanta Airport and Nearby Industrial Park
Greystone Power Corp., a Georgia electric membership cooperative, is working with county officials to promote the growth of aviation-related business at the airport and the adjacent 10,000-acre industrial park. The coop is highlighting its history of reliable electric service and its connections to state and local business leaders as a way to draw attention to the business development...
Oklahoma Cooperative Chooses Not to Suspend Service for Nonpayment
Posted on Aug 3, 2011 in Economic Downturn | Comments Off on Oklahoma Cooperative Chooses Not to Suspend Service for Nonpayment
In light of high temperatures into the foreseeable future, Oklahoma Electric Cooperative, which has 10,000 customers in Norman, Oklahoma, has decided that it will not suspend service to customers due to nonpayment. The Norman Transcript has additional details.
Copper Thefts on the Rise, New Laws May Result in New Hampshire
Posted on Jul 25, 2011 in Economic Downturn, Legislative & Politics | Comments Off on Copper Thefts on the Rise, New Laws May Result in New Hampshire
New Hampshire may adopt a new law that would require salvage businesses, such as scrap metal companies, to obtain driver’s license information from anyone attempting to sell copper. Copper thefts are on the rise in New Hampshire, and three separate incidents occurred in the last five weeks. State-level oversight would promote uniformity because current local ordinances (if any) vary on...
Coop Offers Early Retirement Packages to Cut Costs
Posted on Jul 19, 2011 in Economic Downturn, Environmental | Comments Off on Coop Offers Early Retirement Packages to Cut Costs
The Craig-Botetourt Electric Cooperative has offered early retirement to more than one-third of its employees as a cost cutting measure intended to keep rates lower. Full-time employees 54 or older were offered “voluntary special early retirement,” which includes insurance coverage through April 30, 2012, and a retraining program for anyone who wants to re-enter the workforce. The...
Coop Offers Reward for Information on Copper Theft
Posted on Jul 15, 2011 in Economic Downturn | Comments Off on Coop Offers Reward for Information on Copper Theft
In response to two break-ins this summer, New Hampshire Electric Cooperative is offering a cash reward to anyone with information that leads to the arrest and conviction of the responsible person or persons. The coop has also increased security in an effort to combat this ongoing problem. The Union Leader has the full story.
Coop’s Possible Electric Service Purchase May Reduce Rates
Posted on Jun 28, 2011 in Economic Downturn, Rates | Comments Off on Coop’s Possible Electric Service Purchase May Reduce Rates
The City of Dover is considering selling its electric service to the Delaware Electric Cooperative. The sale may reduce electric bills in Dover by 25 percent due to the Coop’s rate structure and help boost economic growth in the surrounding county. Click here for details.
City of Victoria Renews Tax Abatement Program Citing Coop as Example of the Program’s Success
Posted on Jun 20, 2011 in Economic Downturn, Land Use, Legislative & Politics | Comments Off on City of Victoria Renews Tax Abatement Program Citing Coop as Example of the Program’s Success
When Victoria first adopted its tax abatement program in 2001, it was one of the reasons that South Texas Electric Cooperative decided to keep its plant in Victoria. Proponents of the tax abatement program point to the coop’s $126-million investment as evidence that offering property tax breaks through the program stimulates the local economy. The Victoria Advocate has the full...
Alaska Coop Makes Progress On Tapping Alternative Power Source
Posted on Jun 13, 2011 in Economic Downturn, Environmental, Project Development | Comments Off on Alaska Coop Makes Progress On Tapping Alternative Power Source
Naknek Electric Association, which serves the Bristol Bay area in Southwest Alaska, has received some positive news about its geothermic drilling project. GeothermEx has assessed the coop’s first well and concluded the utility is on its way toward a geothermal project that could prove to be economically sensible. The well can produce geothermal fluid at a temperature of 190 degrees,...
CFC Study Shows Coops’ Key Financial Ratios Improving in 2010
Posted on May 13, 2011 in Economic Downturn, Rates | Comments Off on CFC Study Shows Coops’ Key Financial Ratios Improving in 2010
In its annual study, the National Rural Utilities Cooperative Finance Corporation (CFC) found that electricity sales increased, consumers continued to reliably pay their bills, and coops’ average times interest earned ratio increased from 2.27 to 2.42. See the CFC press release for more on how these factors strengthened coops’ finances.
Coop Membership is Expanding Faster Than Overall Population Growth
Posted on Apr 5, 2011 in Economic Downturn, Regulation & Policy | Comments Off on Coop Membership is Expanding Faster Than Overall Population Growth
With most of the nation’s population growth occurring in the western and southern states, coops that serve suburban and other neighboring areas have seen significant increases in the number of customers in their service areas. This rate of growth is expected to continue so long as population centers in the south and west continue to grow at rates in excess of the national population...
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