USDA Announces $11 Million in Loan Guarantees for Smart Grid Improvements
Posted on Sep 9, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Regulation & Policy, Technology | Comments Off on USDA Announces $11 Million in Loan Guarantees for Smart Grid Improvements
At a recent regional meeting of the National Rural Electric Cooperative Association, Agriculture Secretary Tom Vilsack highlighted the U.S. Department of Agriculture’s (USDA) funding of projects across eight states, including $11 million in loan guarantees for smart grid improvements. See the USDA press release for a complete list of projects.
CFTC Approves Clearing Exemption for Certain Coops
Posted on Aug 22, 2013 in Financing, Regulation & Policy | Comments Off on CFTC Approves Clearing Exemption for Certain Coops
The Commodity Futures Trading Commission (CFTC) issued a final rule to exempt swaps entered into by certain coops from the clearing requirement. The exemption is subject to several conditions, including that it applies only to swaps entered into (i) in connection with origination loans to coop members, or (ii) to hedge commercial risk related to these loans or swaps with members. The...
Arkansas Coop Enters Wind Agreement
Posted on Jul 31, 2013 in Environmental, Financing, Project Development, Renewable Energy | Comments Off on Arkansas Coop Enters Wind Agreement
RES Americas and Arkansas Electric Cooperative Corporation (AECC) have entered into a 20-year power purchase agreement, which will result in the construction of 75 new wind turbines in two Oklahoma counties. The 150-MW Origin Wind Project, which is slated to begin operations by late 2014, will add to the 51 MW of wind capacity acquired by AECC through a 2012 power purchase agreement. ...
Alaska Coop Seeking to Partner with State on Developing LNG Plant
Posted on Jul 30, 2013 in Financing, Grid & Infrastructure, Permitting | Comments Off on Alaska Coop Seeking to Partner with State on Developing LNG Plant
Alaska’s Golden Valley Electric Association is one of four entities seeking to partner with the state in developing a small LNG plant at Prudhoe Bay, a spokesman for the Alaska Industrial Development and Export Authority said. The proposed LNG plant would process 9 billion cubic feet of gas per year and ship 300,000 gallons of LNG per day by truck to Fairbanks in Interior Alaska. For...
USDA Announces Latest Round of Funding for Rural Electric Projects
Posted on Jul 18, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Regulation & Policy, Technology | Comments Off on USDA Announces Latest Round of Funding for Rural Electric Projects
The U.S. Department of Agriculture (USDA) recently announced more than $188 million in loan guarantees to upgrade the rural electric grid, including more than $18 million for smart grid initiatives. This latest round of funding is part of a larger USDA effort to improve the reliability and affordability of rural electric service. Click here for the full story.
Arkansas Coop Extends $250 Million Syndication with CFC
Posted on Jun 26, 2013 in Financing, Grid & Infrastructure | Comments Off on Arkansas Coop Extends $250 Million Syndication with CFC
Arkansas Electric Cooperative Corporation recently closed an Amend and Extend agreement with the National Rural Utilities Cooperative Financing Corporation (CFC), locking in current pricing and extending the maturity date of its $250 million credit facility to June 2016. Both parties were pleased with the speed and efficiency of utilizing the Amend and Extend transaction, which was...
USDA Announces More Than $356 Million in Coop Loans
Posted on Jun 13, 2013 in Financing, Grid & Infrastructure, Regulation & Policy | Comments Off on USDA Announces More Than $356 Million in Coop Loans
The U.S. Department of Agriculture (USDA) recently announced its latest round of funding for rural electric projects. The funding totals more than $356 million in loans and includes more than $15 million for smart grid investments. Click here to learn more about the coops that will receive the funding and the projects contemplated.
House Subcommittee Rejects Administration’s RUS Limitations
Posted on Jun 6, 2013 in Financing, Grid & Infrastructure, Legislative & Politics | Comments Off on House Subcommittee Rejects Administration’s RUS Limitations
A House subcommittee supports a bill providing $4 billion to the Rural Utilities Service (RUS) loan program but opposes limitations on that amount proposed by the Obama Administration. The Administration would allocate $3 billion for renewable-energy-related projects and the remaining $1 billion to environmental upgrade projects. The House subcommittee would provide more flexibility...
D.C. Circuit Court Lacks Jurisdiction to Hear Coop’s Appeal
Posted on May 29, 2013 in Environmental, Financing, Litigation | Comments Off on D.C. Circuit Court Lacks Jurisdiction to Hear Coop’s Appeal
The U. S. Court of Appeals for the District of Columbia Circuit ruled earlier this week that it does not have jurisdiction to hear Sunflower Electric Power Corporation’s appeal of a district court ruling related to the failure of the U.S. Department of Agriculture (USDA) to prepare an environmental impact statement in connection with Sunflower’s expansion of a coal-fired power plant...
NRECA International to Form New Electric Utility in Haiti
Posted on May 28, 2013 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability | Comments Off on NRECA International to Form New Electric Utility in Haiti
The United States Agency for International Development awarded NRECA International Ltd. a $24 million contract to form a new electric utility in Haiti under the Haiti Pilot Project for Sustainable Electricity Distribution. The proposed utility would be the only utility in Haiti providing continuous power, 24 hours a day, seven days a week. For more information about this project, and...
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