New Study Finds Credit Quality of G&T Coops on the Rise
Posted on Dec 14, 2012 in Financing | Comments Off on New Study Finds Credit Quality of G&T Coops on the Rise
Kroll Bond Rating Agency recently released the results of a multi-month study related to its development of a new rating methodology for rural generation and transmission (G&T) cooperatives. The study found that the credit quality and strength of G&Ts have improved significantly over the past 20 years. The findings also indicated that many market participants give...
Hawaii Regulators Approve Kaua’i Island Solar Power Purchase Agreement
Posted on Dec 11, 2012 in Climate Change, Environmental, Financing, Project Development, Rates, Renewable Energy | Comments Off on Hawaii Regulators Approve Kaua’i Island Solar Power Purchase Agreement
The Hawaii Public Utilities Commission has approved a 20-year power purchase agreement between the Kaua’i Island Utility Cooperative and REC Solar for its 300-kilowatt, MP2 Hawaii Solar Project in Koloa. This will be the 36th-largest renewable energy project in Hawaii. Read more here.
Alaskan Coop to Move Forward with LNG Project
Posted on Nov 29, 2012 in Financing, Legislative & Politics, Project Development | Comments Off on Alaskan Coop to Move Forward with LNG Project
Golden Valley Electric Association plans to move forward with a liquefied natural gas project after the termination of its joint venture with Flint Hills Resources. However, construction of the proposed $200 million plant will largely depend on whether Golden Valley can secure a state grant. The state governor is also considering an alternative plan under which the state would build...
Texas Coop Finalizes Financing for Biomass Plant
Posted on Oct 22, 2012 in Financing, Project Development | Comments Off on Texas Coop Finalizes Financing for Biomass Plant
East Texas Electric Cooperative, based in Nacogdoches, Texas, has finalized long-term financing for a 49.9-MW biomass plant currently under construction. The coop will fund the project with $55 million in Clean Renewable Energy Bonds issued by the National Rural Utilities Cooperative Finance Corporation and a loan from the Rural Utilities Service through the Federal Financing Bank. ...
Public Regulation Commission Rescinds Internet Spin-off Order
Posted on Oct 17, 2012 in Financing, Legislative & Politics, Regulation & Policy | Comments Off on Public Regulation Commission Rescinds Internet Spin-off Order
On October 16, the Public Regulation Commission (PRC) voted to rescind an order it made last year requiring Kit Carson Electric Cooperative (Kit Carson) to spin-off its Internet division in order to protect electric ratepayers from potential losses. Kit Carson did not provide official notice of the PRC order to the Rural Utilities Service (RUS), and as a result, RUS instituted a...
NRECA Supports Delay of Dodd-Frank Rulemakings
Posted on Oct 11, 2012 in Financing, Regulation & Policy | Comments Off on NRECA Supports Delay of Dodd-Frank Rulemakings
The National Rural Electric Cooperative Association (NRECA) filed comments requesting that the Commodity Futures Trading Commission delay the effective dates of its rulemakings implementing new financial reform under the Dodd-Frank Act. The NRECA noted that no-action relief is necessary while uncertainty surrounding the rules and regulations persist. Without such relief, market...
Oklahoma Coop Becomes Latest 100-Percent CFC Borrower
Posted on Oct 8, 2012 in Financing, Reliability | Comments Off on Oklahoma Coop Becomes Latest 100-Percent CFC Borrower
Cimarron Electric Cooperative (Cimarron Electric), based in Kingfisher, Oklahoma, has closed on long-term financing from the National Rural Utilities Cooperative Finance Corporation (CFC), becoming the CFC’s latest 100-percent borrower. Cimarron Electric has enjoyed continued growth in the past few years due to renewed oil and gas production and saw CFC as a useful partner in helping...
USDA Announces Continued Funding and Support for Rural Electric Systems
Posted on Oct 5, 2012 in Financing, Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Project Development, Technology | Comments Off on USDA Announces Continued Funding and Support for Rural Electric Systems
In a speech before the National Rural Electric Cooperative Association, Under Secretary for Rural Development Dallas Tonsager announced that the U.S. Department of Agriculture (USDA) will continue to make funding available for modernization and efficiency improvements, including smart grid technologies. This announcement follows USDA’s success in meeting its goal to finance $250...
Wisconsin Coop Receives Huge Federal Loan Guarantee for Renewable Power
Posted on Oct 4, 2012 in Climate Change, Environmental, Financing, Renewable Energy, Technology | Comments Off on Wisconsin Coop Receives Huge Federal Loan Guarantee for Renewable Power
Dairyland Power Cooperative (Dairyland) was awarded a $261.9 million loan guarantee from the federal government to reduce environmental impacts, update technology and improve distribution in a swath of the rural Midwest. Renewable energy sources make up about 12 percent of Dairyland’s electricity sales, which exceeds the state’s 2015 requirement that all Wisconsin utilities have at...
Kentucky PSC Accepts Settlement in Big Rivers Environmental Case
Posted on Oct 3, 2012 in Environmental, Financing, Legislative & Politics, Litigation, Rates, Regulation & Policy | Comments Off on Kentucky PSC Accepts Settlement in Big Rivers Environmental Case
The Kentucky Public Service Commission (Kentucky PSC) has accepted a regarding a proposed environmental compliance plan and environmental surcharge request submitted by Big Rivers Electric Corporation (Big Rivers). Under the proposed plan, Big Rivers will not be required to construct the most costly emission control projects from its original plan, reducing the total cost from $283.5...
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