CFC Report Provides National Overview of Renewable Energy Projects
Posted on Sep 25, 2012 in Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency | Comments Off on CFC Report Provides National Overview of Renewable Energy Projects
The National Rural Utilities Cooperative Finance Corporation (CFC) provided a report on the progress of various renewable energy projects at the National Renewables Cooperative Organization’s (NRCO) September meeting. John List, the CFC senior vice president of Member Services, discussed the funding behind current and future renewable energy projects. Mr. List reported that since...
Sutherland Coop Webinar Series – Webinar II: Current Issues in Energy Trading Agreements
Posted on Sep 14, 2012 in Corporate Governance, Financing, Regulation & Policy, Webinar | Comments Off on Sutherland Coop Webinar Series – Webinar II: Current Issues in Energy Trading Agreements
David McIndoe, Tom Warren and J.J. Kubicek discussed current topics in master agreements for physical and financial energy trading and highlighted best practices and pitfalls in negotiating ISDA, EEI and NAESB Agreements. The presentation included issues raised by new rules under the Dodd-Frank Act. To view the webinar, click here.
Refurbished Montana Plant Goes Online
Posted on Sep 10, 2012 in Financing, Grid & Infrastructure, Project Development | Comments Off on Refurbished Montana Plant Goes Online
The city of Whitefish, Montana, once again has its own hydroelectric plant. Last year, city officials negotiated a deal with an electric cooperative that outlined power delivery terms for a 20-year period, in two separate phases. The 30-year-old plant, which was recently rebuilt, now has a refurbished generator, turbine and controls. Flathead Electric Cooperative paid the city...
USDA Meets Goal for Smart Grid Funding
Posted on Sep 10, 2012 in Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Technology | Comments Off on USDA Meets Goal for Smart Grid Funding
Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture has reached its $250 million goal to finance smart grid technologies. The Secretary also said that nine rural electric cooperatives and utilities in 10 states will receive loan guarantees to make improvements to generation and transmission facilities and implement smart grid technologies. Click here to...
Michigan Coop to be Member-Regulated
Posted on Aug 29, 2012 in Corporate Governance, Financing | Comments Off on Michigan Coop to be Member-Regulated
The Michigan Public Service Commission has approved the transition of Presque Isle Electric & Gas Co-op (Presque Isle) to member-regulation in accordance with a resolution adopted by Presque Isle’s board. This transition was approved once Presque Isle met all prerequisites required for exercising authority over its rates, charges, accounting standards, billing practices, and terms...
Coops among Recipients of Rural Economic Development Grants and Loans
Posted on Aug 23, 2012 in Economic Downturn, Financing, Project Development, Regulation & Policy | Comments Off on Coops among Recipients of Rural Economic Development Grants and Loans
The United States Department of Agriculture recently announced the list of recipients of grants and zero-interest loans issued through the Rural Economic Development Loan and Grant program (REDLG), and several electric coops were among the recipients. The REDLG program aims to promote economic development in rural areas. Click here for more.
Alaska Coop Breaks Ground on New Plant
Posted on Aug 20, 2012 in Financing, Grid & Infrastructure, Land Use, Project Development | Comments Off on Alaska Coop Breaks Ground on New Plant
Matanuska Electric Association (MEA), Alaska’s oldest and second-largest electric cooperative, recently broke ground on a new plant site. The dual-fuel generation plant will sit on a 70-acre site northeast of Anchorage at Eklutna. MEA has been a CFC 100-percent Independent Borrower since 1995. Construction of the plant is being supported by bridge financing from the National...
Rate Increase for New Mexico Coop Customers on the Horizon
Posted on Aug 16, 2012 in Financing, Rates, Regulation & Policy | Comments Off on Rate Increase for New Mexico Coop Customers on the Horizon
The New Mexico Public Regulation Commission (PRC) approved a controversial rights-of-way agreement which will result in a rate increase for customers of Jemez Mountains Electric Cooperative. The PRC and members of the public had previously raised concerns that Native American tribes and other pueblos had not been properly notified of the negotiations leading up to the agreement. The...
Kentucky Coop Becomes CFC 100-Percent Borrower
Posted on Aug 13, 2012 in Financing | Comments Off on Kentucky Coop Becomes CFC 100-Percent Borrower
Nolin Rural Electric Cooperative Corporation, based in Elizabethtown, Kentucky, became the National Rural Utilities Cooperative Finance Corporation’s (CFC) latest 100-percent borrower. The coop took out its first loan with CFC in February 1972 and became a 100-percent borrower last month. To read more about the Nolin’s choice to become a 100-percent borrower, click here.
Coops in 18 States to Receive Federal Funding to Improve Services
Posted on Aug 10, 2012 in Financing, Grid & Infrastructure, Regulation & Policy | Comments Off on Coops in 18 States to Receive Federal Funding to Improve Services
Agriculture Secretary Tom Vilsack has announced that multiple rural electric utilities will receive loan guarantees to make improvements to electric lines and transmission facilities, and to reduce peak electric loads by deploying smart grid technologies. The funds include nearly $29 million in smart grid projects. Click here for a list of the rural utilities that will receive USDA...
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