Coops’ Financial Positions Remain Strong According to 2011 Key Ratio Trend Analysis
Posted on May 4, 2012 in Financing | Comments Off on Coops’ Financial Positions Remain Strong According to 2011 Key Ratio Trend Analysis
Although load growth remains tepid, the various financial ratios that are used to evaluate the financial strength of coops continue to improve. According to the annual Key Ratio Trend Analysis by the National Rural Utilities Cooperative Finance Corporation (CFC), equity as a percent of assets increased to a five-year high of 42.24, percent and payments from consumers remained...
Carbon Dioxide Rules Unlikely to Affect Coop Credit Quality
Posted on Apr 30, 2012 in Climate Change, Environmental, Financing, Regulation & Policy | Comments Off on Carbon Dioxide Rules Unlikely to Affect Coop Credit Quality
According to a report from Standard & Poor’s Research (S&P), the proposed U.S. Environmental Protection Agency (EPA) restrictions on carbon dioxide emissions from new coal plants are unlikely to affect the credit quality of electric cooperatives. The EPA has proposed new emissions restrictions that will require modification at some coal-fired plants. The S&P report...
Kansas Coops Become 100-Percent Borrowers of CFC
Meade-based CMS Electric Cooperative, Inc. and nearby Pratt-based Ninnescah Rural Electric Cooperative, Inc. have both closed deals to become 100-percent borrowers of the National Rural Utilities Cooperative Finance Corporation (CFC). Both coops cited CFC’s high level of customer service and the low interest rates and savings that CFC could provide by refinancing their existing debt...House Bill Offers Coop Lenders Relief from Dodd-Frank
Posted on Apr 26, 2012 in Financing, Legislative & Politics, Regulation & Policy | Comments Off on House Bill Offers Coop Lenders Relief from Dodd-Frank
The Small Business Credit Availability Act passed the U.S. House of Representatives this week and moves on to the Senate. The bill would revise the Dodd-Frank Act to exempt smaller banks, including those offering financing to rural coops, from certain provisions of the major regulatory reform law. With less red tape and new costs to deal with, smaller banks and similar financial...
New York Regulator Approves Low-Cost Power Incentive Deal for Aerospace Company
Posted on Apr 23, 2012 in Energy Savings Programs, Financing, Legislative & Politics | Comments Off on New York Regulator Approves Low-Cost Power Incentive Deal for Aerospace Company
The New York Power Authority (NYPA) Board of Trustees has approved an allocation of 2,300 kilowatts of low-cost power for the Amphenol Aerospace Operations of Sidney, New York. The $20 million incentive package to Amphenol is intended to keep the company in Sidney and save nearly 1,000 jobs. The power allocation request was submitted to NYPA by the Delaware County Electric...
Investment Fund Provides New Financing for Coal Plant in Georgia
Posted on Apr 20, 2012 in Financing, Permitting, Project Development | Comments Off on Investment Fund Provides New Financing for Coal Plant in Georgia
Power4Georgians, a group of electric cooperatives, signed a letter of intent with Taylor Energy Fund LLC to provide financing for a 40% stake in Plant Washington, an 850-MW, coal-fired facility, after Cobb EMC withdrew from the project early this year. The financing comes at a key time in the project development process. Power4Georgians recently reached an agreement with...
National Rural Utilities Cooperative Finance Corporation Makes First Loan Sale to Bank
Posted on Apr 9, 2012 in Financing, Grid & Infrastructure, Project Development | Comments Off on National Rural Utilities Cooperative Finance Corporation Makes First Loan Sale to Bank
The National Rural Utilities Cooperative Finance Corporation (CFC) has finalized a $25 million loan sale to KeyBank National Association on behalf of KAMO Power, an Oklahoma-based cooperative. Although CFC has made more than $1 billion in loan sales to Farmer Mac over the past five years, this three-year, unsecured loan is the first loan sale made to a bank. KAMO plans to use the...
Potential Risks in Solar Interconnection Changes
Posted on Apr 3, 2012 in Climate Change, Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Regulation & Policy, Reliability, Renewable Energy | Comments Off on Potential Risks in Solar Interconnection Changes
In a filing before the Federal Energy Regulatory Commission (FERC), the National Rural Electric Cooperative Association recently identified significant reliability and safety risks that could be caused by the proposed revised procedures for interconnecting small solar generation with the grid. NRECA requested that FERC reject the Solar Energy Industries Association’s request for...
Florida Coop to Issue $13 Million in Equity Refunds
Posted on Apr 2, 2012 in Financing, Patronage Capital, Rates | Comments Off on Florida Coop to Issue $13 Million in Equity Refunds
Fort Myers-based Lee County Electric Cooperative will give customers almost $13 million in equity refunds or credits beginning in June. The refund checks will go to more than 48,000 customers based on the amount of equity they have in the system. Another 141,100 customers will receive credits on their bills. The News-Press has more here.
Study to Determine North Dakota Power Needs
Posted on Mar 20, 2012 in Financing, Grid & Infrastructure, Innovation/Efficiency, Land Use, Project Development | Comments Off on Study to Determine North Dakota Power Needs
The North Dakota Industrial Commission, Basin Electric Power Cooperative and Montana-Dakota Utilities Co. are among the largest contributors to a study on how to meet the electricity needs of the state’s booming oil industry. The study is expected to determine whether utilities should develop additional electric generation and will also address related issues such as transmission...
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