USDA Invests More Than $200 Million in Electric Infrastructure Improvements in Five States
Posted on May 26, 2016 in Financing, Project Development, Regulation & Policy | Comments Off on USDA Invests More Than $200 Million in Electric Infrastructure Improvements in Five States
The USDA recently celebrated the 80th anniversary of the Rural Electrification Act and announced funding of more than $200 million to build and upgrade rural electric infrastructure in five states. East Kentucky Power Cooperative, Inc. will receive a $131.8 million loan to acquire the Bluegrass Generating Facility, a natural gas fired power plant.
Wind Energy Strong in 2015
Posted on Mar 28, 2016 in Financing, Legislative & Politics, Project Development, Regulation & Policy, Renewable Energy, Tax | Comments Off on Wind Energy Strong in 2015
Data from the Energy Information Administration (EIA) show that wind energy accounted for over 41 percent of generating capacity additions in 2015. Wind energy’s growth was strongest in Texas, Oklahoma, Kansas, Iowa and North Dakota. But resource availability in windy states was not the only driving factor in the growth that 2015 saw, as the federal production tax credit continued to...
Transmission Company GridLiance Adds Two New Board Members
Posted on Feb 8, 2016 in Financing, Grid & Infrastructure, Project Development | Comments Off on Transmission Company GridLiance Adds Two New Board Members
GridLiance Holdco, LP (“GridLiance”), a transmission company that partners with cooperatives and municipal power providers to jointly plan, develop, own and operate transmission assets, has announced that it will appoint two utility industry veterans as new members of its board of directors. Terry Boston and Michael G. Morris, two former utility executives, will join the board...
Cooperative Finance Corp. Fights for Authorization to Issue Letters of Credit
Posted on Oct 30, 2015 in Financing, Regulation & Policy | Comments Off on Cooperative Finance Corp. Fights for Authorization to Issue Letters of Credit
The National Rural Utilities Cooperative Finance Corp. (CFC) continues to seek an exemption under the Federal Communications Commission’s Rural Broadband Experiment allowing it to issue letters of credit to its own members and those of an affiliate, Rural Telephone Finance Cooperative. However, because CFC is not a depository institution, it cannot receive the required FDIC...
USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
Posted on Oct 23, 2015 in Financing, Grid & Infrastructure, Project Development, Renewable Energy | Comments Off on USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
The USDA is awarding $2.3 billion in loans through its USDA Rural Development’s Electric Program, which makes loans and loan guarantees to cooperative associates and other utilities for electric distribution in rural areas. Seventy-seven utilities and cooperatives in 31 states will receive loans to build and improve rural electric infrastructure in 31 states. Funding is contingent...
USDA Awards Rural Development Loans & Grants to Several Coops
Posted on Oct 20, 2015 in Financing | Comments Off on USDA Awards Rural Development Loans & Grants to Several Coops
The Secretary of Agriculture has just announced $12.5 million in loans and grants to aid rural businesses and create jobs, including over $1 million for electric cooperatives. Click here to view a full list of recipients.
EPA’s Clean Power Plan Could Hurt Electric Coops
Posted on Sep 1, 2015 in Climate Change, Environmental, Financing, Legislative & Politics, Regulation & Policy, Renewable Energy | Comments Off on EPA’s Clean Power Plan Could Hurt Electric Coops
The Clean Power Plan of the U.S. Environmental Protection Agency (EPA) calls for existing power plants to slash their greenhouse gas emissions by 32 percent from 2005 levels by 2030. This reduction could force rural electric cooperatives to prematurely close their coal-fired power plants, creating a multibillion-dollar debt for the nonprofit electricity providers. (Subscription...
Large USDA Loan Awarded to North Dakota Electric Coop
Posted on Aug 18, 2015 in Financing, Grid & Infrastructure, Regulation & Policy | Comments Off on Large USDA Loan Awarded to North Dakota Electric Coop
The U.S. Department of Agriculture (USDA) has approved a $46 million loan to Central Power Electric Cooperative (CPEC). The loan will help finance over 50 miles of new power lines and several substations. CPEC serves over 50,000 customers in 25 North Dakota counties. Please click here for more information.
CFC and NRCO Secure $100 Million to Support Solar Projects for Cooperatives
Posted on Aug 6, 2015 in Climate Change, Environmental, Financing | Comments Off on CFC and NRCO Secure $100 Million to Support Solar Projects for Cooperatives
The National Rural Utilities Cooperative Finance Corporation (CFC) and National Renewables Cooperative Organization (NRCO) recently secured $100 million that will go to support solar projects for electric cooperatives. The funds will be used to make solar energy more economically feasible for electric cooperatives by supporting utility-scale cooperative projects ranging in size from 1...
USDA Announced New Loans to be Placed through Coops to Support Rural Businesses
Posted on Jul 31, 2015 in Financing | Comments Off on USDA Announced New Loans to be Placed through Coops to Support Rural Businesses
The USDA’s Rural Business-Cooperative Service announced $18.1 million in loans to support 92 projects related to the start-up or expansion of rural small businesses. These zero-interest loans help utilities fund projects and create and retain employment in rural areas. The South Mississippi Electric Power Association will receive a $2 million loan to assist the city of Greenwood...
Subscribe
