New England Coops Recovering from Winter Storms
Posted on Jan 2, 2014 in Grid & Infrastructure | Comments Off on New England Coops Recovering from Winter Storms
A Vermont Electric Cooperative representative said that the late December ice storms in the area will lead to its most expensive restoration effort ever, potentially topping $6.5 million in cost. Other Northeast coops are facing the same challenges; Maine had more than 3,200 customers without power on Christmas Eve. Progress is being made quickly as coop employees cooperate to make...
New York Coop Refinances with CFC, Changes Patronage Capital Distribution Policy
Posted on Dec 30, 2013 in Corporate Governance, Financing, Grid & Infrastructure, Patronage Capital | Comments Off on New York Coop Refinances with CFC, Changes Patronage Capital Distribution Policy
Otsego Electric Cooperative (OEC), based in Hartwick, New York, recently refinanced its outstanding debt owed to other lenders with the National Rural Utilities Cooperative Finance Corporation (CFC), becoming the first 100% CFC borrower in the state. OEC, which serves about 4,500 members in the area between the Catskill and Adirondack mountain ranges, also worked with CFC to develop a...
Iowa Appeals FEMA Decision
Posted on Dec 26, 2013 in Grid & Infrastructure, Litigation, Regulation & Policy | Comments Off on Iowa Appeals FEMA Decision
As last reported by the Sutherland Coop Team on October 2, 2013, the state of Iowa has appealed a decision by the Federal Emergency Management Agency (FEMA) to forego additional disaster relief funding for Iowa Lakes Electric Cooperative, Lyon Rural Electric Cooperative, Osceola Electric Cooperative and Sanborn Electric and Telecommunications Utility. The rural coops requested an...
South Carolina’s First Solar Farm Online
Posted on Dec 26, 2013 in Climate Change, Environmental, Grid & Infrastructure, Innovation/Efficiency, Project Development, Renewable Energy | Comments Off on South Carolina’s First Solar Farm Online
South Carolina’s first solar farm is officially online as of Friday, December 20. The 3-MW, $6 million Colleton County project will sell output to Santee Cooper. South Carolina Electric and Gas is also planning a series of future solar farms that could generate up to 20 MW of power in the state. Read more here.
NRECA: NIST Cyber Security Framework Should Consider Needs of Coops
Posted on Dec 26, 2013 in Grid & Infrastructure, Regulation & Policy, Reliability, Technology | Comments Off on NRECA: NIST Cyber Security Framework Should Consider Needs of Coops
The National Rural Electric Cooperative Association (NRECA) is urging the National Institute of Standards and Technology (NIST) to keep in mind the varying organizations and structures of companies operating in the energy sector when developing its Cyber Security Framework (Framework), a project undertaken in response to a February 2013 executive order issued by President Obama. The...
Golden Spread Proposes New Transmission Line
Posted on Dec 17, 2013 in Grid & Infrastructure, Permitting, Project Development, Reliability, Renewable Energy | Comments Off on Golden Spread Proposes New Transmission Line
Golden Spread Electric Cooperative, Inc. (Golden Spread) is planning a new transmission line that would connect the present divide between the power grid that covers the Texas Panhandle and the grid for the rest of Texas. The coop, along with Sharyland Utilities, L.P. (Sharyland) will connect new and existing natural gas generation units north of Abernathy to the new transmission...
GTC Extends $275 Million Syndication with CFC
Posted on Dec 17, 2013 in Financing, Grid & Infrastructure | Comments Off on GTC Extends $275 Million Syndication with CFC
Georgia Transmission Corporation (GTC), based in Tucker, Georgia, obtained an “amend and extend” transaction that extended the maturity date of a $275 million, five-year syndicated revolving credit facility with the National Rural Utilities Cooperative Finance Corporation (CFC) by two years. The facility was originally arranged in November 2011. GTC uses the facility primarily to...
USDA to Provide More than $1.8 Billion in Funding
Posted on Dec 16, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Legislative & Politics, Project Development, Regulation & Policy, Reliability, Renewable Energy, Technology | Comments Off on USDA to Provide More than $1.8 Billion in Funding
Agriculture Secretary Tom Vilsack announced on Friday that the United States Department of Agriculture (USDA) will provide over $1.8 billion to fund electric utility infrastructure improvements in 25 states and one territory. The USDA-funded improvements include smart grid and renewable energy projects and the building or improvement of more than 6,500 miles of transmission lines. ...
Columbia River Treaty Needs an Update
Posted on Dec 12, 2013 in Grid & Infrastructure, Legislative & Politics, Regulation & Policy, Renewable Energy | Comments Off on Columbia River Treaty Needs an Update
Based in Eugene, Oregon, Lane Electric Cooperative is among the Northwest utilities pushing for an update to the 1964 Columbia River Treaty, which governs operations along the Columbia River between the U.S. and Canada. Due to changes in how the river operates, the pact that once provided an even split between the two countries now provides more of a 90-10 split in favor of our...
Ice Causes Mayhem in Many States
Posted on Dec 10, 2013 in Grid & Infrastructure, Reliability | Comments Off on Ice Causes Mayhem in Many States
Last week’s winter storm and resulting ice and snow caused mayhem for many electric coops around the country. During the worst of the storm, nearly 30,000 coop customers in the Midwest were out of power, and eight Virginia coops reported about 43,000 meters of power lines out of commission. To prepare for more hard winter weather, statewide associations have requested mutual aid...
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