Wyoming Coop Set to Expand Into Colorado
Posted on Jul 18, 2013 in Grid & Infrastructure, Project Development | Comments Off on Wyoming Coop Set to Expand Into Colorado
High West Energy, Inc. plans to build a $7.3 million transmission line into Colorado to serve a large gas processing facility. The project will open up new opportunities in the surrounding area, including the potential for additional large-scale industrial customers. For more information, click here.
USDA Announces Latest Round of Funding for Rural Electric Projects
Posted on Jul 18, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Regulation & Policy, Technology | Comments Off on USDA Announces Latest Round of Funding for Rural Electric Projects
The U.S. Department of Agriculture (USDA) recently announced more than $188 million in loan guarantees to upgrade the rural electric grid, including more than $18 million for smart grid initiatives. This latest round of funding is part of a larger USDA effort to improve the reliability and affordability of rural electric service. Click here for the full story.
SMECO to Collaborate with LS Cable in Underground Cable Network Project
Posted on Jul 16, 2013 in Grid & Infrastructure, Innovation/Efficiency, Project Development, Technology | Comments Off on SMECO to Collaborate with LS Cable in Underground Cable Network Project
Southern Maryland Electric Cooperative (SMECO) will soon be getting underground cables and connectors for the power transmission and distribution networks SMECO operates, thanks to LS Cable’s $12.7 million deal to supply high-voltage underground cables to the United States. The project will create an extra high-voltage cable network across the Patuxent River for a length of 1.5...
FERC Rejects Challenge to Minnesota-Wisconsin Transmission Line
Posted on Jul 15, 2013 in Grid & Infrastructure, Land Use, Project Development, Regulation & Policy, Reliability | Comments Off on FERC Rejects Challenge to Minnesota-Wisconsin Transmission Line
The Federal Energy Regulatory Commission (FERC) has rejected efforts to rescind federal approval for a proposed high-voltage transmission line connecting Rochester, Minnesota, with La Crosse, Wisconsin. In rejecting a petition against the $500 million project, FERC found that the petitioners lacked sufficient support for their claim that the line would risk grid reliability. ...
Arkansas Coop Extends $250 Million Syndication with CFC
Posted on Jun 26, 2013 in Financing, Grid & Infrastructure | Comments Off on Arkansas Coop Extends $250 Million Syndication with CFC
Arkansas Electric Cooperative Corporation recently closed an Amend and Extend agreement with the National Rural Utilities Cooperative Financing Corporation (CFC), locking in current pricing and extending the maturity date of its $250 million credit facility to June 2016. Both parties were pleased with the speed and efficiency of utilizing the Amend and Extend transaction, which was...
Pedernales Names New CEO
Posted on Jun 18, 2013 in Corporate Governance, Grid & Infrastructure | Comments Off on Pedernales Names New CEO
John Hewa, vice president of research, engineering and technical services for the National Rural Electric Cooperative Association, has been chosen to take the reins at Pedernales Electric Cooperative, Inc., the nation’s largest distribution electric coop. Hewa’s appointment as chief executive officer is effective July 22. In his new role, Hewa will be responsible for 250,000 meters...
USDA Announces More Than $356 Million in Coop Loans
Posted on Jun 13, 2013 in Financing, Grid & Infrastructure, Regulation & Policy | Comments Off on USDA Announces More Than $356 Million in Coop Loans
The U.S. Department of Agriculture (USDA) recently announced its latest round of funding for rural electric projects. The funding totals more than $356 million in loans and includes more than $15 million for smart grid investments. Click here to learn more about the coops that will receive the funding and the projects contemplated.
House Subcommittee Rejects Administration’s RUS Limitations
Posted on Jun 6, 2013 in Financing, Grid & Infrastructure, Legislative & Politics | Comments Off on House Subcommittee Rejects Administration’s RUS Limitations
A House subcommittee supports a bill providing $4 billion to the Rural Utilities Service (RUS) loan program but opposes limitations on that amount proposed by the Obama Administration. The Administration would allocate $3 billion for renewable-energy-related projects and the remaining $1 billion to environmental upgrade projects. The House subcommittee would provide more flexibility...
North Carolina Coop Begins Hearings on Transmission Line Route
Posted on May 29, 2013 in Grid & Infrastructure, Land Use, Litigation | Comments Off on North Carolina Coop Begins Hearings on Transmission Line Route
This week Rutherford Electric Membership Corporation (REMC) began hearings regarding the value of land in the Box Creek Wilderness area near Union Mills, North Carolina. REMC began condemnation proceedings in January in order to obtain a transmission line easement to connect various substations. The transmission line addition will provide supplemental transmission capacity to 5,000...
NRECA International to Form New Electric Utility in Haiti
Posted on May 28, 2013 in Financing, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability | Comments Off on NRECA International to Form New Electric Utility in Haiti
The United States Agency for International Development awarded NRECA International Ltd. a $24 million contract to form a new electric utility in Haiti under the Haiti Pilot Project for Sustainable Electricity Distribution. The proposed utility would be the only utility in Haiti providing continuous power, 24 hours a day, seven days a week. For more information about this project, and...
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