Brazos Electric Seeks Creditor Approval for $1.4 Billion Bankruptcy Plan Emerging from 2021 Storm Costs
Posted on Sep 14, 2022 in Litigation | Comments Off on Brazos Electric Seeks Creditor Approval for $1.4 Billion Bankruptcy Plan Emerging from 2021 Storm Costs
Brazos Electric Cooperative received the go-ahead from Chief U.S. Bankruptcy Judge David Jones to seek creditor approval for its bankruptcy plan that provides for Brazos to pay $1.4 billion to the Electric Reliability Council of Texas (ERCOT) for costs stemming from February 2021 winter storms. During that time period, Brazos incurred a $2.1 billion bill from ERCOT, almost three times...
East River Electric Cooperative Wins Summary Judgment on Wholesale Power Contract Buy-Out Dispute
Posted on Apr 14, 2022 in Litigation | Comments Off on East River Electric Cooperative Wins Summary Judgment on Wholesale Power Contract Buy-Out Dispute
U.S. District Judge Larry Piersol granted East River Electric Cooperative’s (East River) motion for summary judgment in a suit initiated by Dakota Energy Cooperative (Dakota Energy). Dakota Energy requested that it be able to terminate its wholesale power contract with East River and pay a buy-out fee. Judge Piersol ruled that the contract did not provide for early termination and that...
Rayburn Country Electric Cooperative Is First Texas Utility to Securitize ERCOT Bill From Winter Storm Uri
Posted on Feb 21, 2022 in Financing, Litigation | Comments Off on Rayburn Country Electric Cooperative Is First Texas Utility to Securitize ERCOT Bill From Winter Storm Uri
Rayburn Country Electric Cooperative, Inc. is the first Texas utility to securitize its debt from the Electric Reliability Council of Texas (ERCOT) stemming for 2021 Winter Storm Uri. This option prevents Rayburn from facing potential bankruptcy and preserving its right to sue ERCOT for the extraordinary energy prices last February in the midst of devastating cold temperatures that...
Golden Spread Electric Cooperative Sues Insurer Over Winter Storm Uri Lawsuit Coverage
Posted on Feb 18, 2022 in Litigation, Natural Disaster | Comments Off on Golden Spread Electric Cooperative Sues Insurer Over Winter Storm Uri Lawsuit Coverage
Golden Spread Electric Cooperative Inc., a Texas power generation cooperative, filed suit against its insurer, Hartford Underwriter Insurance Co., alleging, amongst other things, that the insurer wrongfully denied coverage of a lawsuit filed by customers claiming bodily injury and property damaged caused by power outages during Winter Storm Uri. Golden Spread is seeking declaratory...
Minnesota Court Affirms Natural Gas Power Plant
Posted on Aug 25, 2021 in Litigation, Project Development | Comments Off on Minnesota Court Affirms Natural Gas Power Plant
The Minnesota Court of Appeals affirmed the Minnesota Public Utilities Commission’s 2019 approval of the Nemadji Trail Energy Center, a project developed by Dairyland Power Cooperative and Minnesota Power.
Brazos Electric Power Cooperative, Inc. Files for Bankruptcy
Posted on Mar 1, 2021 in Financing, Litigation | Comments Off on Brazos Electric Power Cooperative, Inc. Files for Bankruptcy
Brazos Electric Power Cooperative, Inc. (Brazos) recently filed bankruptcy in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator, Electric Reliability Council of Texas (ERCOT). Brazos is one of dozens of electricity providers in Texas facing enormous charges stemming from severe cold snap last month. Unusually frigid temperatures knocked out...
Oklahoma Court Confirms Big Businesses Must Stick with Electric Cooperative
Posted on Feb 12, 2021 in Litigation | Comments Off on Oklahoma Court Confirms Big Businesses Must Stick with Electric Cooperative
A large industrial Oklahoma cooperative customer brought suit seeking to add a well powered by Northwestern Electric Cooperative to an energy supply it receives from an investor-owned utility as a cost-saving measure. An Oklahoma Court confirmed the order of the Oklahoma Corporation Commission keeping the cooperative as the power provider.
Legal Alert: Patronage Capital Update
Posted on Oct 18, 2018 in Litigation, Patronage Capital | Comments Off on Legal Alert: Patronage Capital Update
Retirement of patronage capital remains a heavily litigated topic. While federal court cases generally have ruled in favor of electric cooperatives, state court cases are somewhat divided. This update reports on a federal court of appeals decision and two recent state court opinions reaching different conclusions about a board’s authority and obligations with respect to patronage...
FERC Confirms UEC’s Authority to Build Transmission Line
Posted on Jan 22, 2018 in Litigation, Renewable Energy, Uncategorized | Comments Off on FERC Confirms UEC’s Authority to Build Transmission Line
The Federal Energy Regulatory Commission (FERC) recently ordered Umatilla Electric Cooperative (UEC) to provide wholesale transmission service to a certain wind energy project, rejecting a protest by Columbia Basin Electric Cooperative that the action would encroach on its exclusive service territory. The proposed wind farm, located near Heppner, Oregon, would include up to 292...
Missouri Judge Vacates $130 Million Sho-Me Power Jury Verdict
Posted on Oct 3, 2017 in Litigation | Comments Off on Missouri Judge Vacates $130 Million Sho-Me Power Jury Verdict
A federal judge in Missouri has vacated a $130 million jury verdict against Sho-Me Power Electric Cooperative. The plaintiffs in the case claimed that Sho-Me Power violated electric easements by using a fiber optic cable for commercial telecommunications purposes.
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