Great Falls Lawsuit Develops
Posted on Mar 21, 2011 in Litigation | Comments Off on Great Falls Lawsuit Develops
In a suit filed Wednesday in state District Court in Great Falls, Montana, the city of Great Falls is seeking the return of a $792,411 security deposit from Southern Montana Electric Generation & Transmission Cooperative, as well as a decision on whether various contracts and obligations between the city and Southern Montana Electric should be voided. The city, which is in the...
City of Great Falls Files Suit Against Southern Montana Electric
Posted on Mar 17, 2011 in Economic Downturn, Litigation | Comments Off on City of Great Falls Files Suit Against Southern Montana Electric
Following a meeting on Tuesday between Great Falls, Montana, city commissioners and Southern Montana board members to discuss the city’s desire to terminate its membership in the coop, the city has filed a lawsuit against Southern Montana. The city’s electric utility arm is running a more than $4 million deficit, and the lawsuit is the latest development in the ongoing...
Judge Allows Old Dominion Lawsuit to Proceed
Posted on Mar 9, 2011 in Litigation | Comments Off on Judge Allows Old Dominion Lawsuit to Proceed
A judge has ruled that litigation by residents challenging Old Dominion Electric Cooperative’s proposed 1,500 MW coal plant in Dendron, Virginia, may proceed to trial. The Daily Press has more.
Potential Litigation Regarding Massachusetts Wind Turbines
Posted on Mar 8, 2011 in Litigation, Renewable Energy | Comments Off on Potential Litigation Regarding Massachusetts Wind Turbines
Litigation regarding a Brewster, Massachusetts, planning board’s failure to move forward with the installation of two wind turbines (proposed by the Cape and Vineyard Electric Cooperative) on town-owned land may go to either state Land Court or Barnstable Superior Court. The Cape Cod Times has the rest of the story.
City of Great Falls Seeks Withdrawal from Co-op
Posted on Mar 2, 2011 in Corporate Governance, Litigation | Comments Off on City of Great Falls Seeks Withdrawal from Co-op
According to the Great Falls Tribune, the City of Great Falls, Montana, has formally requested to be relieved of all of its obligations as a member of Southern Montana Electric Generation and Transmission Cooperative. Although another member of Southern Montana is currently involved in litigation over a similar withdrawal request, the city hopes to resolve its request without going to...
Montana County Sues Over Fire Allegedly Caused by Coop
Posted on Feb 28, 2011 in Litigation | Comments Off on Montana County Sues Over Fire Allegedly Caused by Coop
Seeking to recover over $600,000, Stillwater County, Montana, has brought suit against Beartooth Electric Cooperative for recovery of the county’s fire related costs. The negligence claim is based on the coop’s alleged failure to properly maintain its transmission lines. The Billings Gazette has more.
Arkansas Supreme Court Dismissed Capital Credit Suit for Lack of Jurisdiction
Posted on Feb 15, 2011 in Corporate Governance, Derivative Suits, Litigation | Comments Off on Arkansas Supreme Court Dismissed Capital Credit Suit for Lack of Jurisdiction
The court ruled that the Public Service Commissions has exclusive jurisdiction over coops’ capital credit practices. This ruling benefits cooperatives because it is usually harder for plaintiffs’ lawyers to recover large fees before a state’s utility commission. See Electric Co-op Today for more on this story.
Lawsuit Filed Against Coop Based On Its Treatment of Capital Credits
Posted on Feb 11, 2011 in Corporate Governance, Derivative Suits, Litigation | Comments Off on Lawsuit Filed Against Coop Based On Its Treatment of Capital Credits
According to the Fay Observer, a class action lawsuit has been filed against North Carolina’s South River Electric Membership Corporation relating to the coop’s treatment of credits owed to deceased customers. The claim involves the coop’s practice of reducing the amount of these credits based on the time value of money.
General Manager of Pedernales Electric Cooperative Sentenced to 300 Days in Jail, Probation, Community Service, and Restitution
Posted on Feb 7, 2011 in Corporate Governance, Litigation | Comments Off on General Manager of Pedernales Electric Cooperative Sentenced to 300 Days in Jail, Probation, Community Service, and Restitution
The Statesman reports that Bennie Fuelberg’s sentence includes, among other things, restitution payments of $126,000. This amount is far less than the $8.8 million that Pedernales sought to recover. The court ordered that the money is to be paid to Pedernales’ insurance company and former law firm rather than to the cooperative itself.
Pedernales Bylaw Change Threatens to Disqualify Board Member From Serving
Posted on Jan 24, 2011 in Corporate Governance, Litigation, Regulation & Policy | Comments Off on Pedernales Bylaw Change Threatens to Disqualify Board Member From Serving
The Statesman reports on the fall-out from a recent bylaw change by Pedernales Electric Cooperative. The new bylaw prevents directors from serving on the board if they have worked for a wholesale power company within the past three years.
Subscribe
