Wisconsin Coop Secures Additional CFC Financing
Posted on Nov 25, 2013 in Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Reliability, Technology | Comments Off on Wisconsin Coop Secures Additional CFC Financing
Washington Island Electric Cooperative (WIEC), based in Washington Island, Wisconsin, has recently refinanced its debt with another lender to become a 100-percent National Rural Utilities Cooperative Finance Corporation (CFC) borrower. WIEC, which serves 1,080 members on an island in Lake Michigan accessible only by ferry, has plans for some improvement projects, including the...
SMECO Drills to Install Underground Cables
Posted on Nov 25, 2013 in Grid & Infrastructure, Innovation/Efficiency, Project Development, Reliability | Comments Off on SMECO Drills to Install Underground Cables
Southern Maryland Electric Cooperative (SMECO), based in Hughesville, Maryland, is carrying out its plans to run lines for a new 230-kilovolt system under the Patuxent River. SMECO’s project manager, Black & Veatch, is currently drilling tunnels, through which the lines will run, 50 feet below the river’s bottom. SMECO undertook the project to provide increased reliability for...
Alaska Coop Files for FERC Approval of Hydro Project
Posted on Nov 20, 2013 in Project Development, Regulation & Policy, Renewable Energy | Comments Off on Alaska Coop Files for FERC Approval of Hydro Project
Alaska Village Electric Cooperative (AVEC) has filed an application with the Federal Energy Regulatory Commission (FERC) for permission to build a new hydroelectric project near the town of Old Harbor, Alaska. The proposed run-of-river project would consist of two 262-kW turbines and would be used to provide power to the residents of Old Harbor. To read more about this project, click...
Massachusetts Coop Holds Groundbreaking Ceremonies for Solar Energy Projects
Posted on Nov 20, 2013 in Energy Savings Programs, Innovation/Efficiency, Project Development, Renewable Energy | Comments Off on Massachusetts Coop Holds Groundbreaking Ceremonies for Solar Energy Projects
This week Cape & Vineyard Electric Cooperative held groundbreaking ceremonies for six of eight solar energy projects it has underway in several Cape Cod and Martha’s Vineyard towns. The cooperative is hopeful that these eight projects will be operational by spring. Most of the projects are placed on capped landfills and are expected to generate 16 MW of energy. The cooperative...
Vermont Coop to Build 5-MW Solar Project
Posted on Nov 12, 2013 in Climate Change, Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Rates, Regulation & Policy, Reliability, Renewable Energy | Comments Off on Vermont Coop to Build 5-MW Solar Project
The Vermont Electric Cooperative (VEC) is hoping to build the state’s largest utility-owned solar power project as part of a broader effort to help reduce the state’s dependence on fossil fuels. VEC is working with 14 other coops across the country on the 5-MW project in a first-of-its-kind initiative to make solar energy cost-competitive with other forms of electricity by the end of...
Alaska Coop to Buy Private Utility
Posted on Nov 12, 2013 in Grid & Infrastructure, Mergers/Acquisitions, Project Development, Rates, Regulation & Policy | Comments Off on Alaska Coop to Buy Private Utility
The Regulatory Commission of Alaska has recently approved an asset purchase agreement in which Alaska Village Electric Cooperative will buy the assets of Bethel Utility Corp., a privately owned utility. This acquisition will boost the Anchorage-based coop’s overall demand for electricity by more than 50 percent and resulting in savings for new members. Read more here.
Basin Electric Signs PPAs for Wind Generation
Posted on Nov 7, 2013 in Environmental, Project Development, Renewable Energy | Comments Off on Basin Electric Signs PPAs for Wind Generation
Basin Electric Power Cooperative (Basin Electric) has agreed to purchase power from two wind projects currently being developed in North Dakota, which will provide a combined capacity of 278 MW. Their addition will bring Basin Electric’s generation portfolio to more than 1,000 MW. The new facilities are scheduled to be operational by the end of 2015. For more information about the...
NCSC Funds Two Solar Projects for Hawaii Coop
Posted on Nov 4, 2013 in Climate Change, Environmental, Financing, Project Development, Renewable Energy | Comments Off on NCSC Funds Two Solar Projects for Hawaii Coop
Kaua‘i Island Utility Cooperative (KIUC) will break ground this week on one of two planned solar photovoltaic (PV) power plants on the island of Kaua‘i, Hawaii. The National Cooperative Services Corporation (NCSC) has advanced initial funding for the estimated $40 million project, which will be the largest utility-scale solar facility in Hawaii and will meet an estimated 5 percent of...
Kentucky Coop Faces Breach of Contract Complaint
Posted on Oct 31, 2013 in Financing, Litigation, Project Development | Comments Off on Kentucky Coop Faces Breach of Contract Complaint
Nolin Rural Electric Cooperative and Trico/Tiger Development LLC (Trico/Tiger) face a complaint removed to federal court that alleges the two entities deprived a joint venture of profits stemming from a shale development project in Fort Knox, Kentucky. The joint venture, ITC Renewable, LLC, had been created by Trico/Tiger, ITI Group Corporation and Consolidated Energy Services Global,...
MISO Will Not Allow Shutdown of Presque Isle Power Plant
Posted on Oct 22, 2013 in Climate Change, Environmental, Grid & Infrastructure, Project Development, Regulation & Policy, Reliability, Renewable Energy | Comments Off on MISO Will Not Allow Shutdown of Presque Isle Power Plant
The Midcontinent Independent System Operator (MISO) says We Energies’ Presque Isle coal-fired power plant in Michigan’s Upper Peninsula needs to remain operational for reliability reasons, despite a bid by We Energies to suspend operations. We Energies had discussed retiring the power plant several years ago but changed its mind after Wolverine Power Cooperative (Wolverine) agreed to...
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