Upper-Midwest Coops Critical of EPA Haze Plan
Posted on Dec 8, 2011 in Environmental, Rates, Regulation & Policy, Technology | Comments Off on Upper-Midwest Coops Critical of EPA Haze Plan
Minnkota Power Coop and North Star Electric Coop are among those opposed to proposed new Environmental Protection Agency (EPA) haze pollution standards because any benefits would be far outweighed by the cost to consumers in the form of a rate increase. Proponents of the EPA standards claim they will improve public health, preserve national parks and create thousands of new jobs....
Coop Members Demand More Information About Geothermal Program
Posted on Dec 5, 2011 in Corporate Governance, Rates | Comments Off on Coop Members Demand More Information About Geothermal Program
Alaska-based Naknek Electric Association filed for Chapter 11 protection from creditors in September 2010. The coop’s financial woes were due, in large part, to complications with a geothermal energy program. Shortly after Naknek Electric filed a disclosure statement and reorganization plan with the bankruptcy court, a committee representing the interests of Naknek Electric members...
Coop to Receive $63 Million in Reparations from Railway
Posted on Nov 23, 2011 in Litigation, Rates | Comments Off on Coop to Receive $63 Million in Reparations from Railway
Arizona Electric Power Cooperative won an estimated $63 million in rate reductions and reparations Tuesday after the US Surface Transportation Board found that BNSF Railway and Union Pacific overcharged the coop for coal shipments. The ruling by the STB, which is the regulatory agency charged with resolving freight railroad disputes, is a rare victory for coops who have watched coal...
North Dakota Coal Regulation Controversy Continues
Posted on Nov 21, 2011 in Environmental, Rates, Regulation & Policy | Comments Off on North Dakota Coal Regulation Controversy Continues
Two North Dakota coops and environmental groups have presented widely divergent estimates of the cost to retrofit two coal-powered plants under new proposed federal pollution rules. According to the analysis commissioned by the Sierra Club and the National Parks Conservation Association, Minnkota Power Cooperative consumers would face a 10.3 percent rate increase, and Basin Electric...
Delaware Coop Makes Bid for City Electric System
Posted on Nov 14, 2011 in Mergers/Acquisitions, Rates | Comments Off on Delaware Coop Makes Bid for City Electric System
Delaware Electric Cooperative has tendered a $16 million offer to purchase Lewes Board of Public Works electric distribution system. The Board is considering an offer from the Delaware Electric Municipal Electric Corporation to become a full member of the DEMEC. Delaware Electric Coop’s CEO and President said that the Board’s consideration of the DEMEC offer prompted the coop to make...
Lane Electric Coop Introduces One-Month Rate Cut for Customers
Posted on Nov 1, 2011 in Rates | Comments Off on Lane Electric Coop Introduces One-Month Rate Cut for Customers
The board of Oregon-based Lane Electric Cooperative instituted a 21 percent rate reduction for one month only. The rate reduction, which was caused by higher than expected profit margins of Lane Electric, will be reflected on the December bills of its customers. For details, click here.
North Dakota Service Territory Divided
Posted on Sep 8, 2011 in Grid & Infrastructure, Rates | Comments Off on North Dakota Service Territory Divided
The North Dakota Public Service Commission has approved an agreement between Montana-Dakota Utilities and Mountrail-Williams Electric Cooperative to divvy up the Williston customer service area. An influx of new customers, due to the region’s oil boom, prompted the division. Read more.
Virginia Coop Applies for Approval of Prepaid Electric Service Program
Posted on Aug 19, 2011 in Corporate Governance, Rates | Comments Off on Virginia Coop Applies for Approval of Prepaid Electric Service Program
Rappahannock Electric Cooperative has developed a prepaid service program, and the coop is in the process of obtaining approval from the Virginia State Corporation Commission. If the coop’s program is approved, it would be the first coop to offer such a program in Virginia. Fredericksburg.com has more.
Tennessee Valley Authority Reports Losses for 2011 Third Quarter
Posted on Aug 15, 2011 in Economic Downturn, Rates | Comments Off on Tennessee Valley Authority Reports Losses for 2011 Third Quarter
In a filing with the Securities and Exchange Commission, the Tennessee Valley Authority (TVA), which provides power to 155 coops and municipal systems in the Southeast, recently reported that it lost $240 million on $2.7 billion in revenues for the quarter ending June 30. The TVA cited several reasons for the downturn, including adverse weather, refueling outages at its nuclear plants...
Mohave Electric Cooperative Proposing Rate Increase for the First Time in 20 Years
Posted on Aug 10, 2011 in Rates | Comments Off on Mohave Electric Cooperative Proposing Rate Increase for the First Time in 20 Years
For the first time since 1991, Mohave Electric Cooperative (MEC) is attempting to increase its rates to offset the increasing costs of wholesale energy. The rate increase is expected to bring in nearly $3 million in new revenues for MEC, but the typical MEC customer’s bill should only go up by about $8 a year. The Mohave Daily News has additional details.
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