Executive of Kentucky Coop Warns of the Impacts that Proposed EPA Rules Will Have on Industrial Customers
Posted on Apr 8, 2011 in Environmental, Legislative & Politics, Rates, Regulation & Policy | Comments Off on Executive of Kentucky Coop Warns of the Impacts that Proposed EPA Rules Will Have on Industrial Customers
Mark Bailey, CEO of Big Rivers Electric Corporation, spoke before a U.S. House subcommittee regarding the costs of the proposed regulations that the coop would be forced to pass along to its industrial base. A significant portion of the coop’s total power is used by energy intensive aluminum smelters that may be forced to relocate abroad in order to avoid higher electric rates. Roll...
Yellowstone Valley Electric Cooperative’s Annual Meeting Highlights Growth and Cost Issues
Posted on Apr 6, 2011 in Corporate Governance, Litigation, Rates | Comments Off on Yellowstone Valley Electric Cooperative’s Annual Meeting Highlights Growth and Cost Issues
The Montana cooperative resumed growth in 2010, and the rates paid by its members were increased in January 2011 and may be increased again this year. Future rates are largely dependent upon the outcome of Yellowstone Valley’s litigation regarding its membership in Southern Montana Electric Cooperative. For more on this story, see the Big Sky Business Journal.
Rule Requiring Installation of Pollution Controls on Back-up Generators Would Cost Iowa Cooperatives Big Money
Posted on Apr 4, 2011 in Environmental, Legislative & Politics, Rates | Comments Off on Rule Requiring Installation of Pollution Controls on Back-up Generators Would Cost Iowa Cooperatives Big Money
The CEO of North Iowa Municipal Electric Cooperative objected to the rule because coop’s members would have to pay more than $5 million to install catalyst technology on back-up units that run for a yearly average of 11 hours each. Based on cost-benefit concerns like these, Governor Branstad vetoed the state rule. Radio Iowa has the full story.
New Bern Officials Lobby in Washington
Posted on Mar 10, 2011 in Rates | Comments Off on New Bern Officials Lobby in Washington
New Bern, North Carolina, city officials recently lobbied the Federal Energy Regulatory Commission and the U.S. Department of Justice against potentially higher power rates that may result from a merger of Progress Energy and Duke Power. There has also been a closer examination of the fees that New Bern collects from its power customers. See the Sun Journal for more on the...
Basin Electric Power Cooperative Rating Downgraded by Fitch
Fitch Ratings downgraded Basin Electric Power Cooperative to ‘A+/F1’; Outlook Stable based in part on declining profits from its subsidiary, Dakota Gasification Company. Although Basin continues to show strength in many areas, Fitch expects that Basin’s board will vote to increase rates to stabilize its financial condition. See Business Wire for more.Socorro Electric Cooperative in Technical Default on RUS Loans
Socorro Electric Cooperative failed to meet its profit levels for the second year in a row. To avoid default on its $52 million in federal loans, the New Mexico cooperative plans to raise rates and implement other cost-saving measures. Socorro Electric is seeking an average rate increase of 6.95 percent. The El Defensor Chieftain is following this story.East Kentucky Power Cooperative Gets $43 Million Rate Increase
Posted on Jan 19, 2011 in Litigation, Rates, Regulation & Policy | Comments Off on East Kentucky Power Cooperative Gets $43 Million Rate Increase
Kentucky’s Public Service Commission has agreed to a $43 million rate increase for East Kentucky Power Cooperative. CNHI News Service notes that East Kentucky recently settled a lawsuit with environmental groups, in which it agreed to drop plans for a new coal-fired plant at its Winchester facilities.
Pedernales “Divided” on Going Green
Posted on Jan 18, 2011 in Energy Savings Programs, Environmental, Rates, Regulation & Policy, Technology | Comments Off on Pedernales “Divided” on Going Green
The Statesman reports on a conflict among members of Pedernales Electric Cooperative over efforts to make the cooperative more environmentally friendly.
Kit Carson Electric Cooperative Seeks to Invalidate Most Rate Protests
Posted on Dec 29, 2010 in Corporate Governance, Rates, Regulation & Policy | Comments Off on Kit Carson Electric Cooperative Seeks to Invalidate Most Rate Protests
The Taos News reports on efforts by Kit Carson Electric Cooperative to invalidate all but 12 protests against a proposed $4.3 million rate hike. A formal review of the rate increase by the New Mexico commission requires at least 25 valid protests.
Maryland Commission OKs Rate Hike for Southern Maryland Electric Cooperative
Posted on Dec 22, 2010 in Financing, Rates, Regulation & Policy | Comments Off on Maryland Commission OKs Rate Hike for Southern Maryland Electric Cooperative
Southern Maryland Newspapers has details on a $19.4 million rate hike by Southern Maryland Electric Cooperative.
Subscribe
