2014 Electricity Rates on the Rise
Posted on Dec 11, 2014 in Rates | Comments Off on 2014 Electricity Rates on the Rise
The Energy Information Administration (EIA) issued a December 9 report finding that 2014 residential, commercial and industrial electricity rates increased from 2013 rates. The change largely is due to higher natural gas prices and resulting fuel costs for power generators. Click here for more information.
Michigan Coop Merger Talks Appear to Stall
Posted on Dec 9, 2014 in Corporate Governance, Mergers/Acquisitions, Rates | Comments Off on Michigan Coop Merger Talks Appear to Stall
Merger talks between the Alger Delta Cooperative Electric Association (Alger Delta) and Great Lakes Energy Cooperative have been complicated by Alger Delta’s “no sale” policy. Some members of the board for each coop remain interested in pursuing a merger. Proponents of a merger argue that it could reduce bills for some members of the combined entity by as much as $24 a month. Click...
Oklahoma Coop Board Faces Overhaul
Posted on Nov 3, 2014 in Corporate Governance, Rates, Regulation & Policy | Comments Off on Oklahoma Coop Board Faces Overhaul
Shareholders of the Choctaw Electric Coop have signed a petition to remove all nine of the coop’s board members citing, among other things, mismanagement and inconsistent administration of coop policies. Click here to read more.
Two Kansas Coops Establish Strategic Alliance
Posted on Oct 24, 2014 in Corporate Governance, Mergers/Acquisitions, Rates | Comments Off on Two Kansas Coops Establish Strategic Alliance
Kaw Valley Electric Cooperative and Leavenworth-Jefferson Electric Cooperative, both located in northeast Kansas, have established a strategic alliance in order to control costs while ensuring affordable and reliable service. A coop representative said that a consolidation of the coops could deliver cost savings of more than $13 million over 10 years. Trustees of both coops approved...
Michigan Coops Consider Merger Opportunity
Posted on Oct 17, 2014 in Mergers/Acquisitions, Rates | Comments Off on Michigan Coops Consider Merger Opportunity
Alger Delta Cooperative Electric Association (Alger Delta) may merge with Great Lakes Energy (GLE), according to an announcement made at Wednesday’s Alger Delta Board meeting. Alger Delta officials say that a merger would lead to more stable electric rates and would save its residential customers an estimated $24 per month. GLE, based in Boyne City, has 125,000 customers and...
North Carolina Coop’s Solar Farm to Provide Benefits to Members
Posted on Oct 9, 2014 in Environmental, Grid & Infrastructure, Innovation/Efficiency, Land Use, Project Development, Rates, Renewable Energy, Technology | Comments Off on North Carolina Coop’s Solar Farm to Provide Benefits to Members
Pee Dee Electric Cooperative has announced plans to install a 100-Kw community solar farm adjacent to its corporate headquarters. The solar farm will produce about 150,000-kWh of electricity annually, and members of Pee Dee Electric will be able to purchase individual panels and sell the power produced by the panels back to the cooperative. Members who participate in the project will...
Federal Court Sides with Coops over FERC’s Demand Response Request
Posted on Oct 1, 2014 in Legislative & Politics, Litigation, Rates, Regulation & Policy | Comments Off on Federal Court Sides with Coops over FERC’s Demand Response Request
A federal court rejected a request from the Federal Energy Regulatory Commission (FERC) to review its decision against a FERC demand response order. FERC’s Order 745 issued in 2011 required that demand response participants in organized markets be compensated at full retail market price when they refrained from using electricity. The National Rural Electric Cooperative Association...
Texas Coop Files Suit Over Interpretation of Purchase Agreement
Posted on Sep 26, 2014 in Litigation, Rates | Comments Off on Texas Coop Files Suit Over Interpretation of Purchase Agreement
Brazos Electric Power Cooperative, Inc. filed suit against San Miguel Electric Cooperative, Inc. in Texas federal court on Thursday seeking interpretation of a power purchase agreement between the parties. Under the agreement, Brazos purchases electricity from San Miguel’s 400-megawatt lignite-fired generating plant and associated mining facilities in Christine, Texas. The dispute...
Cost to Decommission Kansas Nuclear Power Plant Could Hit $1 Billion
Posted on Sep 23, 2014 in Environmental, Rates | Comments Off on Cost to Decommission Kansas Nuclear Power Plant Could Hit $1 Billion
The Wolf Creek nuclear power plant, partially owned by Kansas Electric Power Cooperative, could cost as much as $1 billion to decommission, according to reports that must be provided to the Kansas Corporation Commission periodically. Costs will depend largely on the progress made by the federal government toward a solution for the long-term disposal of spent nuclear fuel and the...
Court Denies Review of FERC Demand Response Rule
Posted on Sep 19, 2014 in Energy Savings Programs, Litigation, Rates, Regulation & Policy | Comments Off on Court Denies Review of FERC Demand Response Rule
The United States Court of Appeals for the District of Columbia Circuit will not review en banc a three-judge panel ruling that rejected the Federal Energy Regulatory Commission’s rulemaking on demand response compensation. The panel had found that Order No. 745 violates the Federal Power Act by impinging upon state jurisdiction over retail rates. Please click here for more...
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