Arkansas Cooperatives Developing Broadband
Posted on Nov 13, 2018 in Uncategorized | Comments Off on Arkansas Cooperatives Developing Broadband
Six electric cooperatives in Arkansas are bringing high-speed broadband internet access to thousands of their members and plan to offer it to all of their members within the next four to six years.
NRECA Study: Rural Communities Losing Billions Due to Digital Divide
Posted on Sep 11, 2018 in Uncategorized | Comments Off on NRECA Study: Rural Communities Losing Billions Due to Digital Divide
According to new research by the National Rural Electric Cooperative Association (“NRECA”), the lack of broadband access for 6.3 million electric cooperative households results in more than $68 billion in lost economic value. The study, which analyzed the value that households place on broadband access, found that some America households with broadband access receive, on average, a...
Solar Surges in Rural Communities
Posted on Sep 7, 2018 in Uncategorized | Comments Off on Solar Surges in Rural Communities
Five years ago, many cooperatives viewed solar energy as an accessory rather than a real power supply option. However, in the last half-decade, as the costs to install solar have gone down and cooperatives have gained experience with this energy resource, solar power has become a mainstay energy resource.
Indiana Study: Rural Broadband Would Provide Billions in Economic Benefits
Posted on Sep 4, 2018 in Uncategorized | Comments Off on Indiana Study: Rural Broadband Would Provide Billions in Economic Benefits
A Purdue University study, which examined the costs, benefits and investments of broadband deployment in seven cooperative territories, has found that broadband internet access in those rural areas could mean $12 billion in economic benefits for Indiana. According to Tom VanParis, CEO of Indiana Electric Cooperatives, the areas of Indiana that lack affordable and reliable high-speed...
VEC Gets $1,700,000 for Storm Damage Repair
Posted on Sep 4, 2018 in Uncategorized | Comments Off on VEC Gets $1,700,000 for Storm Damage Repair
Vermont Electric Cooperative, Inc. (VEC) is getting a grant from the Federal Emergency Management Agency (FEMA) to help repair 54 transformers and nearly 2,900 miles of transmission and line poles damaged by a severe storm and flooding in October of 2017. The money comes from FEMA’s Public Assistance program that reimburses communities and certain non-profit groups to help...
Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
Posted on Aug 23, 2018 in Regulation & Policy, Uncategorized | Comments Off on Legal Alert: SEC Adds Two New Disclosure Events to Rule 15c2-12
On August 20, 2018, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 that require additional disclosure related to the material financial obligations of municipal issuers and conduit borrowers. View the full legal alert.
Development of a Proposed 220 MW Wind Farm Continues to Advance
Posted on Aug 23, 2018 in Uncategorized | Comments Off on Development of a Proposed 220 MW Wind Farm Continues to Advance
sPower is developing a $297 million wind farm in South Dakota. sPower would operate the wind farm and sell the power to North Dakota-based Basin Electric Power Cooperative.
Cooperative Enters Into Largest Solar PPA for an Electric Cooperative in Texas
Posted on May 25, 2018 in Renewable Energy, Uncategorized | Comments Off on Cooperative Enters Into Largest Solar PPA for an Electric Cooperative in Texas
Brazos Electric Power Cooperative, Inc., along with CoServ Electric, have entered into a multiyear PPA with 7X Energy, Inc. for the sale of solar energy from a 35 MW solar project in Andrews County, Texas.
Eversheds Sutherland – 40+ Years Focused on Coops
Posted on Apr 2, 2018 in Uncategorized | Comments Off on Eversheds Sutherland – 40+ Years Focused on Coops
Eversheds Sutherland is proud of the work we have done and the relationships we have built with our electric cooperative clients over the past 40 years. We have posted a three-minute video to the blog that highlights some of our accomplishments and provides an overview of Eversheds Sutherland’s global capabilities.
Legal Alert: Patronage Capital Case Dismissed
Posted on Mar 7, 2018 in Uncategorized | Comments Off on Legal Alert: Patronage Capital Case Dismissed
A federal court in Pennsylvania has dismissed a putative class action against REA Energy Cooperative seeking the return of approximately $53 million in patronage capital. The court found that state law and the cooperative’s bylaws allowed the board of directors to determine when patronage capital would be returned to members. The court rejected the plaintiffs’ attempts to limit the...
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