Electric Coops Adding New Members Despite U.S. Rural Population Declines
Posted on Jun 6, 2012 in Uncategorized | Comments Off on Electric Coops Adding New Members Despite U.S. Rural Population Declines
Recent demographical statistics show that the population of rural parts of the United States is slowly declining, and the percentage of rural population is at an all-time low. In 2011, only 16.4 percent of the nation’s population lived in rural areas. In spite of this shift, electric cooperatives have continued to add members, adding 187,000 new members in 2010. For...
Southern Montana Electric to Continue Receiving Power During Restructuring
Posted on Nov 23, 2011 in Uncategorized | Comments Off on Southern Montana Electric to Continue Receiving Power During Restructuring
Southern Montana Electric Generation & Transmission Cooperative, which filed for bankruptcy protection in October, will continue receiving power from its suppliers. U.S. Bankruptcy Judge Ralph Kirscher approved agreements that will keep power flowing to the Billings-based coop. NorthWestern Energy, PPL EnergyPlus, and the Western Area Power Administration have all...
Russian Gas Producer Making Gains in U.S. Coop Market
Posted on Oct 10, 2011 in Uncategorized | Comments Off on Russian Gas Producer Making Gains in U.S. Coop Market
Gazprom, a Russian gas producer, and Associated Electric Cooperative have entered into a long-term contract, which provides that Gazprom will supply natural gas to Associated Electric Cooperative’s St. Francis power plant in Missouri. The plant consumes as much as 86 million cubic feet of natural gas per day, and the contract will run through August 2034. The Russian...
Basin Electric Cooperative Launches Private Placement
Posted on Oct 5, 2011 in Uncategorized | Comments Off on Basin Electric Cooperative Launches Private Placement
Basin Electric Power Cooperative launched a $300 million private placement market this week. To read more about the private placement, click here. (subscription required)
Cooperatives Highly Rated for Customer Satisfaction in New Study
Posted on Jul 13, 2011 in Uncategorized | Comments Off on Cooperatives Highly Rated for Customer Satisfaction in New Study
Several cooperatives received high marks in J.D. Power and Associates 2011 Electric Utility Residential Customer Satisfaction Study(SM). The study measures customer satisfaction with electric utility companies by examining six key factors: power quality and reliability; price; billing and payment; corporate citizenship; communications; and customer service. In the midsize utility...
New Hampshire Electric Cooperative Steps up Security to Prevent Copper Wire Theft
Posted on Jul 13, 2011 in Uncategorized | Comments Off on New Hampshire Electric Cooperative Steps up Security to Prevent Copper Wire Theft
After the second theft of copper cable in two weeks, New Hampshire Electric Cooperative will begin 24-hour security at its substations across New Hampshire. As was the case in the previous incident, the theft destroyed a 7,200 volt regulator at the Corliss Hill substation. Additional details on the thefts and security measures can be found here.
Lower Colorado River Authority General Manager Resigns
Posted on Jun 8, 2011 in Uncategorized | Comments Off on Lower Colorado River Authority General Manager Resigns
The general manager of the Lower Colorado River Authority, which has a number of electric cooperatives as customers, has announced his resignation effective July 1. This vacancy may lead to further changes in operations at the LCRA. The Texas Tribune has more details.
Cyber Thieves Target Cooperatives
Posted on May 25, 2011 in Uncategorized | Comments Off on Cyber Thieves Target Cooperatives
An investigation indicates that cyber criminals have targeted cooperatives along with other non-profit organizations for financial theft. Two reported thefts involved fraudulent automated clearinghouse transfers. Typically, the fraudulent transfers are so small that they go unnoticed, but the losses can quickly mount up. Electric Coop Today has more on the story and tips on how to...
TVA Forces Shutdown for Arab Electric Cooperative Customers
Posted on May 11, 2011 in Uncategorized | Comments Off on TVA Forces Shutdown for Arab Electric Cooperative Customers
Due to instability in the power grid, TVA forced Arab Electric Cooperative in Alabama to not provide power to non-essential small business and industries. This action stopped power to almost one million customers. The Arab Tribune has more on the story.
Legislation Laying Foundation for Iowa Nuclear Plant Approved
Posted on Apr 27, 2011 in Uncategorized | Comments Off on Legislation Laying Foundation for Iowa Nuclear Plant Approved
The Iowa House of Representatives approved legislation that would establish the financial parameters for MidAmerican Energy’s construction of a nuclear plant at an undisclosed location in Iowa. Additional details can be found at The Des Moines Register.
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