New York Cooperative Enters into Purchase Agreement
Posted on Apr 2, 2021
Tri-County Rural Electric Cooperative (Tri-County) entered into an asset purchase agreement to acquire the Waverly, NY electric distribution assets of Pennsylvania Electric Co. (Penelec). Tri-County intends to add Penelec’s customers in Waverly to its cooperative membership upon completion of the acquisition.
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NRECA Reacts to Biden Infrastructure Plan
Posted on Apr 2, 2021
In a statement released Wednesday, the National Rural Electric Cooperative Association (NRECA) announced it was encouraged to see electric coop priorities reflected in President Biden’s infrastructure proposal. Select provisions that will benefit coops and their customer-members are $100 billion to update the nation’s energy grid and expand existing transmission infrastructure, and $15 billion for energy demonstration projects, including utility-scale battery storage, carbon capture and storage, and advanced nuclear energy.
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Cobb EMC Announces 2030 Clean Energy Goals
Posted on Mar 30, 2021
Over the last decade, Cobb EMC has been investing in smart, renewable energy technology for its members and is on schedule to attain its clean energy goals by 2030. The installation of rooftop solar panels on campus, the completion of a Solar Flower Garden, the activation of battery storage, and additional utility-scale solar later this year are all keeping Cobb EMC’s sustainability goals on track.
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Electric Coop Ranks With Top Innovative Businesses
Posted on Mar 30, 2021
BARC Electric Cooperative was named the seventh most innovative company in North America in 2021 by Fast Company, the media firm that ranks advancements across all sectors worldwide. Serving nearly 13,000 members in Virginia’s Shenandoah Valley region, Millboro-based BARC is the first electric coop bestowed the honor.
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Tennessee Valley Authority to Build Kentucky’s Largest Solar Site
Posted on Mar 30, 2021
The Tennessee Valley Authority (TVA) announced plans last Thursday to build the largest solar-plus-storage project in its Kentucky service area. The new Logan County solar farm, part of the TVA’s Green Invest program, will provide Facebook’s regional data center operations with 145 megawatts of solar power and General Motors’ Corvette Plant in Bowling Green with 28 megawatts of solar power. Facebook’s investment helped enable the addition of 120 megawatt-hours of new battery storage technology which will increase the resilience of the power grid. TVA and Warren Rural...
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RUS Loan Repricing Bill Reintroduced
Posted on Mar 26, 2021
A bipartisan group of legislators reintroduced the Flexible Financing for Rural America Act this week. The law would permit electric coops to reprice loans from the U.S. Department of Agriculture’s Rural Utilities Service (RUS) at current rates without prepayment penalties, potentially resulting in savings of $10 billion for about 500 coops.
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Texas Coop to Strengthen Infrastructure
Posted on Mar 19, 2021
Upshur Rural Electric Cooperative is currently replacing and increasing the number of poles and lines in anticipation of “storm season” in East Texas. The coop believes the investment will save money down the road by avoiding repeated repairs.
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New Cyber Technology Provides Real-Time Defense
Posted on Mar 16, 2021
New technology developed to rapidly identify and defend against emerging cybersecurity threats is being demonstrated at a growing number of electric cooperatives nationwide. The technology is being developed by the National Rural Electric Cooperative Association and its partners BlackByte Cyber Security LLC and Referentia Systems Inc. through a cooperative agreement with the U.S. Department of Energy.
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USDA Invests $598 Million in Rural Electric Infrastructure After Severe Weather
Posted on Mar 16, 2021
The U.S. Department of Agriculture (USDA) announced today a $598 million rural electric loan package to build or improve electric infrastructure in 11 states through the Electric Loan Program. This funding will benefit 460,000 rural residents and businesses in Arizona, Kentucky, Maine, Minnesota, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, Utah and Virginia. Several of the loans will help expand smart grid technologies.
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VEC and GMP Announce Broadband Deployment Program
Posted on Mar 15, 2021
Vermont Electric Co-op (VEC) and Green Mountain Power (GMP) each launched a Broadband Deployment Program to help rural Vermonters get connected to broadband quickly and cost-effectively. The plans approved Friday by the Vermont Public Utility Commission lower the cost for broadband providers to connect the hardest-to-serve customers by offering up to $2,000 per unserved location for infrastructure connection costs. The program aims to create greater equity for customers to access the economic, educational and social benefits that come with connectivity, including the ability to choose...
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NRECA Urges NTIA to Award Grants for Tribal Land Broadband Expansion
Posted on Mar 12, 2021
The National Telecommunications & Information Administration (NTIA) is currently formulating its Tribal Broadband Connectivity Grants Program, which was created by the pandemic relief passed by Congress in December 2020. The National Rural Electric Cooperative Association (NRECA) is recommending that NTIA implement the Program with flexibility and efficiency, offering grants to tribal communities even If they were covered by previous broadband auctions.
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J. Andrew Don Selected as CEO of CFC
Posted on Mar 12, 2021
Effective May 3, 2021, J. Andrew Don will serve as Chief Executive Officer of the National Rural Utilities Cooperative Finance Corporation (CFC). Don currently serves as CFC’s Chief Financial Officer.
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Texas Coop Requests Suspension of ERCOT Invoicing, Billing, Collection
Posted on Mar 5, 2021
Rayburn Country Electric Cooperative asked Texas state regulators to order the Electric Reliability Corporation of Texas (ERCOT) to suspend invoicing, billing and collection of charges related to February’s power outages after it was discovered that ERCOT may have charged $16 billion more than it should have during the mid-February winter storm. The coop says charges “stand to cause Texans financial devastation, with sky-high bills from the basic failure of the energy markets.”
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Brazos Electric Power Cooperative, Inc. Files for Bankruptcy
Posted on Mar 1, 2021
Brazos Electric Power Cooperative, Inc. (Brazos) recently filed bankruptcy in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator, Electric Reliability Council of Texas (ERCOT). Brazos is one of dozens of electricity providers in Texas facing enormous charges stemming from severe cold snap last month. Unusually frigid temperatures knocked out nearly half of the state’s power plants in mid-February, leaving 4.3 million people without heat or light for days and bursting water pipes that damaged homes and businesses. Brazos and others that committed to...
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