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HTMLArticle Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 20, 2014
An article in Financial Post discusses how the proposed Oregon LNG and Jordan Cove Energy Project LNG terminals in Oregon may provide a quicker alternative for Canadian gas to reach Asian markets than LNG exports from proposed British Columbia LNG export terminals. According to the article, if...

 

HTMLSioux City Looks to Settle Excessive Fee Claims
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 3, 2014
Residents in multiple Iowa cities have filed lawsuits claiming that franchise fees added to customers’ utility bills by those cities were excessive and amounted to an illegal tax. Despite the Iowa legislature’s subsequent passing of a law legalizing franchise taxes of up to 5 percent,...

 

HTMLMinnesota Coop Members Allowed to Pre-Purchase Energy
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 4, 2014
Lake Region Electric Cooperative, based in Pelican Rapids, Minnesota, is investing in a community solar initiative through a program that gives its members the chance to buy part of the solar output from the HQ Prairie solar project built at the coop’s headquarters.

 

HTMLTexas Coop Amends and Extends CFC Facility
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
South Texas Electric Cooperative (STEC), a generation and transmission cooperative based in Nursery, Texas, recently amended and extended its $350 million revolving syndicated credit facility, for which the National Rural Utilities Cooperative Finance Corporation (CFC) serves as administrative...

 

HTMLCoops Urge EPA to Expand Uses of Coal Ash Considered Safe
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 25, 2014
The U.S. Environmental Protection Agency (EPA) has already recognized the benefits of certain uses of coal ash, and electric coops are now asking the EPA to conclude that it is safe for other uses. John Novak, Executive Director for Environmental Issues for the National Rural Electric Cooperative...

 

HTMLDroughts Threaten 2014 Hydro Production
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
Total water flow to the Northwest river system is now the 11th lowest total since recordkeeping started in 1960. This lingering drought in the West is causing a decreased output of hydro production and is likely to persist or intensify through the end of April in parts of Washington, Oregon, Idaho,...

 

HTMLIndiana Coop Becomes 100 Percent CFC Borrower
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 21, 2014
Indiana coop Jackson County Rural Electric Membership Corporation (Jackson County REMC) recently refinanced $100,000 in outstanding debt, making it a 100 percent National Rural Utilities Cooperative Finance Corporation (CFC) borrower.

 

HTMLFlorida Coop Retiring $5 Million in Capital Credits
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 4, 2014
Clay Electric Cooperative will distribute its 40th consecutive capital credits refund this March. This $5 million refund, which will be distributed to current and former customers who received service between 1987 and 2012, will appear be issued in the form of a credit on March bills to current...

 

HTMLArizona Coop Forgoes 100% Equity Financing, Becomes CFC Borrower
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
Duncan Valley Electric Cooperative (DVEC), based in Duncan, Arizona, recently borrowed from the National Rural Utilities Cooperative Finance Corporation (CFC) to prepay future National Rural Electric Cooperative Association Retirement Security Plan contributions.

 

HTMLLatest Round of USDA Loans Announced
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 30, 2014
As part of the U.S. Department of Agriculture’s (USDA) Rural Economic Development Loan and Grant program, $13.9 million in loans and grants have been approved for electric coops spanning eight states.

 


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