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HTMLVermont Coop Spends More than $7 Million on Damage from Ice Storm
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 24, 2014
Vermont Electric Cooperative (VEC) recently spent an unprecedented sum to repair damage caused by recent ice storms. While the cost is significant for a coop of VEC’s size, the coop’s goal is to find efficiencies and other ways to avoid rate increases.

 

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.

 

HTMLGeorgia Coop Retires Nearly $11 Million in Patronage Capital
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 21, 2014
Sawnee Electric Membership Corporation (Sawnee EMC) has announced that it will retire $10.6 million to approximately 63,900 eligible members through a general retirement of patronage capital for the years 1991, 1992 and 1993. This means that members that received electric service from Sawnee EMC...

 

HTMLMagnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 29, 2014
Magnolia LNG has executed a legally binding Precedent Agreement with Kinder Morgan Louisiana Pipeline (KMLP) for firm transportation rights for the full 8 million tonnes/year capacity of the Magnolia LNG export terminal at Lake Charles, La. According to the press release, KMLP will proceed to file...

 

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.

 

HTMLArticle Discusses Issues Raised by Alaska’s Participation in LNG Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 22, 2014
An article in the Alaska Dispatch discusses royalty, taxes, and market issues associated with the State of Alaska’s recent signing of an agreement to participate in the proposed Alaska LNG project, a proposed pipeline and LNG export terminal intended to access North Slope gas supplies for...

 

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...

 

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...

 

HTMLVermont Net Metering Program May Be Overhauled
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 21, 2014
Vermont lawmakers are striving to raise the existing cap on the state’s net metering program to match the growing demand for residential renewable energy generation. A bill, approved by the House Natural Resources and Energy Committee last week, offers a fast-track solution ahead of larger...

 

HTMLIowa Companies Sue City Over Franchise Fees
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 4, 2014
Eighteen companies in Dubuque, Iowa, have filed suit against the city over its refusal to reimburse franchise fees. The plaintiffs claim that they have paid franchise fees on gas and electric utility bills imposed by utilities, including Maquoketa Valley Electric Cooperative.

 


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