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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...

 

HTMLHaiti Welcomes New Coop
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on March 3, 2014
Coopérative Electrique de l’Arrondissement des Coteaux is a new electric cooperative, established with assistance from NRECA International Ltd. in Haiti. As of now, the cooperative can serve about 1,600 customers, and its infrastructure consists of 33 miles of power lines.

 

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.

 

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.

 

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.

 

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,...

 

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...

 

HTMLDOE Conditionally Approves Cameron LNG Exports to Non-FTA Nations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
Today, the U.S. Department of Energy issued an order approving Cameron LNG’s application to export 1.7 Bcf/day (approximately 12 million metric tons/year) of LNG over a 20-year period from the proposed Cameron LNG export terminal (“Cameron Terminal”) in Hackberry (Cameron Parish),...

 

HTMLJapan Looks at Canadian LNG Supplies but Potential Obstacles Remain
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 22, 2014
The Globe and Mail reports that the Japanese government and Tokyo Electric Power Company are looking favorably upon obtaining LNG from British Columbia (B.C.), Canada. However, possible shortages of labor for terminal construction, details of the impending B.C. LNG tax, and the potential for a...

 

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...

 


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