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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,...

 

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.

 

HTMLRate Case Returned to Surface Transportation Board for Review
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 18, 2014
The U.S. Court of Appeals for the District of Columbia Circuit has decided that the Surface Transportation Board must revisit the arguments of BNSF Railway Company about how to allocate costs and revenues in the $345 million electric rate case involving Basin Electric Power Cooperative and Western...

 

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...

 

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.

 

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...

 

HTMLCoast Guard Releases Draft Policy Letters on LNG Safety When Used as Ship Fuel
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 10, 2014
The U.S. Coast Guard issued a notice seeking public comment on two draft policy letters regarding safety measures for LNG when used as ship fuel. The first draft policy letter provides voluntary guidance for LNG fuel transfer operations on vessels using natural gas as fuel in U.S. waters, as well...

 

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...

 

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.

 


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