Potential Exit from Power Supply Cooperative

Dakota Energy has filed a lawsuit concerning its potential exit from a wholesale power supplier, East River Electric.  Dakota Energy’s concern is that East River’s bylaws require, as a condition to withdrawal, satisfaction of contractual obligations to East River.  And Dakota Energy is currently under a wholesale power contract with East River that extends until 2075, with no buyout provision.

Rather than continue to buy power under the wholesale power agreement, Dakota Energy is looking at buying on the open market or through SPP.

East River has requested that the case be moved to federal court.

Read more here.