RUS Accepting Applications for Broadband Loans
he USDA announced on March 10, 2011, that the Rural Utilities Service (RUS) is now accepting applications for broadband loans under the Broadband Loan Program. Although a final appropriations act has not yet been passed, RUS issued the notice now to give applicants time to submit proposals and allow RUS time to process applications within the current fiscal year.
AHC Attorney G. Mark Cole Named to NERC Rules Drafting Team
As the nation’s interstate electricity regulator, the Federal Energy Regulatory Commission (FERC) recently ordered the North American Reliability Corporation (NERC) to develop a revised definition
IRS Awards Clean Renewable Energy Bonds to Electric Cooperatives
Cooperatives are eligible to receive clean renewable energy bonds (CREBs) under the Internal Revenue Code. As explained by AHC attorney David R. Cook, CREBs are
Cooperatives Consider Calls for Transparency
The article discusses current cooperative practices, examines the state open access and open records law applicable to public entities, and, for those cooperatives interested in developing open access policies, provides guidance on drafting such policies.
Considerations in Developing Renewable Energy Projects
AHC attorneys David R. Cook and Roland F. Hall identify a number of considerations in developing renewable energy projects in a recent AHC Construction Alert. They combine their energy and construction expertise to remind project owners and developers of a few key points that arise in most projects. In the coming week, AHC Attorney David R. Cook will also address another extremely important consideration in renewable energy and energy efficiency projects: construction delay.
New Capital Credits Lawsuit Targets Practice of Discounting Estates’ Capital Credits
A new class action lawsuit was filed on behalf of deceased members of South River Electric Membership Corporation, based in Dunn, N.C. The complaint centers around the electric cooperative’s practice of discounting the capital credits of estates to present value, a common practice by many cooperatives.
Capital Credit Litigation Update: Court Affirms Dismissal of Capital Credits Lawsuit
In a previous post, we discussed litigation against cooperatives involving their capital credit practices. That post contains a link to a summary discussing specific cases. One of those cases involved Carroll Electric Cooperative Corporation, an Arkansas electric cooperative. Earlier this month, the Supreme Court of Arkansas affirmed a lower court’s dismissal of the case.
Can the Cooperative Model Help America’s Healthcare System?
Can the Cooperative Model Help America’s Healthcare System?
Cooperatives’ Capital Credit Accounts Viewed as Lucrative Targets for Class Action Litigation
Several electric cooperatives throughout the country have been the subject of class action lawsuits targeting their unretired capital credits. The lawsuits were filed by one or more members or former members against the cooperative and, in some instances, against directors and management. In this blog post, we discuss one non-legal measure to avoid such lawsuits and bolster coopertives’ defenses. We recommend education of cooperative management, employees, directors, and especially members.
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