The Rural Utilities Service recently amended its regulations for electric borrowers. These amendments affect the loan application requirements, approvals of work plans, contract bidding and… Read More »RUS Amends Several Regulations for Electric Borrowers
This final post in the series addresses sales of preferred shares. Unlike common shares, preferred shares can offer dividends and in most states, can be… Read More »Selling Preferred Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »Legal Requirements for Selling Common Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »The Role of Shares in Cooperatives
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,… Read More »Potential Exit from Power Supply Cooperative
October is National Cooperative Month. The USDA is holding a webinar about the resources available to support cooperative development in rural America, including updates on cooperative… Read More »Join the USDA Webinar for National Cooperative Month!
The New Hampshire Electric Cooperative, serving 115 mostly rural towns, is trying again to add delivering broadband internet to its core mission of delivering electricity.… Read More »New Hampshire Electric Cooperative Broadband Internet
In a lawsuit brought against a nonprofit, member-owned electric cooperative corporation, the plaintiff-members (“Plaintiffs”) alleged that Southwest Mississippi Electric Cooperative (the “Cooperative”) unlawfully failed to… Read More »Mississippi Cooperatives Win Big on Arbitration Clause in Bylaws
On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act provided an economic… Read More »Cooperatives May Qualify for Benefits Under CARES Act
In some rural areas, including in Georgia, residents and businesses lack quality internet access. As technology continues to develop, it is becoming increasingly needed by… Read More »First Electric Cooperative Files Broadband Documents with Georgia PSC
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