AEP subsidiary to buy Louisiana cooperative
Southwestern Electric Power Co. said that the 30,000 members of Valley Electric Membership Corp. will receive $30 million for their stake in the cooperative should the deal be approved. Members likely will vote early next year to dissolve the cooperative.
The cooperative's members are located south of Shreveport. The deal will double the size of Southwestern Electric's geographic footprint in Louisiana and bring economic opportunities along Interstate 49.
The utility has nearly 500,000 customers in Louisiana, Texas and Arkansas.
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UK windfarms generate record amount of electricity during Storm Malik
GLASGOW - The UK’s windfarms generated a record amount of renewable electricity over the weekend as Storm Malik battered parts of Scotland and northern England.
Wind speeds of up to 100 miles an hour recorded in Scotland helped wind power generation to rise to a provisional all-time high of more than 19,500 megawatts – or more than half the UK’s electricity – according to data from National Grid.
National Grid’s electricity system operator said that although it recognised the new milestone towards the UK’s ‘net zero’ carbon future, it was “also thinking of those affected by Storm Malik”.
The deadly storm caused widespread…
