The federal courts of appeals have generally recognized that electric cooperatives can retire patronage capital to their members through means other than annual cash payments. For example, the US Court of Appeals for the...more
10/19/2018
/ Appeals ,
Breach of Contract ,
Bylaws ,
Dismissals ,
Electric Cooperative ,
Federal Funding ,
Jurisdiction ,
Patronage Capital ,
Putative Class Actions ,
Removal ,
Utilities Sector
Pennsylvania’s REA Energy Cooperative, Inc. obtained dismissal of a putative class action lawsuit last year, a decision that was recently confirmed by the US District Court for the Western District of Pennsylvania. The...more
The Georgia Court of Appeals has affirmed the dismissal of two class action patronage capital lawsuits against Oglethorpe Power Corporation, Georgia Transmission Corporation (GTC), and certain distribution electric membership...more