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Originally published at ILSR.org

After moving to Colorado, Joe Smyth found he was barred from participating in his generation and transmission cooperative — despite a Colorado law promoting co-op transparency.

For this episode of the Local Energy Rules Podcast, host John Farrell speaks with Joe Smyth, researcher at the Energy and Policy Institute and author of CleanCooperative.com. Farrell and Smyth discuss barriers to democratic participation in rural electric cooperative decision-making and how to promote transparency at all electric co-ops.

Listen to the full episode and explore more resources below — including a transcript and summary of the conversation.


Reforming the Rural Electric Cooperative

Joe Smyth has a history of environmental activism and clean energy advocacy, but did not take an interest in electric cooperatives until he was served by one. At a board meeting for his cooperative, Smyth watched as the co-op leaders grappled with the declining costs of solar energy.

In his view, the cooperative had two choices: treat solar energy as a threat and clamp down on net metering, or embrace the transition and support members as they go solar. He soon realized, however, that their decision was not that simple. Distribution cooperatives like his get their power from a larger wholesale power provider: the generation and transmission cooperative.

Rural electric cooperatives are a product of the New Deal era. Since it was not profitable to electrify sparsely-populated areas, rural America was left in the dark. The Rural Electrification Act of 1936 established hundreds of electric cooperatives which, with no shareholders or profit motive, could serve these areas with less overhead cost. Because electric co-ops are not-for-profit and owned by the customers, they are often unregulated by state agencies. Without that oversight, many cooperatives are falling behind as the electricity sector undergoes a rapid transition.

Customer-Owners Face Participation Barriers

In the absence of state law, electric cooperatives can set their own rules — including whether co-op members can attend board meetings. They can also decide what information they will publish and what to withhold. Without access to information, it is difficult for member-owners to have any input and influence over their cooperative.

We see some coops making decisions really behind closed doors, not informing their members about why they made decisions of where the electric cooperative is going as we transition away from coal

Colorado has long had a law ensuring cooperative transparency and access to board meetings. However, that transparency and access did not apply to the generation and transmission cooperative Tri-State. Since Tri-State’s decisions have “huge implications” for the coops they serve, says Smyth, there was a call for those decisions to be made in a public forum. A 2021 bill enacted by the Colorado General Assembly enforces that public forum.

We can’t have a democratically run utility unless there’s transparency and accountability.

Distribution Cooperatives Break Free of their Contracts

Prior to the 2021 bill, two electric co-ops successfully left Tri-State’s umbrella: Kit Carson Electric in New Mexico and Delta Montrose Electric Association in Colorado. These distribution cooperatives found that they could get cheaper wholesale rates elsewhere. The two co-ops, bound by the principle “concern for community,” also wanted to satisfy the local demand for renewable energy capacity.

Both Kit Carson and Delta Montrose faced multi-year processes to get out of their contracts with Tri-State. As the two broke away, the other distribution co-ops supplied by Tri-State watched carefully. Tri-State does not want to lose any more members, especially its largest customers. Because of this threat, says Smyth, Tri-State may now be willing to offer more flexibility to its remaining members.


Listen to our 2018 interview with Kit Carson General Manager Luis Reyes and our 2016 interview with Delta Montrose former Board Member Ed Marston.


Does Tri-State Have a Future?

To have any future at all, says Smyth, Tri-State needs to transition away from coal — it’s just too expensive. He hopes in that transition away from coal, Tri-State will also empower members to participate in decision making. Co-ops don’t just want affordable, clean energy, says Smyth. They want to provide input and support their communities.

What’s clear is that Tri-State now understands that they have to transition away from their uneconomic coal plants, both to keep their member co-ops and to comply with the rules that Colorado and New Mexico have … but whether they do that in a way that just reinforces the fairly centralized, top-down decision-making processes that they’ve historically operated under, or that more empowers their electric cooperative members, the distribution utilities, to do what makes sense for their communities, that’s not clear yet.

Episode Notes

See these resources for more behind the story:

For concrete examples of how towns and cities can take action toward gaining more control over their clean energy future, explore ILSR’s Community Power Toolkit.

Explore local and state policies and programs that help advance clean energy goals across the country, using ILSR’s interactive Community Power Map.


This is the 139th episode of Local Energy Rules, an ILSR podcast with Energy Democracy Director John Farrell, which shares powerful stories of successful local renewable energy and exposes the policy and practical barriers to its expansion.

Local Energy Rules is Produced by ILSR’s John Farrell and Maria McCoy. Audio engineering by Drew Birschbach.

This article originally posted at ilsr.org. For timely updates, follow John Farrell on Twitter, our energy work on Facebook, or sign up to get the Energy Democracy weekly update.

Featured photo credit: National Renewable Energy Lab via Flickr (CC BY-NC-ND 2.0)

 

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Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

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Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

Saudi Aramco’s Ras Tanura oil refinery and oil terminal

Ahmed Jadallah | Reuters

Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend.

The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a 5% drop from the previous quarter, which came in at $29.1 billion, as lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.

The average selling price of oil for the second quarter of 2024 stood at $85 per barrel, but dropped to $78.7 per barrel during the third quarter, according to Saudi-based bank Al Rajhi capital, as non-OPEC supply volumes grew.

The oil firm said its year-on-year decline was partly offset by a “reduction in selling, administrative and general expenses primarily driven by a gain from derivative instruments, and a decrease in production royalties largely reflecting lower crude oil prices and a lower average effective royalty rate compared to the same quarter last year.”

Aramco’s dividend includes a base payout of $20.3 billion and an atypical performance-linked one of $10.8 billion. The Saudi government and the kingdom’s sovereign wealth vehicle, the Public Investment Fund, are the main beneficiaries of the dividend, holding stakes of roughly 81.5% and 16% in the company.

The remaining shareholding trades freely on Saudi Arabia’s Tadāwul stock exchange, with the company having finalized its second public share offering back in June.

Aramco’s earnings before Interest and Taxes (EBIT) came in at $51.45 billion in the third quarter, down 17% year-on-year. Aramco’s capital expenditure guidance was brought up 20% to $13.23 billion.

The company was trading at 27.45 riyals following the announcement, down 0.18% on the previous day.

The earnings align with a broader trend across oil majors, whose third-quarter profits have also suffered from declines in crude prices and refining margins. Aramco said it achieved average realized crude price of $79.3 per barrel in the third quarter, compared with $89.3 per barrel in the same period of last year.

Saudi Arabia, the world’s largest crude exporter who produces roughly 9 million barrels per day of crude at present, serves as the de facto leader of the OPEC+ oil producers’ alliance, a subset of whom agreed over the weekend to delay a planned December output hike by one month.

OPEC chief says delayed December output hike is 'nothing unusual'

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” CEO Amin Nasser said in a statement. “We also progressed our upstream developments, strengthened our downstream value chain, and advanced our new energies program as we continue to invest through cycles.”

The revenues will be a boon to the Saudi economy, which is currently undergoing a diversification process under Crown Prince Mohammed bin Salman’s legacy Vision 2030 scheme spanning a slew of high-cost infrastructure “gigaprojects.”

Earlier this year, Saudi Arabia’s Ministry of Finance cut the kingdom’s growth forecast to 0.8% in 2024, in a steep decline from a previous projection of 4.4%, and raised the outlook for the national budgetary shortfall to roughly 2.9% of GDP, from a prior indication of 1.9%.

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

Read more: Renewables now make up 30% of US utility-scale generating capacity

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This ‘supercharger on wheels’ brings fast charging to you [update]

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”


May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

Read more: Mercedes-Benz just opened more DC fast chargers at Buc-ee’s in Texas


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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