Electric Cooperatives Seek Authority to Issue Securities
Summary
The Utah Public Service Commission has received a joint application from several electric cooperatives, including Deseret Generation & Transmission Co-Operative, for authority to issue securities in the form of an extended line of credit and a secured promissory note. The Division of Public Utilities has submitted comments on the application.
What changed
The Utah Public Service Commission (PSC) is reviewing a joint application filed by Deseret Generation & Transmission Co-Operative, Bridger Valley Electric Association, Dixie Power, Garkane Energy Cooperative, Inc., Moon Lake Electric Association, Inc., and Mt. Wheeler Power, Inc. The application seeks authority to issue securities, specifically an extended line of credit and a secured promissory note. The Division of Public Utilities has filed redacted comments on the application, and a notice of filing and comment period has been issued.
Electric cooperatives and related entities involved in this application must be aware of the ongoing review process. The PSC has issued an action request with an "ASAP" due date, indicating a need for prompt attention. Interested parties may have an opportunity to submit comments, as indicated by the notice of filing and comment period. Compliance officers should monitor the PSC's docket for further updates and potential requirements related to the approval of these securities.
What to do next
- Monitor PSC docket for updates on the application for authority to issue securities.
- Review Division of Public Utilities comments and any public comments submitted.
Source document (simplified)
Docket No: 26-066-01
Electric Docket Year: 2026
Dixie Power – Application of Deseret Generation & Transmission Co-Operative, Bridger Valley Electric Association, Dixie Power, Garkane Energy Cooperative, Inc., Moon Lake Electric Association, Inc., and Mt. Wheeler Power, Inc. for Authority to Issue Securities in the Form of an Extended Line of Credit and Secured Promissory Note
For questions regarding documents not linked call 801-530-6716
| Date | Description |
| --- | --- |
| March 26, 2026 | Redacted Comments from the Division of Public Utilities
Comments from the Division of Public Utilities [CONFIDENTIAL]
|
| March 20, 2026 | Notice of Filing and Comment Period |
| March 17, 2026 | Action Request, Due: A.S.A.P. |
| March 16, 2026 | Redacted Verified Joint Application for Authority to Issue Securities
Verified Joint Application for Authority to Issue Securities [CONFIDENTIAL]
Redacted Exhibit A – Extended Line of Credit
Exhibit A – Extended Line of Credit [CONFIDENTIAL]
Redacted Exhibit B – Promissory Note
Exhibit B – Promissory Note [CONFIDENTIAL]
Redacted Exhibit C – Member Guarantees
Exhibit C – Member Guarantees [CONFIDENTIAL]
Redacted Exhibit D – Resolution
Exhibit D – Resolution [CONFIDENTIAL]
Redacted Exhibit E – BME Resolution
Exhibit E – BME Resolution [CONFIDENTIAL]
|
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