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Rural co‑ops, Basin Electric outline application, cost‑sharing and upfront security for large loads
Summary
The North Dakota Association of Rural Electric Cooperatives and Basin Electric described how distribution co‑ops screen large customers and how Basin's new large‑load program requires developers to prepay study costs, provide contributions in aid to construction and bear transmission upgrade costs.
Representatives of North Dakota’s distribution cooperatives and Basin Electric told the interim committee that co‑ops and generation‑and‑transmission (G&T) providers are adapting onboarding and finance rules to protect legacy members from stranded costs while enabling large industrial and data‑center development.
"A cooperative is a business or other organization which is owned and governance, owned and governed by its members owners who share the profits or benefits," said Zach Smith, communications and government‑relations director for the North Dakota Association of Rural Electric Cooperatives. He explained co‑ops operate "at cost" and return excess as capital…
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