Blogs

Search Blogs
Search by date
Choose From Date
Choose To Date
SearchClear

PRC and New Mexico Coop Face Off over Internet Spin Off

Kit Carson Electric Cooperative (Kit Carson) is pushing back against the New Mexico Public Regulation Commission (PRC) order to spin off the coop's subsidiary Internet business.  In September 2011, the PRC approved a rate increase for Kit Carson but orde
August 13, 2012

Kit Carson Electric Cooperative (Kit Carson) is pushing back against the New Mexico Public Regulation Commission (PRC) order to spin off the coop's subsidiary Internet business.  In September 2011, the PRC approved a rate increase for Kit Carson but ordered the coop to create a separate internet company within nine months based on potential liabilities associated with the its Internet and broadband services.  Kit Carson is arguing that reorganizing its internet company would violate contractual obligations associated with a $64 million grant/loan from the federal government.  The PRC will likely issue a procedural order in the next few weeks and a public hearing may be held next fall.  Click here for more.

Our Story

Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: DOL Fiduciary Rule Litigation Impacts
Videocast: DOL Fiduciary Rule Litigation Impacts
Atlanta, GA
Washington, DC
© 2016 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - PRC and New Mexico Coop Face Off over Internet Spin Off
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All