June 2017

Electric Cooperative Receives Favorable Interpretation of Excess Revenue Statute and Class Action Dismissal

Pratt's Energy Law Report
Christina M. Schwing | Lawrence J. Hamilton II | Laura B. Renstrom

In Simmons v West Florida Electric Cooperative Association, Inc., an excess revenue statute, the court held that it is a Florida statute requirement that a cooperative distribute excess revenues "unless otherwise determined by a vote of the members" was fulfilled when members voted to adopt bylaws.

READ: Electric Cooperative Receives Favorable Interpretation of Excess Revenue Statute and Class Action Dismissal

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