Issues & Policy
Latest news on policy priorities for electric co-ops:
President Joe Biden’s infrastructure and jobs plan would affect co-ops by increasing investment in broadband and electric vehicles, strengthening grid resiliency and dramatically reducing carbon dioxide emissions. The plan includes a key provision that would make not-for-profit co-ops eligible for the first time for direct-pay investment tax credits and production tax credits for clean energy generation and storage projects. One of NRECA’s legislative goals this year is to ensure that co-ops are included in federal incentive programs that encourage the use of renewable energy.
Read more: Biden’s Infrastructure Plan: What Co-ops Need to Know
One of NRECA’s top legislative priorities is the Flexible Financing for Rural America Act, a bipartisan bill that could save co-ops more than $10 billion by allowing them to reprice loans from the Rural Utilities Service at current low interest rates without being hit with prepayment penalties.
Read more: Lawmakers Reintroduce RUS Loan Repricing Bill