Issues & Policy
Latest news on policy priorities for electric co-ops:
NRECA and its member co-ops are urging Congress to pass legislation to provide direct federal payments to electric cooperatives to develop renewable energy and battery storage projects. For-profit utilities already receive federal tax breaks for providing power from solar, wind and other renewable energy sources and for using carbon-capture technologies. But not-for-profit co-ops haven’t been able to get those incentives because they are exempt from federal income taxes. NRECA wants to ensure that direct-pay incentives are included in the large spending package that Congress is negotiating.
Co-ops’ Push for Direct-Pay Energy Incentives Sees Progress in Senate
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.
RUS Loan Repricing Bill Gains Support in Congress
Co-op Voices: How the RUS Repricing Bill Could Help Co-ops and Communities