ARLINGTON, Va. – National Rural Electric Cooperative Association (NRECA) CEO Jim Matheson today issued the following statement on the Manchin/Schumer energy and climate bill.
“As our nation works towards a future that depends on electricity to power our economy, electric cooperatives have made great strides to diversify their energy portfolios,” NRECA CEO Jim Matheson said. “As electric co-ops continue to innovate and lead, direct access to energy innovation tax incentives is absolutely critical. This bill creates direct incentives for co-ops to bolster investments in carbon capture, grid modernization, renewables, battery storage and other energy technologies. I thank Sen. Manchin for his strong leadership on this issue and his commitment to securing a brighter future for rural America.”
The National Rural Electric Cooperative Association is the national trade association representing nearly 900 local electric cooperatives. From growing suburbs to remote farming communities, electric co-ops serve as engines of economic development for 42 million Americans across 56 percent of the nation’s landscape. As local businesses built by the consumers they serve, electric cooperatives have meaningful ties to rural America and invest $12 billion annually in their communities.