USDA Takes Steps to Release Co-op Funding That Will ‘Unleash American Energy’

The Department of Agriculture on March 25 announced next steps to release previously obligated funding under key programs that will help electric cooperatives modernize their systems.

The announcement advances the Trump administration’s review of funds awarded through the USDA’s Empowering Rural America (New ERA), Powering Affordable Clean Energy (PACE) and Rural Energy for America (REAP) programs. Agriculture Secretary Brooke Rollins is giving co-ops 30 days to review and make voluntary changes to New ERA and PACE project plans so that they better align with the letter of the law and President Donald Trump’s policy agenda.

“These programs provide important tools for co-ops to invest in their systems, unleash American energy and help meet skyrocketing energy needs,” NRECA CEO Jim Matheson said. “We thank Secretary Rollins and the Trump administration for recognizing the importance of these programs and outlining next steps to release these funds.”

Click here to view the original article from the National Rural Electric Cooperative Association (NRECA).