NRECA CEO Promotes Diverse Electric Generation Options
Posted on Oct 31, 2019 in Legislative & Politics, Regulation & Policy | Comments Off on NRECA CEO Promotes Diverse Electric Generation Options
In testimony before the House Energy and Commerce Subcommittee of Congress, Jim Matheson, CEO of the National Rural Electric Cooperative Association (NRECA), stressed the importance of a diverse mix of fuel, including coal and natural gas, to provide affordable electricity rates from electric cooperatives serving rural communities. Jim Matheson was one of six witnesses to testify at...
Q&A: RURAL Act Sponsors Discuss Strategy for Passage
Posted on Oct 29, 2019 in Broadband, Legislative & Politics | Comments Off on Q&A: RURAL Act Sponsors Discuss Strategy for Passage
More than a third of senators have now signed on to support the RURAL Act, a bipartisan bill to protect electric cooperatives’ tax-exempt status. As of Monday, 38 senators were co-sponsoring the bill, which would allow not-for-profit coops to accept government grants for disaster relief, broadband service, and other priorities without losing their tax-exempt status.
U.S. Secretary of Agriculture Delivers Broadband Grant to Forked Deer Electric Cooperative
Posted on Oct 28, 2019 in Legislative & Politics, Technology | Comments Off on U.S. Secretary of Agriculture Delivers Broadband Grant to Forked Deer Electric Cooperative
U.S. Secretary of Agriculture Sonny Perdue recently delivered a $2.8 million grant to Forked Deer Electric Cooperative for rural broadband development. The grant is part of the ReConnect program, which began in 2018 with a $600 million budget to be disbursed for rural broadband in 2019.
Minnesota Coop Receives USDA Funding to Improve Electric Systems
Posted on Oct 24, 2019 in Grid & Infrastructure, Technology | Comments Off on Minnesota Coop Receives USDA Funding to Improve Electric Systems
Meeker Cooperative Light and Power Association (Meeker) will use a $7.1 million loan to install a fiber backbone that will enable two-way communications between 14 substations and the coop’s headquarters. The funds are a part of the $22 million Meeker received from the U.S. Department of Agriculture’s (USDA) Electric Loan Program to improve its distribution system.
DOE Announces Funding to Advance Wind Energy
Posted on Oct 24, 2019 in Renewable Energy | Comments Off on DOE Announces Funding to Advance Wind Energy
The U.S. Department of Energy (DOE) announced that the National Rural Electric Cooperative Association is one of 13 projects to receive a total of $28 million to advance wind energy nationwide.
Majority of House Members Co-sponsor RURAL Act
Posted on Oct 17, 2019 in Legislative & Politics, Tax | Comments Off on Majority of House Members Co-sponsor RURAL Act
A majority of the members of the House of Representatives are co-sponsoring the RURAL Act, which is a bill addressing electric cooperatives’ tax-exempt status.
House Lawmakers Co-sponsor Bill to Solve Unintended Tax Consequence Problem
Posted on Oct 14, 2019 in Legislative & Politics, Tax | Comments Off on House Lawmakers Co-sponsor Bill to Solve Unintended Tax Consequence Problem
A bipartisan majority in the U.S. House of Representatives recently co-sponsored legislation to fix an unintended consequence for electric cooperatives from the 2017 federal tax law changes. Under the current federal tax laws that were adopted in 2017, coops that receive federal, state or local government grants are at risk of losing their tax-exempt status. The RURAL Act aims to...
USDA Invests in Rural Electric Infrastructure
Posted on Oct 11, 2019 in Grid & Infrastructure | Comments Off on USDA Invests in Rural Electric Infrastructure
The U.S. Department of Agriculture (USDA) has announced that it will invest $251 million to upgrade rural electric systems in 13 states. The investment includes funding to finance smart grid technologies that improve system operations and monitor grid security, as well as funding to help build and improve 1,971 miles of line to improve electric reliability in rural areas.
Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Posted on Oct 7, 2019 in Legislative & Politics, Technology | Comments Off on Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Tim Johnson, CEO of Otsego Electric Cooperative, recently testified before a congressional committee with respect to coops’ tax-exempt status under the Tax Cuts and Jobs Act. Johnson advocated that Congress fix the federal tax code so that not-for-profit cooperatives would no longer lose their tax-exempt status by taking federal, state or local grants to bring broadband service to...
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