What Biden’s Victory Means for Electric Cooperatives
Joe Biden’s victory in the presidential race sets the stage for potentially sweeping environmental policy changes. However, his planned policy agenda would be muted by what now looks to be a divided Congress, with a Republican-led Senate and a diminished Democratic majority in the House. In the near term, Biden is expected to push for a broad economic stimulus plan shortly after he takes office in January, presenting opportunities for NRECA to secure more pandemic relief for coops and their consumer-members. Over the longer term, electric coops will work to shape a $2 trillion environmental plan Biden campaigned on that would eliminate carbon dioxide emissions from the electric power sector by 2035 and replace fossil fuels with zero-emission sources such as wind, solar, nuclear, hydropower and biomass.
