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House Bill Would Give Coops Tax Credits to Help Pay Retirement Costs

NRECA is supporting a bipartisan House bill that would give electric cooperatives a temporary tax credit to help keep their retirement plans funded during the COVID-19 pandemic. The Preserving Employee Retirement Savings Act would provide a two-year tax credit for up to 20% of the retirement costs paid by coops and other small businesses experiencing hardships because of the pandemic....

NRECA Supports Bipartisan Legislation Giving Electric Cooperatives Tax Credit for Retirement Funds

The National Rural Electric Cooperative Association (NRECA) supports The Preserving Employee Retirement Savings Act, introduced by Reps. Brad Schneider, D-Ill., and Mike Kelly, R-Pa., which would grant electric cooperatives a two-year tax credit for up to 20% of their retirement fund costs. The tax credit could generate as much as $100,000 in 2020 and 2021 for each eligible electric...

Coops Help Install a Microgrid for an Egg Farm

The National Rural Electric Cooperative Association, North Carolina EMC and Tideland EMC have worked in partnership to facilitate installation of a system comprised of a 2 MW solar array, a 2.5 MW battery, backup diesel generation and a controller that will serve the Rose Acre Farms egg farm in Hyde County, NC.

NRECA, DOE Launch Rural Battery Storage Research Projects

The National Rural Electric Cooperative Association (NRECA) this week launched four rural battery storage projects in partnership with five electric cooperatives and the Department of Energy (DOE) Office of Electricity. Projects are being funded in part by DOE and will examine how energy storage systems can improve the resilience of critical infrastructure in rural areas.

NRECA Urges Congress to Include RUS Debt Relief in Upcoming COVID-19 Stimulus Package

The National Rural Electric Cooperative Association (NRECA), which represents more than 900 electric cooperatives in the US, is urging Congress to include a provision in the next COVID-19 stimulus package that would allow electric coops to reprice loans from the Rural Utilities Service (RUS) at current low interest rates without penalties. Current RUS loan rules apply hefty prepayment...

Leaders of Electric Cooperatives Discuss Safety Measures Taken to Protect the Safety and Health of Their Employees During COVID-19

Senior electric coop leaders recently spoke with the National Rural Electric Cooperative Association (NRECA) and T&D World about safety measures being implemented to protect the safety and health of their employees during the COVID-19 pandemic. Although coops have moved swiftly to protect the safety and health of their employees and the public, some of the challenges moving forward...

NRECA Releases Statement on Social Justice

The National Rural Electric Cooperative Association (NRECA) released a statement on social justice in America expressing its commitment to promoting a positive and inclusive culture.

State Cooperatives See Surging Delinquencies in Light of Coronavirus

Electric cooperatives are facing a number of challenges due to the coronavirus, including a growing number of customers who are unable to pay their bills. In Oklahoma, cooperatives voluntarily agreed to implement a moratorium on non-payment disconnections, and have waived disconnection, reconnection and other service fees for now.

Coops Stare Down Virus Costs

Electric cooperatives could lose up to $10 billion from the effects of the coronavirus according to the National Rural Electric Cooperative Association (NRECA). A drop in electricity sales, combined with potential revenue lost from unpaid bills, could cost cooperatives. The NRECA has asked Congress for relief.

NRECA Requests COVID-19 Relief from Congress

The National Rural Electric Cooperative Association (NRECA) is asking Congress for relief from potential economic hardship its members may experience as a result of COVID-19. As Congress prepares to pass additional virus relief, NRECA will seek the inclusion of measures geared towards supporting cooperatives.

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