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NEWS RELEASE
Biden-Harris Administration Invests in Clean, More Affordable Energy for Seven Rural Electric Cooperatives from South Carolina to Colorado as Part of Investing in America Agenda
More Than $3 Billion in Clean Energy Financing Will Help Lower Energy Costs and Reduce Pollution for Rural Americans
Westminster, Colo., Oct. 25, 2024 – Today Agriculture Secretary Tom Vilsack announced more than $3 billion through the United States Department of Agriculture’s (USDA) Empowering Rural America (New ERA) Program to lower electricity costs as part of President Biden and Vice President Harris’ Investing in America Agenda.
USDA is awarding nearly $2.5 billion in financing for Tri-State Generation and Transmission Association and has selected six rural electric cooperatives to move forward in the awards process for nearly $1 billion in New ERA funds. New ERA was made possible by President Biden’s Inflation Reduction Act, which makes the largest investment in rural electrification since President Franklin Delano Roosevelt signed the Rural Electrification Act into law in 1936.
To learn more, read full NEWS RELEASE.
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