Biden administration announces nearly $1 billion for rural electric co-ops ...Middle East

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Biden administration announces nearly $1 billion for rural electric co-ops
The Biden administration announced more than $3 billion Friday in funding for seven rural electric cooperatives, part of a broader effort to promote renewable energy in rural areas. The grants include nearly $2.5 billion in financing for the Tri-State Generation and Transmission Association, as well as nearly $1 billion through the Department of Agriculture’s Empowering Rural America (New ERA) program for six co-ops. The New ERA program, which uses $9.7 billion in Inflation Reduction Act funds, is the biggest federal investment in rural electrification since the New Deal in the 1930s. The Tri-State Generation and Transmission Association funding will cut electricity rates for member

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