It's the largest single federal investment in rural electrification since Roosevelt signed the Rural Electrification Act in 1936
he U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordablecompanies and electric utilities will be able to apply for funding through two programs, U.S. Department of Agriculture Secretary Tom Vilsack said during a media briefing on Monday.
Jim Matheson, CEO of the National Rural Electric Cooperative Association, praised the administration for the investment. The Department of Agriculture said in a press release that the goal of this program is provide affordable clean energy to vulnerable, disadvantaged and Indigenous communities. But there is tension between building a clean energy infrastructure for all and mining the materials needed for that infrastructure.
Rural electric cooperatives can apply for grants, loans and loan modifications through the Empowering Rural America program between July 31 and Aug. 31. The application period for the Powering Affordable Clean Energy program is June 30 — Sept. 29.
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