Rural Electric Co-Op Funding
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rural electric cooperativesThe Hill
•Biden administration announces $3 billion for rural electric co-ops
76% Informative
The Biden administration announced more than $3 billion Friday in funding for seven rural electric cooperatives .
The grants include nearly $2.5 billion in financing for the Tri-State Generation and Transmission Association .
The funding will cut electricity rates for members by an estimated 10 percent over the next 10 years , equivalent to about $430 million in benefits to rural electricity consumers.
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