12/6/2011

In a letter to Chairmen and Ranking Members of the Senate Finance and House Ways and Means committees, NRECA urged Congress to include incentives for renewable electricity, if there is a tax bill addressing energy extenders. The 1603 Treasury Grant Program, which is set to expire at the end of 2011, and the Clean Renewable Energy Bond program, which exhausted its funding in 2010, have helped electric cooperatives develop new renewable projects, at an affordable cost. Without these programs, new renewable electric generation is not likely to be developed by cooperatives.