skip to main content
skip to newscasts

Wednesday, April 2, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars; Arizonans experience some of the highest insurance premiums; U.S. immigration policy leaves trans migrants at TX-Mexico border in limbo; Analysis: Repealing clean energy tax credits could raise American energy costs.

view newscast page
play newscast audioPlay

President Donald Trump announces worldwide tariffs. Democrats decry 'Liberation Day' as the economy adjusts to the news. And some Republicans break from Trump's trade stance.

view newscast page
play newscast audioPlay

Rural schools face budget woes even as White House aims to dismantle the Department of Education, postal carriers argue against proposed USPS changes, fiber networks to improve rural internet may be supplanted by Musk's satellites, and PLAY BALL!

Missouri Electric Co-ops Poised to Benefit from Inflation Reduction Act

play audio
Play

Monday, September 26, 2022   

Within the Inflation Reduction Act are provisions to help rural electric co-ops in new ways.

Rural electricity generation often is structured as a cooperative nonprofit with member-owners, and any overpayment is returned to members. The structure meant co-ops were excluded from certain green-energy tax incentives available to for-profit producers.

The Inflation Reduction Act changed the model and includes direct-pay tax incentives for co-ops to deploy new energy technology. Additionally, the act includes a $9.7 billion grant and loan program for clean-energy systems, giving electric co-ops broad flexibility to make upgrades to their infrastructure.

Philip Fracica, director of programs for Renew Missouri, said as one of the most coal-dependent states in the country, Missouri stands to gain a lot from the program.

"Really, out of most of the co-ops in the country, I think we're at probably the best value proposition for this program, because we have really old plants," Fracica explained. "In replacing them with better, more affordable generation options such as renewable energy, which they don't have a large mix in that portfolio to diversify them, make them more resilient."

The plan offers individual co-ops up to $970 million to make upgrades.

Electric-cooperative members are often still paying off debts incurred decades ago during the construction of old power plants and infrastructure. Fracica pointed out the new grant and loan program allows co-ops to retire debt and offers forgivable loans to help build new generation capacity. He sees the approach as being better over the long term.

"Why don't we go to the root of this problem, which is the co-ops having all these debt payments tied to old fossil-fuel plants?" Fracica noted. "If we give them this money and forgive it and replace it with meaningful investments, we're going to be better stewards of our federal dollars to help folks in rural communities and also reduce energy costs."

The grant and loan program allows cooperatives the flexibility to use money and make the most sense locally. Options include making investments in new energy-generating technology including solar, wind or nuclear, as well as making efficiency upgrades to existing generation and transmission infrastructure, or adding battery storage, or carbon-capture systems.

While it is a large investment in moving to renewables, Fracica contended the overall need in America is much greater.

"We had asked for 10 times this funding amount originally," Fracica noted. "Because our data and research showed that we actually will need $100 billion if we wanted to get all of our rural-electric cooperatives in the United States off of fossil fuels."


get more stories like this via email
more stories
The Little Village Environmental Justice Organization has become as much as a landmark to the community as the Little Village Arch and was awarded the national Food Sovereignty Prize in 2024. (City of Chicago 2021)

Environment

play sound

By Angela Burke for Civil Eats.Broadcast version by Judith Ruiz-Branch for Illinois News Connection reporting for the Solutions Journalism Network-Pub…


Social Issues

play sound

More than 1,000 protests against the policies of President Donald Trump are set for Saturday across the country, with 117 planned in California alone…

Social Issues

play sound

A bill known as the Act for Civic Engagement did not make it out of committee in Olympia before the deadline but advocates for people who are incarcer…


Legislation regulating cryptocurrency kiosks is being considered in the Maryland House of Delegates. (Adobe Stock)

Social Issues

play sound

A bill in the Maryland General Assembly would regulate cryptocurrency kiosks, the more than 700 ATM-like machines for virtual currencies around the …

Social Issues

play sound

Registration is open for the next information session for the Doswell School of Aeronautical Sciences at Texas Woman's University in Denton, where …

Some two million gray wolves roamed North America in the early 1800s but today, fewer than 7,000 remain on just 10% of their historic range in the Lower 48 States. (Adobe Stock)

Environment

play sound

Rep. Lauren Boebert, R-Colo., has introduced a bill to remove gray wolves from the list of endangered and threatened species under the Endangered …

Social Issues

play sound

The Trump administration announces its new wave of tariffs Wednesday, and with U.S. Department of Agriculture funding still a question mark, …

play sound

Educators at Iowa State University are creating a new major to meet what they see as a new and growing demand in the health care field: pairing medica…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021