Biden Announces $7.3B for Rural Electrification
Biden Announces $7.3B for Rural Electrification
Biden Announces $7.3B for Rural Electrification
News summary

President Joe Biden announced a $7.3 billion investment for rural electrification, targeting 16 electric cooperatives across 23 states, during a visit to Westby, Wisconsin. This initiative, funded by the Inflation Reduction Act, aims to provide clean and reliable electricity to approximately 5 million rural households, create thousands of jobs, and reduce greenhouse gas emissions significantly. Critics argue that the timing of the announcement is politically motivated, coinciding with the upcoming election and aimed at swing states like Wisconsin. The funding will support projects involving wind, solar, nuclear, and hydropower, potentially lowering electricity costs and enhancing grid reliability. Dairyland Power Cooperative, one of the recipients, plans to use the funds to develop renewable energy projects and reduce member electric rates by 42% over the next decade.

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