NRECA COVID-19 Phase 4 Relief Package

 

 

 

 

Not-for-profit electric cooperatives are responding to COVID-19 by taking steps to protect employees, maintain reliable and affordable services, and support their communities. Electric cooperatives are built by, and belong to, the communities they serve. That community ownership and focus drives co-ops as they respond to evolving COVID-19 challenges and local concerns.

NRECA urges policymakers to minimize COVID-19 threats to electric cooperatives by providing a safety net to co-ops and the communities they serve. Specifically, Congress should:

  • Provide federal funds to address looming operational shortfalls for electric co-ops.
  • Allow electric cooperatives to take advantage of unprecedented low interest rates to reprice Rural Utilities Services (RUS) debt without penalty.
  • Increase the amount of lending available under the RUS Guaranteed Underwriter Program.
  • Provide dedicated funding to allow small broadband providers to continue serving families and small businesses that are unable to pay their internet bill during the pandemic.
  • Promote investment in expanded broadband access in the areas of rural America that lack internet access.
  • Direct FEMA to swiftly provide promised funding to co-ops that have restored their electric systems devastated by past disasters.

NRECA HEROES Act Letter to Congressional Leadership

NRECA COVID-19 Phase 4 Letter to Congressional Leadership

Financial Impact of Load Loss and Unpaid Bills on Electric Cooperatives

Issue Fact Sheets

 

 

 

TAKE ACTION

 

 

NRECA ARTICLES
Electric Cooperatives Face $10 Billion in Lost Revenue from COVID-19

NRECA Seeks Federal Relief for Co-ops as Members Struggle to Pay Bills

Co-ops Provide Financial Relief to Members During Pandemic

Co-op Speeds Broadband Connection to Clinic for COVID-19 Testing

Co-op Broadband Providers Pledge to Sustain Low-Income Service as Pandemic Hardships Increase

Co-op Aid Included in Coronavirus Relief Bill

NEWS
Amid Disconnection Pause, Rural Co-ops Seek Federal Funds to Plug Cash Shortfall

NRECA Requests Federal Aid for Cooperatives Unable to Pay Electric Bills During Pandemic

For Electric Cooperatives, the COVID-19 Crisis is Unique from other Emergencies

Coronavirus Energy Saving Tips: How to Keep Your Surging Electric Bill Lower

 

 

EXISTING COVID-19 LEGISLATION

 

“CARES Act” – passed on March 27, 2020 provides approximately $2 trillion in federal spending aimed to ease the burdens associated with COVID-19.

  • Low Income Home Energy Assistance Program (LIHEAP) – 900 million
  • Paycheck Protection Program – $349 billion
  • Broadband/Telecom Provisions – $325 million
  • Federal Emergency Management Agency (FEMA) – Disaster Relief Fund (DRF) – $45 billion

CARES Act Fact Sheet

New Small Business Administration (SBA) loan and grant programs were created by the “CARES Act”

  • NRECA is requesting that SBA ensure America‚Äôs electric cooperatives are deemed as qualifying
    business concerns in any guidance, regulations, and application forms implementing the Paycheck
    Protection Program and are able to fully participate and benefit as small businesses serving their local
    communities.

Small Business Administration Fact Sheet

Electric Co-ops and Paycheck Protection Program Fact Sheet

Senate Electric Co-op PPP Letter

House Electric Co-op PPP Letter