Earlier this month, Town Hall meetings at USDA headquarters attracted good commentary on a proposed rule that can serve as a way to transition to energy generation of the future. The Department of Agriculture’s Rural Utilities Service (RUS) held the meetings to hear from rural electric program borrowers, potential borrowers, and financial institutions on proposing rules that clarify how RUS finances renewable energy projects for both rural and nonrural consumers.
This proposed rule has several benefits. First, it will allow USDA to finance projects that current regulations restrict. It will also open the door to financing both smaller and renewable projects. It can have a positive impact on rural communities by strengthening investment in new markets, which will bolster economic development and create jobs. This proposed rule can provide a path for rural utilities to expand their energy portfolios, and transition from our reliance on fossil fuels.