Date: 10/30/2024
Type: Implementation of IRA
On September 30, 2024, USDA announced that it awarded a total of $1.3 billion to two rural electric cooperatives, Wolverine Power Cooperative and Hoosier Energy. This announcement was made in coordination with DOE’s announcement of an IRA-funded loan to Holtec Palisades to finance the restoration of the nuclear plant in Michigan. The award to Wolverine and Hoosier will help to reduce their members’ electricity costs as they gain access to clean power from Holtec Palisades and other sources.
Wolverine and Hoosier’s awards were made available through the Empowering Rural American (New ERA) program, which is funded by IRA section 22004 to reduce emissions from rural electric cooperatives.