RUS IRA new ERA loan grant combo - loan 0% - grant

This federal Project Grant award of $1,518,522.00 was made on January 10, 2025 by the Rural Utilities Service (RUS) under the New Empowering Rural America (New ERA) Program (CFDA 10.758). The grant funds an electric infrastructure transformation project by Poudre Valley Rural Electric Association, Inc. to achieve significant reductions in greenhouse gas emissions while enhancing the reliability, resiliency, and affordability of the rural electric system in northern Colorado. The project will involve energy efficiency improvements, renewable energy deployment, and grid modernization initiatives that support the RUS program's goals of reducing emissions and upgrading rural electric infrastructure. As a not-for-profit electric utility cooperative, Poudre Valley Rural Electric Association has a track record of delivering electrical services to federal agencies and local communities, and this grant will further their efforts to provide sustainable, resilient, and cost-effective power to the region.