Defense Bill Could Benefit Electric Cooperatives
The House and Senate recently passed two different versions of a defense bill, both of which contain potential benefits for electric cooperatives. Specifically, the House passed a $733 billion defense bill that could allow electric cooperatives that serve military bases to benefit from new infrastructure grants. The Senate recently approved a different version of the legislation that makes it easier for cooperatives to get federal approval for carbon capture, utilization and sequestration projects. A compromise will be worked out by the House and Senate to determine which provisions are included in the final National Defense Authorization Act, and then the bill, which empowers the Pentagon to spend money in fiscal year 2020, will then go back to both chambers for a vote.
