NRECA Urges Congress to Include RUS Debt Relief in Upcoming COVID-19 Stimulus Package

The National Rural Electric Cooperative Association (NRECA), which represents more than 900 electric cooperatives in the US, is urging Congress to include a provision in the next COVID-19 stimulus package that would allow electric coops to reprice loans from the Rural Utilities Service (RUS) at current low interest rates without penalties. Current RUS loan rules apply hefty prepayment penalties for refinancing debt. The change could save coops more than $10 billion.

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