Overview

• The funding will support 16 rural electric cooperatives and is the largest rural electrification investment since the New Deal.
• Dairyland Power Cooperative in Wisconsin will receive $573 million for solar and wind projects, reducing electric rates by 42% over ten years.
• Critics argue the initiative is politically motivated and question the reliability and economic impact of the proposed energy sources.
• The program is expected to create 4,500 permanent jobs and 16,000 construction jobs, while reducing greenhouse gas emissions significantly.
• Biden's announcement comes as the national debt surpasses $35 trillion, raising concerns about fiscal responsibility.