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Thirteen Coops Rewarded IRS CREBs

The Internal Revenue Service has announced the allocation of $190,795,445 in bonding authority for 13 electric cooperative projects under the New Clean Renewable Energy Bonds (CREB) program.  The CREB program, which was created by the Energy Policy Act o
March 22, 2011

The Internal Revenue Service has announced the allocation of $190,795,445 in bonding authority for 13 electric cooperative projects under the New Clean Renewable Energy Bonds (CREB) program.  The CREB program, which was created by the Energy Policy Act of 2005, was implemented to allow coops to better integrate renewable energy by addressing their inability, as not-for-profit entities, to take advantage of the production tax credits available to for-profit firms.  The NRECA describes this grant in a press release.

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