Trump Administration Releases $3.2B for Colorado's Electric Co-ops

The Trump administration has released $3.2 billion in federal funds for six rural electric cooperatives in Colorado, which can use the money for clean energy projects, although they have the option to modify their plans to align with Trump's energy policies. This funding comes after a previous freeze and is part of the New ERA program aimed at supporting energy independence.

The Trump administration has released $3.2 billion in funds for six Colorado rural electric cooperatives and the Tri-State Generation Transmission Association after a two-month freeze — with perhaps a catch. The co-ops and Tri-State can stick with their original grant proposals or offer modifications to their Empowering Rural America, or New ERA, loans and grants to comply with President Donald Trump’s Unleashing American Energy executive order.

The administration froze the funds, part of former President Joe Biden’s Inflation Reduction Act, for an administrative review by the Agriculture Department. “This course correction puts those investments back to work to support President Trump’s vision for energy independence and sets rural America on a path to lasting prosperity,” Secretary of Agriculture Brooke Rollins said in the announcement.