In mid-December, the U.S. Treasury sent letters to public power utilities and others indicating whether they had secured Clean Renewable Energy Bond (CREB) allocations or not. This second round of CREB allocations was initiated in December 2006, when Congress authorized an additional $400 million in bonding authority to assist governmental entities and rural electric cooperatives in financing renewable energy projects.
If NEPPA members have renewable projects for which they applied for bond authority and have heard back from Treasury, please let us know, as this information is very helpful in our legislative efforts to extend and reform the CREB program.