To fund the construction of electric distribution, transmission, and generation facilities for rural electric cooperatives, including system improvements and replacements that achieve the greatest reduction in carbon dioxide, methane, and nitrous oxide emissions in rural areas, as well as demand side management, energy conservation programs, and on-grid and off-grid renewable energy systems.

Eligible Uses: Loans, modifications of loans (including debt relief), and other financial assistance (including grants) to achieve the greatest reduction in carbon dioxide, methane, and nitrous oxide emissions associated with rural electric systems through the purchase of renewable energy, renewable energy systems, zero-emission systems, and carbon capture and storage systems, to deploy such systems, or to make energy efficiency improvements to electric generation and transmission systems of the eligible entity.