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Rural Electrical Cooperatives

Also Known As: RECs

Rural Electrical Cooperatives Banner Image

Electric cooperatives play a vital role in transforming communities. They are energy providers that act as engines of economic development in rural areas, responsible for 42% of U.S. electric distribution lines. These local energy and technology providers are shaped by the specific needs of the communities they serve, powering over 20 million businesses, homes, farms, and schools in 48 states.

RECs are eligible to apply for and win IIJA broadband funding.

Learn How & Why RECs Win Big In IIJA.

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Broadband Grant Terms

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63-20 Financing

A

ACP Administrative Expenses Aerial Deployment Aerial Installation Affidavit Application Model Area Challenge Module ARPA ARPU Asymmetric Attestation

D

Data Packet Davis-Bacon Act (for BEAD)Debt Debt/EBITDA Digital Divide Digital Equity Act Programs Digital Inclusion DPP DSL DSRC

E

EBITDA EBITDA Margin Economic Development Incentive Eligible Community Anchor Institution Eligible Entity equity shares Ethernet Cable EV

F

Fabric FCC Feasibility Study Fiber Fiber to the Home Fiber to the home/premises/curb/node Final Proposal Formula Grant FRN FTTC FTTH FTTN FTTP

G

GAN GO Bond Grant Adjusted YOC Grant Revenue Anticipation Notes Gross Profit Margin Ground Deployment Guaranteed Bank Loan

H

I

ILEC In-kind Matching Funds Indian Tribe Infrastructure Investment & Jobs Act Initial Funding Availability Initial Proposal Internet Exchange Facility Internet Protocol IRBs IRU ISP

L

Last Mile Legal Expenses Letter of Credit Limited-Tax General Obligation Pledge Loan LOC Local Coordination Low-Cost Broadband Service Option

M

Make Ready Work Match Funding Matching Funds for BEAD Grants MDU Challenge Module Mezz Debt Middle Mile Millimeter Wave Mobile Monitoring, Reporting and Performance Management Multi-Dwelling Unit Muni Bond

N

Native American Native Entity Net Working Capital Network Node Nielsen’s Law of Internet Bandwidth NOFO NTIA

O

OLT ONT Outside Plant

P

Packet Loss Peering and Transit Agreements Performance Bonds for BEAD Grants Ping Point to Point PPP Preferred Equity Private Activity Bonds Project Finance

R

RDOF ReConnectRECsReliability Reliable Broadband Service Request for Initial Planning Funds Revenue Bond Revolver Rural Utility Service

S

SAFE Satellite Internet Secondary Addresses Secured Debt Security Senior Debt Shareholders’ Equity Speed Speed Test Module State Subgrantee Subgrantee Selection Subordinated Debenture Subsidiarity Symmetric

T

Take Rate Tax-Exempt Debt Taxable Debt Telecommunications Act of 1996 The Good. The BEAD. The Ugly.Tier 1, 2, 3 Tribal Broadband Connectivity Program Tribal Data Sovereignty Tribal Government Tribal Land Trust Land

U

Underserved Underserved Service Project Universal Service Fund Unlevered Returns Unlimited-Tax General Obligation Pledge Unsecured Debt Unserved community Unserved Service Project Upload and download USS Utility

W

Wi-Fi Wi-Fi Router Wireless

Y

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Why We Made Broadband․money How It Works Broadband Audit Previews Free Broadband Test Kit Letter of Credit for BEAD Grants IIJA BEAD for RECs IIJA BEAD for Tribes

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