WASHINGTON - The Plumbing-Heating-Cooling Contractors-National Association (PHCC) announced that it is advocating for White House intervention on a federal rule that would benefit rural electric cooperatives in their effort to diversify into other business areas, such as HVAC.
According to the PHCC, the U.S. Department of Agriculture is issuing a regulation regarding a loan guarantee program that will enable rural electric cooperatives to obtain below market rate financing. Cooperatives could use such financing to their competitive advantage and diversify their businesses into areas currently served by HVAC contractors. The association notes that cooperatives have identified the HVAC area as ripe for entry.