Soak the corn in cold water for 1 hour. Meanwhile, in a small bowl, combine 1/3 cup butter, cilantro, lime zest, salt, 1 teaspoon lime juice and garlic powder; set aside.
Carefully peel back husks from corn to within 1 in. of bottom; remove silk. Spread each ear of corn with butter mixture. Rewrap corn husks and secure with kitchen string.
Using long-handled tongs, moisten a paper towel with cooking oil and lightly coat the grill rack. Grill corn, covered, over medium heat for 25-30 minutes or until tender, turning occasionally.
In a small microwave-safe bowl, melt the remaining butter; stir in remaining lime juice. Cut string and peel back husks. Brush corn with butter mixture.
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