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USDA Awards Its First Loans under the Rural Energy Savings Program

The U.S. Department of Agriculture (USDA) has announced that it will provide two rural energy providers, South Carolina’s KW Savings Co. and Ohio’s Northeast Ohio Public Energy Council, with $13 million and $1 million loans, respectively, under the Rural Energy Savings Program. Seven rural electric cooperatives are the intended recipients of KW Savings Co.’s loan...

USDA Announces Loans to Coops

The United States Department of Agriculture (USDA) has announced $202 million in loans to coops to upgrade electric service in Kansas, Kentucky, Missouri, North Dakota, Ohio, Oklahoma, South Carolina, Tennessee and Texas.  These loans include $14.7 million for coops to implement Smart Grid...

USDA Announces $3.6 Billion in Funding for 82 Electric Projects

U.S. Secretary of Agriculture Tom Vilsack announced Wednesday that the USDA will provide $3.6 billion in loans to electric utilities in 31 states to fund 82 projects.  The loans, which will be provided through the Electric Program and the Rural Utilities Service, include $216 million for smart grid technologies, $35 million for renewable energy, $26 million for environmental...

Electric Coops Eligible to Apply for USDA Grants and Loans

Rural small businesses, including electric coops, are eligible to apply for USDA’s renewable energy system and energy efficiency loans and grants.  These loans and grants support the development of renewable energy and energy efficiency...

USDA Offers Loan Guarantees for Coops

The United States Department of Agriculture (USDA) will provide up to $250 million in loan guarantees for commercial-scale refineries and manufacturing facilities as long as they focus on biofuels and renewable chemicals.  Applicants must provide at least 20 percent of the funding for eligible project costs and groups can form a consortium to apply for the money.  Applications for an...

Missouri Coop Selected for USDA Small Business Program

Bourbon, Missouri-based Crawford Electric Cooperative has been selected to participate in a USDA’s Rural Economic Development Loan and Grant (REDLG) program.  Through the REDLG program, the USDA makes interest free loans to utilities that they in turn lend to local businesses to promote employment and growth in their...

USDA Announces New Program to Help Rural Utilities

The United States Department of Agriculture (USDA) announced the new Rural Energy Savings Program (RESP).  RESP is a program aimed at helping rural residents conserve energy and save money on their utility bills.  The RESP will make available $52 million in interest free loans to rural energy providers who fund projects for consumers to make energy efficient improvements in their homes...

USDA Invests More Than $200 Million in Electric Infrastructure Improvements in Five States

The USDA recently celebrated the 80th anniversary of the Rural Electrification Act and announced funding of more than $200 million to build and upgrade rural electric infrastructure in five states.  East Kentucky Power Cooperative, Inc. will receive a $131.8 million loan to acquire the Bluegrass Generating Facility, a natural gas fired power...

New USDA Program Supports Rural Economic Development

The United States Department of Agriculture (USDA) has announced a new program to let electric cooperatives partner with regional organizations to boost rural economic development. The USDA has set aside $500 million for rural projects that support economic and community development...

USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects

The USDA is awarding $2.3 billion in loans through its USDA Rural Development’s Electric Program, which makes loans and loan guarantees to cooperative associates and other utilities for electric distribution in rural areas.  Seventy-seven utilities and cooperatives in 31 states will receive loans to build and improve rural electric infrastructure in 31 states.  Funding is contingent...

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