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East Texas Coop Applies for RUS Loan for Biomass Plant

East Texas Electric Cooperative, a group of ten East Texas cooperatives, has applied to the RUS for a $145 million loan to build a biomass plant in Woodville, Texas.  The plant is scheduled to operate in late 2013 / early 2014 and will produce roughly 50 MW of power.

RUS to Provide $2.9 billion of Guaranteed Loans to Rural Coops and Utilities

Platts reports that the Department of Agriculture’s Rural Utilities Service will provide $2.93 billion to 50 electric cooperatives.  These guaranteed loans are for generation (new and upgraded), transmission, and distribution.

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