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USDA Banks New Investments in Infrastructure and Smart Grid Technology

Earlier this week, the U.S. Department of Agriculture (USDA) announced investments in seven new projects in Arkansas, Florida, Indiana, Oklahoma and South Dakota. The loans, totaling $122 million, will help build and improve electric lines and implement smart grid...

USDA Announces Investments to Improve Rural Electric Infrastructure

The U.S. Department of Agriculture (USDA) recently announced that it is investing $1.6 billion in 46 rural electric utility infrastructure projects across the country. These investments will help contribute to a stronger rural electric system by improving operations and reliability in 24 states. This funding will help build or improve 5,833 miles of line, will include $307 million in...

Iowa Cooperative Helps Fund Hospital Expansion

Chariton Valley Electric Cooperative (CVEC), an Iowa electric cooperative, has partnered with Northeast Power to provide a $4,687,000 loan to Monroe County Hospital for the expansion of the hospital. CVEC secured funds for the loan from the USDA Rural...

NWEC Receives $8 Million Loan for Infrastructure Improvements

The U.S. Department of Agriculture has announced that North Western Electric Cooperative (NWEC) will receive an $8 million federal loan to build and improve power lines in northwest Ohio. NWEC will use the loan to build 20 miles of new line and improve 40 miles of existing line, which is expected to bring 140 additional consumers to a system which currently serves more than 6,000 rural...

Shelby Electric Secures Loan for Local Manufacturer

Shelby Electric Cooperative (Shelby Electric) assisted IHI Turbo America, a designer and manufacturer of diesel, gasoline and natural gas turbocharger products, in receiving a $2 million loan from the USDA Rural Economic Development Loan and Grant program. The interest-free loan will help the manufacturer fund a 250,000-square-foot facility...

USDA Loans $398.5 Million Dollars to Cooperatives for Infrastructure Improvements

The U.S. Department of Agriculture (USDA) is investing $398.5 million dollars through the Electric Infrastructure Loan Program to improve rural electric service in 13 states.

USDA Invests in Rural Electric Infrastructure

The U.S. Department of Agriculture (USDA) has announced that it is investing $276 million in rural electric infrastructure, some of which is being awarded directly to coops, to improve system efficiency and reliability.

USDA Invests $2.5 Billion in Rural Electric Infrastructure

The United States Department of Agriculture (USDA) is investing approximately $2.5 billion in rural electric infrastructure improvements to help create jobs and support economic development. The funding is to be provided in 27 states through the USDA Rural Development’s Electric Program, the successor to the Rural Electrification...

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...

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