USDA Awards Its First Loans under the Rural Energy Savings Program
Posted on May 18, 2017 in Energy Savings Programs, Uncategorized | Comments Off on 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 funds.
USDA Announces Loans to Coops
Posted on Mar 1, 2017 in Grid & Infrastructure, Technology | Comments Off on 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 technology.
USDA Announces $3.6 Billion in Funding for 82 Electric Projects
Posted on Oct 27, 2016 in Climate Change, Energy Savings Programs, Environmental, Financing, Grid & Infrastructure, Legislative & Politics, Project Development, Regulation & Policy, Renewable Energy, Technology | Comments Off on 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
Posted on Oct 19, 2016 in Renewable Energy | Comments Off on 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 projects.
USDA Offers Loan Guarantees for Coops
Posted on Aug 1, 2016 in Financing, Project Development, Renewable Energy | Comments Off on 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
Posted on Jul 19, 2016 in Financing, Regulation & Policy | Comments Off on 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 communities.
USDA Announces New Program to Help Rural Utilities
Posted on Jun 22, 2016 in Energy Savings Programs, Financing | Comments Off on 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
Posted on May 26, 2016 in Financing, Project Development, Regulation & Policy | Comments Off on 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 plant.
New USDA Program Supports Rural Economic Development
Posted on Mar 9, 2016 in Regulation & Policy | Comments Off on 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 plans.
USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
Posted on Oct 23, 2015 in Financing, Grid & Infrastructure, Project Development, Renewable Energy | Comments Off on 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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