USDA approves $168M for rural electric projects in Midwest states
DES MOINES, Iowa (AP) - Rural electric cooperatives operating in Iowa, Nebraska and seven other states are getting federal loan guarantees to improve portions of their power lines and generating systems.
The funding includes a $6.7 million loan guarantee for Nobles Electric Cooperative, which serves customers in northwest Iowa and Minnesota.
Associated Electric Cooperative will get $24.6 million for improvements serving Iowa, Missouri and Oklahoma customers.
The Gundy Electric Cooperative, operating in portions of Iowa and Missouri, has been selected for a $5 million loan guarantee.
In Nebraska, the Midwest Electric Corp. gets a loan guarantee of $6.5 million.
Other states served by funded projects include Georgia, Kansas, Texas, and Virginia.
Department of Agriculture Under Secretary Dallas Tonsagera announced the $168 million loan program Thursday in Minneapolis at the National Rural Electric Cooperative Association.
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