USDA approves $168M for rural electric projects in Midwest state - KSFY News - Sioux Falls, SD News, Weather, Sports

USDA approves $168M for rural electric projects in Midwest states

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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.







(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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