Nebraska Cooperative Included in USDA Awards of Nearly $2.3 Billion in Loans for 77 Rural Electric Infrastructure Projects

Tom VilsackWASHINGTON – Agriculture Secretary Tom Vilsack [yesterday] announced nearly $2.3 billion in loans to build and improve rural electric infrastructure in 31 states.

“Improving our rural electric utility systems will help us continue to provide reliable and affordable electricity to rural customers,” Vilsack said. “By financing these improvements, USDA helps increase efficiencies, reduce carbon emissions and improve the quality of life in rural areas.”

USDA is awarding loans to 77 utilities and cooperatives in 31 states. The funding includes more than $108 million for smart grid technology, $41 million for renewable energy improvements and $9 million for storm damage repairs. These loans will help build or improve 12,000 miles of transmission and distribution lines.

Read more here. 

In Nebraska the Midwest Electric Cooperative Corporation in Grant was awarded a loan of $7,919,000, involving 194 total miles of line, with $1,042,700 for smart grid techology: http://www.rd.usda.gov/files/RDRUSElectricLoansRecipientsOct2015.pdf