PCCA Journal|4
th
Quarter 2010
8
RDUP News
Continued from page 7
O
n August 30, Agriculture Secretary Tom Vilsack
announced that 37 rural utilities and coopera-
tives in 20 states have been selected to receive
guaranteed loans that will benefit more than
60,000 rural electric cooperative consumers by financ-
ing the construction and repair of almost 7,000 miles of
distribution and transmissions lines.
“USDA is investing in electric infrastructure improve-
ments to provide reliable and affordable power to
homes and business in rural America,” Vilsack said.
“These guaranteed loans will enable cooperatives to
deliver better service to rural customers.”
The $1.2 billion in funding is being awarded through
USDA Rural Development’s Electric Program. This pro-
gram provides loans and guaranteed loans to electric
utilities to upgrade, expand, maintain, and replace
rural America’s electric infrastructure. The Electric Pro-
gram also helps fund energy conservation and renew-
able energy system projects.
Funding of each recipient is contingent upon their
meeting the conditions of the guaranteed loan agree-
ment. The following is a list of rural utilities that were
selected to receive funding.
Alabama
Sand Mountain Electric Cooperative, a $17,000,000
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guaranteed loan build 215 miles of new distribution line
and make improvements to 34 miles of distribution line.
Arkansas and Oklahoma
Arkansas Valley Electric Cooperative Corporation, a
•
$60,000,000 guaranteed loan to build 365 miles of new
distribution line and four miles of transmission line and
make improvements to 118 miles of distribution line.
Rich Mountain Electric Cooperative, a $12,500,000 guar-
•
anteed loan to build 69 miles of new distribution line
and one mile of transmission line and make improve-
ments to 51 miles of distribution line.
Arkansas, Louisiana, Missouri, Oklahoma, and Texas
Arkansas Electric Cooperative Corporation, a
•
$620,960,000 guaranteed loan for system improvements
and emission control projects to its existing generation
facilities.
Colorado
Mountain View Electric Association, Inc., a $58,688,000
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guaranteed loan to build 257 miles of new distribution
line and make improvements to 147 miles of distribu-
tion line.
K.C. Electric Association, Inc., a $3,823,000 guaranteed
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loan to build 26 miles of new distribution line and make
improvements to 23 miles of distribution line.
Grand Valley Rural Power Lines, Inc., a $15,707,000 guar-
•
anteed loan to serve 449 existing consumers and build
40 miles of new distribution line.
Georgia
Habersham Electric Membership Corporation, a
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$22,338,000 guaranteed loan to build 213 miles of new
distribution line and make improvements to 31 miles of
distribution line.
Iowa
Maquoketa Valley Rural Electric Cooperative, a
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$3,000,000 guaranteed loan to build 34 miles of new
distribution line and make improvements to 55 miles of
distribution line.
Kentucky
Jackson Energy Cooperative Corporation, a $20,000,000
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guaranteed loan to build 152 miles of new distribution
line and make improvements to 116 miles of distribu-
tion line.
Meade County Rural Electric Cooperative Corporation,
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an $18,560,000 guaranteed loan to build 60 miles of
new distribution line and make improvements to 309
miles of distribution line.
Clark Energy Cooperative, Inc., a $14,000,000 guaran-
•
teed loan to build 104 miles of new distribution line and
make improvements to 54 miles of distribution line.
Minnesota and Iowa
Tri-County Electric Cooperative, a $25,000,000 guaran-
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teed loan to build 70 miles of new distribution line and
make improvements to 79 miles of distribution line.
Minnesota
Minnesota Valley Cooperative Light & Power Associa-
•
tion, a $16,000,000 guaranteed loan to build 40 miles of
new distribution line and 27 miles of transmission line
and make improvements to 36 miles of distribution line.
Red River Valley Cooperative Power Association, an
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$8,000,000 guaranteed loan to build 46 miles of new
distribution line and make improvements to 41 miles of
distribution line.
Lake Country Power, a $72,000,000 guaranteed loan
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to build 210 miles of new distribution line and make
improvements to 231 miles of distribution line.
Lake Region Electric Cooperative, a $13,400,000 guaran-
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teed loan to build 152 miles of new distribution line and
make improvements to 25 miles of distribution line.
USDA Announces Support for Rural
Electric Infrastructure Improvements
Continued on page 10