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PCCA Journal|3

rd

Quarter 2015

18

RUS NEWS

USDA Awards Nearly $2.3 Billion in

Loans for Rural Electric Infrastructure Projects

A

griculture Secretary Tom

Vilsack in October an-

nounced 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 financ-

ing these improvements, USDA helps

increase efficiencies, reduce carbon

emissions, and improve the quality of

life in rural areas.”

USDA is awarding loans to 77 utili-

ties 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.

The funding is being provided through

USDA Rural Development’s Electric

Program, which makes loans and loan

guarantees to non-profit and cooperative

associations, public bodies, and other

utilities, primarily for electric distribu-

tion in rural areas.

Funding is contingent upon the re-

cipient meeting the terms of the loan or

grant agreement.

State, Borrower, Loan Amount

AL, FL, PowerSouth, $115,884,000

AR, Craighead Electric Co-op Corp., $31,525,000

AR, MO Clay County Electric Co-op Corp., $15,000,000

AR, MO, OK, Today’s Power Inc., $10,500,000

CO, K C Electric Assn., Inc., $10,849,000

FL, Suwanee Valley Electric Co-op, $13,000,000

FL, West Florida Electric Co-op Assn., $11,000,000

FL, Withlacoochee River Electric Co-op, $97,800,000

FL, Seminole Electric Co-op, $122,601,000

GA, Planter EMC, $24,935,000

GA, Colquitt EMC, $22,000,000

GA, Hart EMC, $25,344,000

GA, Washington Electric Membership Corp., $11,675,000

GA, Southern Rivers Energy, $20,000,000

GA, Jackson Electric Membership Corp., $140,000,000

IL, Illinois Rural Electric Co., $25,000,000

IN, Southeastern Indiana REMC, $20,000,000

IN, Tipmont REMC, $23,000,000

IA, Grundy County REC, $5,000,000

IA, Butler County REC, $14,500,000

IA, Maquoketa Valley REC, $5,000,000

IA, Central Iowa Power Co-op, $59,773,000

IA, Prairie Energy Co-op, $3,900,000

KS, Lyon-Coffey Electric Co-op, $10,000,000

KY, East Kentucky Power Co-op, $90,617,000

KY, East Kentucky Power Co-op, $221,832,000

State, Borrower, Loan Amount

MI, IN, OH, Midwest Energy Co-op, $59,000,000

MN, Meeker Co-operative Light & Power, $9,000,000

MN, McLeod Co-operative Power Assn., $20,950,000

MN, IA, Tri-County Electric Co-op, $12,240,000

MN, Brown County Rural Electric Assn., $8,000,000

MN, IA, Federated Rural Electric Assn., $6,364,000

MN, Steele-Waseca Co-operative Electric, $7,670,000

MN, South Central Electric Assn., $11,000,000

MN, People’s Energy Cooperative, $28,500,000

MN, Redwood Electric Co-op, $7,900,000

MN, IA, Freeborn-Mower Electric Co-op, $50,485,000

MN, Minnesota Valley Electric Co-op, $12,075,000

MN, IA, Nobles Cooperative Electric, $10,903,000

MN, Agralite Co-op, $7,373,000

MN, PKM Electric Co-op, $6,250,000

MN, North Star Electric Co-op, $8,000,000

MN, BENCO Electric Co-op, $15,200,000

MS, Southern Pine Electric Power Assn., $76,076,000

MO, Farmer’s Electric Co-op, $12,000,000

MO, IA, Grundy Electric Co-op, $2,799,000

MO, Southwest Electric Co-op, $14,551,000

MO, IA, OK, Associated Electric Co-op, $190,836,000

MT, Fergus Electric Co-op, $10,000,000

MT, Goldenwest Electric Co-op, $10,000,000

NC, GA, SC, Haywood EMC, $20,110,000

NC, Halifax EMC, $6,944,000

State, Borrower, Loan Amount

NC, Surry-Yadkin EMC, $33,000,000

NC, O2 EMC Portfolio 1, LLC, $10,000,000

NC, O2 EMC Portfolio 1, LLC, $7,700,000

NC, O2 EMC Portfolio 1, LLC, $5,000,000

ND, North Central Electric Co-op, $30,000,000

ND, Burke-Divide Electric Co-op, $27,000,000

NE, Midwest Electric Member Corp., $7,919,000

NM, TX, Farmers’Electric Co-op of NM, $38,723,000

NM, AZ, Columbus Electric Co-op, $14,705,000

OH, Consolidated Electric Co-op, $15,500,000

OH, Washington Electric Co-op, $13,000,000

OK, MO, Kamo Electric Co-op, $90,565,000

OK, Northfork Electric Co-op, $20,746,000

OK, East Central Oklahoma Electric Co-op, $12,200,000

OK, Cookson Hills Electric Co-op, $7,451,000

OR, Umatilla Electric Co-op Assn., $43,059,000

OR, West Oregon Electric Co-op, $4,017,000

SC, Pee Dee Electric Co-op, $28,079,000

SD, Charles Mix Electric Assn., $6,361,000

TN, Appalachian Electric Co-op, $30,000,000

VA, WV, Craig-Botetourt Electric Co-op, $4,238,000

WA, Orcas Power & Light Co-op, $17,100,000

WI, Oconto Electric Co-op, $10,000,000

WI, IL, Scenic Rivers Energy Co-op, $13,000,000

WI, St. Croix Electric Co-op, $8,500,000

USDA Electric Loans - October 22, 2015