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