SECRETARY VILSACK ANNOUNCES $1 BILLION IN ELECTRIC LOANS
News Date June 08, 2009
Last week, Agriculture Secretary Tom Vilsack announced the recipients of more than $1 billion in electric loans. These loans, which will be distributed amongst 37 rural utilities and cooperatives in 29 states, will be utilized to build and repair more than 10,000 miles of distribution and transmission lines, and make system improvements. This funding is provided through the USDA Rural Development’s Electric Programs.
"President Obama is delivering on his commitment to invest in rural America's infrastructure by funding upgrades to rural utilities and cooperatives," remarked Secretary Vilsack. "Rural communities need affordable up-to-date electric service in order to broaden economic opportunities. These loans will enable cooperatives to deliver improved service to more customers."
For more information on this program, as well as a list of the utilities and cooperatives set to receive the funding, please visit www.rurdev.usda.gov. (Contact: David Hickey