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Article: USDA AWARDS $1.8 BILLION IN ELECTRIC LOANS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 23, 2008
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The U.S. Department of Agriculture issued the following press release:
Agriculture Secretary Ed Schafer today announced the selection of 33 rural utilities and cooperatives in 26 states to receive $1.8 billion in loans to build and repair 7,600 miles of distribution and transmission lines serving more than 90,000 rural customers.
"USDA partners with utilities across the country to ensure the delivery of affordable, reliable electrical power to rural communities," Schafer said. "These loans are investments that will spur or expand development opportunities and enhance the economic competitiveness for rural areas as good places to live and work."
The funding is being provided through USDA ...