USDA approves $168M for rural electric projects - KWWL - Eastern Iowa Breaking News, Weather, Closings

USDA approves $168M for rural electric projects

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DES MOINES (KWWL) -

Rural electric cooperatives operating in Iowa, Nebraska and seven other states are getting federal loan guarantees to improve portions of their power lines and generating systems.

The funding includes a $6.7 million loan guarantee for Nobles Electric Cooperative, which serves customers in northwest Iowa and Minnesota.

Associated Electric Cooperative will get $24.6 million for improvements serving Iowa, Missouri and Oklahoma customers.

The Gundy Electric Cooperative, operating in portions of Iowa and Missouri, has been selected for a $5 million loan guarantee.

In Nebraska, the Midwest Electric Corp. gets a loan guarantee of $6.5 million.

Other states served by funded projects include Georgia, Kansas, Texas, and Virginia.

Department of Agriculture Under Secretary Dallas Tonsagera announced the $168 million loan program Thursday in Minneapolis at the National Rural Electric Cooperative Association.

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