Two co-ops receive electric loans from USDA
Last Updated: 09-28-2004 09:42:08 AM
(AP) - Two electric cooperatives serving rural communities in Minnesota will receive almost 170 (m) million dollars in loans from the USDA's utilities program.
Dairyland Power Cooperative in La Crosse, Wisconsin, and Meeker Cooperative Light and Power Association in Litchfield will receive part of more than 405 (m) million dollars in total funding to expand rural electric services for 16 projects nationwide.
Dairyland Power serves Fillmore, Freeborn, Houston, Mower, Olmsted, Wabasha and Winona counties in southastern Minnesota, along with counties in Wisconsin, Iowa and Illinois. A 167-(m)-million-dollar loan will allow Dairyland to finance system improvements and environmental control projects.
Meeker Cooperative Light and Power serves Wright, Stearns, Kandiyohi, McLeod, Meeker and Renville counties. A two-(m)-million-dollar loan will help the co-op finance additions to its new headquarters.
Copyright 2004 by The Associated Press. All Rights Reserved.
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