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Southwest Iowa Rural Electric Cooperative receives $11 million USDA loan

KMAland.com · last updated

(KMAland) — An electric cooperative in southwest Iowa has received a financial boost for a variety of equipment and infrastructure upgrades.

USDA Rural Development Iowa State Director Michael Sexton announced Tuesday that his agency is awarding $19 million to two projects to improve electric infrastructure in Iowa. USDA officials say Southwest Iowa Rural Electric Cooperative has received an $11 million loan through the Electric Infrastructure Loan and Loan Guarantee Program.

Officials say the project will finance conversion and line changes, substation and switching station improvements, metering line changes, and distribution equipment. Southwest Iowa Rural Electric Cooperative is a non-profit, member-owned electric utility and serves roughly 6,000 members with over 2,500 miles of energized line in Adair, Adams, Cass, Decatur, Fremont-Mills, Montgomery, Page, Ringgold, Taylor, and Union counties.

Butler County Rural Electric Cooperative also received an $8 million loan through the Electric Infrastructure Loan and Loan Guarantee Program.

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