(Des Moines) U.S. Department of Agriculture Rural Development’s Iowa State Director Michael Sexton announced that the agency is awarding a total of $19 million for two projects to improve electric infrastructure in Iowa.
Southwest Iowa Rural Electric Cooperative received an $11 million loan through the Electric Infrastructure Loan and Loan Guarantee Program. This project will finance conversion and line changes, substation, switching station, metering line changes, and distribution equipment. Southwest Iowa Rural Electric Cooperative is a non-profit, member-owned electric utility and serves the needs of approximately 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 received an $8 million loan through the Electric Infrastructure Loan and Loan Guarantee Program.
