© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

USDA Gives $108M in Loans to 3 Rural Electric Projects

ume-y
/
flickr

  Three Missouri rural electric projects are getting $108 million in federal loans to expand and modernize their infrastructure.

U.S. Agriculture Secretary Tom Vilsack announced the investment Wednesday during a news conference in Savannah in northwest Missouri's Andrew County.

That's where Vilsack says United Electric Cooperative will get a $28 million loan to build or enhance 164 miles of line and make other system improvements. The loan includes $3.5 million for next-generation power transmission efforts known as smart grid.

The Barry Electric Cooperative based in southwest Missouri's Cassville is getting roughly $56 million in loans. The Northeast Missouri Electric Power Cooperative in Palmyra receives $24 million.

Vilsack says the Missouri projects will build or improve more than 300 miles of power lines. Some $42 million goes to smart grid technologies.

Columbia attorney disbarred for client trust account misuse 

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.