• USDA Awards $2.3 Billion for Rural Electric Infrastructure Projects
  • October 26, 2015
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • The USDA is awarding $2.3 billion in loans through its USDA Rural Development’s Electric Program, which makes loans and loan guarantees to cooperative associates and other utilities for electric distribution in rural areas. Seventy-seven utilities and cooperatives in 31 states will receive loans to build and improve rural electric infrastructure in 31 states. Funding is contingent upon the recipient meeting the terms of the loan or grant agreement.