Congratulations to three Missouri electric cooperatives and to their many customers throughout our state! The Central Missouri Electric Cooperative, M & A Electric Power Cooperative and the N.W. Electric Power Cooperative were among the 27 rural electric cooperatives Agriculture Secretary Tom Vilsack recently announced would be receiving funding for upcoming projects.
The projects are expected to create jobs and spur economic development within those regions, according to the USDA release, following in the great tradition of rural cooperatives supporting their communities. Funding for the three Missouri projects sums to more than $80 million.
For more details on the cooperatives and projects receiving funding, check out the USDA news release or the summary below.
- Central Missouri Electric Cooperative – $2,000,000 loan to serve 520 customers with 44 miles of new line and improve 28 miles of existing line.
- M & A Electric Power Cooperative – $38,129,000 loan to finance additions and improvements to the borrower's transmission facilities, to build 5 miles of new line, improve 17 miles of existing line and make $1.8 million in Smart Grid investments.
- N.W. Electric Power Cooperative, Inc. (serving MO, IA and NE) – $43,250,000 loan to finance proposed additions and improvements to transmission facilities, improve 11 miles of existing line and make $8.7 million in Smart Grid investments.