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Iowa RECs Face Funding Strains and Suburban Growth Debate
Iowa rural electric cooperatives rely on REA subsidies, with sales down 2.5 percent and membership shrinking by about 1,000 annually. The program funds three quarters of land coverage and 86,000 farm units, while borrowing costs average 6.6 percent. Officials warn subsidy loss could raise bills by 27 million dollars by 2000 and slow underground wiring. supporters say subsidies are essential for rural services and regional economic balance.
MENTIONED IN THIS ARTICLE
REC
Iowa
Recs
REA
Lovig
Iowa Rec
Varley
AEC
Nebraska
America
Congress
Jack Doyle
Doyle
Senate Agriculture Committee
White House
George Bush
Gulf States Utilities
Sam Rayburn G&t (Generating and Transmission) Co-Op
Gulf States
Big Rivers Electric Co-op
Henderson
Co-Op
Big Rivers