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Rural Electrification loans fuel federated power push
The Rural Electrification Administration says it authorized nearly 55 million dollars in loans in the last 90 days to 10 borrowers for forming federated power co operatives. These groups combine several small co ops to build their own generating plants and now hold over half of this year’s REA lending. Farmers rely on electricity for work and appliances, making reliable power crucial.
MENTIONED IN THIS ARTICLE
Washington
Clyde Ellis
National Rural Electric Cooperative Association
Ellis