6 Missouri utilities to share $120 million in federal loans

2 months 2 weeks 2 days ago Sunday, November 05 2017 Nov 5, 2017 Sunday, November 05, 2017 12:58:00 PM CST November 05, 2017 in News
Source: AP
By: The Associated Press

COLUMBIA, Mo. (AP) — Six Missouri utilities will use nearly $120 million in federal loans to upgrade the infrastructure for electricity in rural parts of the state.

The Missouri grants are part of $2.5 billion in loans the U.S. Department of Agriculture recently awarded for rural electricity projects.

The Central Electric Power Co-op will receive the largest loan in the state with $40 million. The utility plans to use the money to build 11 miles of transmission line and improve another 77 miles of lines.

Associated Electric Co-op will receive $29.2 million. And Howell-Oregon Electric Co-op will receive $27 million.

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