6 Missouri utilities to share $120 million in federal loans
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.