Sioux Falls, SD – U.S. Senator Tim Johnson (D-SD) announced today that Union County Electric Cooperative, Inc. in Elk Point will receive a $2,690,000 loan from U.S. Department of Agriculture (USDA) Rural Development’s Rural Utilities Service (RUS). The funding will be used to add 16 miles to the area’s electric grid and make improvements to 26 miles of the existing line.
“I am glad that Union County Electrical Cooperative will receive this loan to invest in expanding and improving the energy grid in South Dakota,” said Johnson, a member of the Senate Energy Committee. “It is important that USDA and other government entities make smart, targeted investments like this to ensure that our communities have the infrastructure necessary to support economic growth. This loan program helps rural electric cooperatives improve distribution while keeping rates reasonable for consumers.”
The funding announced today is part of an effort by the USDA’s RUS to make improvements to America’s electric infrastructure. Over $900 million was distributed throughout the country to help upgrade, expand maintain and replace infrastructure in rural America. The funding will help build nearly 1,500 miles of line and improve 1,700 miles.