|Braley Announces $40 Million for Central Iowa Power Cooperative|
|News Releases - Civic News & Info|
|Written by Amanda Bowman|
|Wednesday, 03 October 2012 13:37|
Loan will build and improve transmission lines
Waterloo, IA – Rep. Bruce Braley (IA-01) today announced that the Central Iowa Power Cooperative has been approved for a $40,121,000 guaranteed loan by the U.S. Department of Agriculture. The funds will be used to build and improve 115 miles of transmission line and make other system improvements in 51 counties. The loan amount also includes $866,000 in smart grid projects and the project will improve electric service to thousands across the state.
“It’s good to see this loan coming to Iowa to improve our transmission lines and the smart grid project,” said Braley. “I am encouraged by the USDA and its funding to improve the status of rural development in our state.”
Counties effected by the loan include Adair, Adams, Audubon, Benton, Black Hawk, Boone, Buchanan, Cass, Cedar, Clarke, Clinton, Dallas, Decatur, Delaware, Des Moines, Dubuque, Fayette, Fremont, Greene, Guthrie, Hamilton, Iowa, Jackson, Jasper, Johnson, Jones, Keokuk, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Taylor, Union, Warren, Washington, Wayne, and Webster.
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