News Release
Release No.STELPRD4016127
ContactJohn Rabaglia303-740-2094
Vicki Schurman402-437-5563
(MAY 8, 2012) PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION RECIPIENT OF USDA RURAL DEVELOPMENT GUARANTEE
Lincoln, Nebraska, May 08, 2012 --

@@USDA Rural Development has announced that Panhandle Rural Electric Membership Association (PREMA) is the recipient of a $7,839,000 loan originated by Federal Financing Bank and backed by a USDA Rural Development guarantee. The loan will be utilized to expand and upgrade PREMA’s distribution facilities, which service in excess of 3,700 residential, commercial and irrigation consumers in 10 counties. The loan includes $1,823,200 in smart grid projects.

For more information contact John P. Rabaglia at (303)740-2094 or john.rabaglia@wdc.usda.gov.