Lincoln, Nebraska, Apr 18, 2013 -- USDA Rural Development has announced that Tri-State Generation and Transmission Association, Inc. of Denver, Colorado will receive a guaranteed electric loan of nearly $52 million to improve electric services to rural areas in parts of Nebraska, Colorado, New Mexico and Wyoming. The United States Department of Agriculture (USDA) remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today's announcement is one part of the Department's efforts to strengthen the rural economy.
The monies will be used to upgrade and modify existing generation and transmission facilities. It includes $1,659,935 for environmental improvements. Nebraska counties impacted from funding include Arthur, Banner, Box Butte, Chase, Cherry, Cheyenne, Dawes, Deuel, Garden, Grant, Hayes, Hooker, Keith, Kimball, Lincoln, Morrill, Perkins, Scotts Bluff, Sheridan and Sioux.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration - the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $700 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.