News Release
Release No.STELPRD4020968
ContactDeborah Callahan(706) 546-2162
(JUNE 17, 2013) ADMINISTRATOR OUTLINES PLAN TO IMPROVE SERVICE TO RURAL ELECTRIC COOPERATIVES
Stone Mountain, GA, Jun 17, 2013 --

@@USDA Rural Utilities Service Administrator John Padalino today spoke at the Rural Electric Management Development Council (REMDC) Annual Meeting about USDA plans to improve the delivery of services to rural electric cooperatives.

“We are working to update and streamline regulations to make our programs more responsive to our borrower’s needs,” said Padalino.

For example, USDA is considering regulatory reforms related to “project financing” requirements and to clarify how Rural Utilities Service determines eligibility for financing renewable energy and smaller projects. Details are posted at the USDA Electric Program website: http://www.rurdev.usda.gov/UEP_HomePage.html

The 2013 REMDC Annual Meeting is hosted by the Tri-County Electric Membership Cooperative and focuses on finding ways to improve the effectiveness of management at rural electric systems.

USDA provides funding opportunities in the form of payments, grants, loans, and loan guarantees, for the development and commercialization of vital utility services. Utility Services are the foundation of rural infrastructure. Reliable and affordable water, waste treatment, electric power and telecommunications services can help rural areas expand economic opportunities and improve the quality of life for rural residents.

President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.

USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.

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 $828 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.

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