About the Program
The Electric Program makes insured loans and guarantees of loans to nonprofit and cooperative associations, public bodies, and other utilities. Insured loans primarily finance the construction of electric distribution facilities in rural areas. The guaranteed loan program has been expanded and is now available to finance generation, transmission, and distribution facilities in rural areas.
The Electric Program maintains a staff of general field representatives (GFRs) stationed around the country. GFRs are an integral part of our outreach delivery system that has been a vital component of the program since its inception. GFRs meet regularly with borrowers at the borrower's locations. They assist with developing loan applications, discuss matters of interest to borrowers, and porvide assistance as requested - all on a one-to-one basis. Field accountants are available to electric and telecommunications borrowers to provide advice and assistance on accounting issues.
GFRs serve as an information conduit for the borrowers and headquarters staff. There is a tremendous amount of activity at the state and Federal level related to the electric industry. The GFRs keep borrowers current on issues that profoundly impact their business. GFRs play a critical role in the flow of information to electric borrowers. This two-way flow of information enhances our relationship and improves the impact of our outreach efforts.
The Electric Program maintains close contact with industry trade associations such as the National Rural Electric Cooperative Association (NRECA) to obtain additional borrower feedback and exchange information on industry developments.
Track our progress throughout the fiscal year by looking at the latest BoxScore. This document displays loan making details of the various Electric Program loan offerings.
Acting Administrator: John Charles Padalino coordinates and directs the Electric, Telecommunications, Water and Environmental programs. Sets the overall policy for the Agency, reviews policies, and stimulates change for improvements.
Acting Assistant Administrator, Electric Program: James Elliott directs and coordinates the Electric Program, working with the Administrator and Deputy Administrator in planning and formulating program activities.
Northern Regional Division (NRD) and Southern Regional Division (SRD): Joseph Badin (NRD) and Annie Holloway-Jones (SRD) are the primary contacts for electric distribution borrowers. Each office administers the Electric Program for an assigned geographical area with the assistance of the locally assigned GFR. See the GFR Map to determine the personnel in the area in which you have an interest. Regional Directors lead and coordinate the activities of the Divisions' Operations, Engineering, and Field branches. Directors provide guidance to borrowers on loan policies and procedures, and on evaluating and processing guaranteed loan packages and other requests for financial assistance for distribution and transmission systems and related facilities. Guidance is provided to borrowers concerning environmental compliance, supplemental power resources including renewable energy, and load and energy management initiatives including energy efficiency and smart grid deployment.
Power Supply Division (PSD): Victor Vu is the primary contact for power supply borrowers. PSD staff develops and administers engineering and construction functions related to planning, design, construction, operation, and maintenance for power supply borrowers. Staff also maintains a continuing financial and management overview to ensure operations are consistent with sound fiscal policies and procedures.
Electric Staff Division (ESD): Jonathan Claffey is the primary contact for the Electric Staff Division. This division is responsible for engineering aspects of the Electric Programs' standards, specifications, and other requirements with respect to design, construction, and technical operation and maintenance of power-plant, distribution, and transmission systems and facilities, including load management, energy conservation, and communications.
Technical Standards Committee "A" (TechA): Norris Nicholson is the contact for the TechA Committee in ESD. The Committee maintains and publishes updated List of Materials compatible with current Electric Program standards.