U S D A / Rural Development
Washington, D.C.  20250-0705

USDA Rural Development Electric and Telephone Loans
August 14, 2003

Alabama -- $21,126,000
Covington Electric Cooperative, Andalasia, Ala. -- $21,126, 000 guaranteed electric loan package; $20,511,000 to serve 2,952 new consumers, construct 159 miles of distribution line, and to make other system improvements and $615,000 to finance a new, modern, headquarters facility that will better enable the cooperative to manage power loads and provide better service to consumers. The loan guarantees are both with the Federal Financing Bank.

Georgia --$130,320,000
Sawnee Electric Membership Corporation, Cumming, Ga. -- $101,338,000 electric loan to serve 22,250 new consumers, construct 1,444 miles of distribution line and make other system improvements.

Jefferson Energy Cooperative, Louisville, Ga. -- $18,982,000 electric loan to serve 3,733 new consumers, construct 227 miles of distribution line and make other needed system improvements.

Planters Electric Membership Corporation, Millen, Ga. -- $10,000,000 electric loan to serve 1,533 new consumers, construct 130 miles of distribution line, and make other system improvements.

Kansas -- $7,502,000
Prairie Land Electric Cooperative, Norton, Kan. -- $5,702,000 electric loan to serve 556 new consumers, construct 54 miles of transmission line and make other system improvements.

Twin Valley Electric Cooperative, Altamont, Kan. -- $1,800,000 electric loan to serve 200 new consumers, construct 11 miles of new transmission line, and make other needed system improvements.

Minnesota -- $3,964,000
Goodhue County Cooperative Electric Association in Zumbrota, Minn.-- $3,964,000 electric loan to serve 300 new consumers, construct 43 miles of new distribution line and make other needed system improvements to enhance the service to the customer-members of the Cooperative.

Missouri -- $42,786,000
Lewis County Rural Electric Cooperative, Lewistown, Mo. -- $4,866,000 electric loan to serve 325 new consumers, construct 22 miles of new distribution line and make other needed system improvement that will enhance the quality of service to rural customers.

Consolidated Electric Company, Mexico, Mo. -- $1,637,000 guaranteed electric loan to finance new modern headquarters facilities and to finance Automated Meter Readers to provide better quality service to the member owners. The loan is guaranteed with the Federal Financing Bank.

Co-Mo Electric Cooperative, Tiplon, Mo. -- $32,639,000 electric loan to serve 2,550 new consumers, construct 172 miles of new distribution line and make other needed system improvements to enhance the quality of service to rural consumers.

The Howard Electric Cooperative of Fayette, Mo. -- $3,590,000 electric loan to extend service to 358 new consumers, construct 29 miles of distribution line, and make other needed system improvements to improve the service to the customer-members of the Cooperative.

Oregon--$4,536,000
West Oregon Electric Cooperative, Vernonia, Ore. -- $4,536,000 electric loan to serve 240 new consumers, construct 18 miles of distribution line, and make other needed system improvements that will enhance the quality of service to the member-owners of this rural cooperative system.

South Carolina -- $78,152,000
Marlboro Electric Cooperative, Bennettsville, S.C. -- $12,000,000 electric loan to serve 1,280 new consumers, construct 141 miles of distribution line, and make other needed system improvements that will enhance the quality of service for the rural member-owners.

Laurens Electric Cooperative, Laurens, S.C. -- $48,152,000 electric loan to serve 8,800 new consumers, construct 860 miles of distribution line, and make other needed system improvements that will improve the quality of electric service for the member-owners of the rural cooperative.

York Cooperative, York, S.C. -- $18,000,000 electric loan to serve 1,720 new consumers, construct 102 miles of distribution line, and make other needed system improvements that will enhance the quality of service to the rural member-owners of the cooperative.

Lake Region Electric Association, Webster, S.D. -- $1,196,000 guaranteed electric loan to serve 58 new consumers, build 5 miles of distribution line, and make other needed system improvements to enhance the service to the customer-members of the Cooperative.

Virginia--$10,500,000
Southside Electric Cooperative, Crewe, Va. -- $10,500,000 electric loan to serve 2,908 new consumers, construct 212 miles of new distribution line and make other needed system improvements that will enhance the quality of service to the rural member-owners of the cooperative.

Wisconsin -- $11,587,000
Chibardun Telephone Cooperative, Dallas, Wis. -- $11,587,000 in telecommunications loans to connect 1,143 new subscribers, deploy 21 new route miles of fiber and copper cable, purchase and install a next generation soft switch, install DLCs to be served by fiber optic facilities, to install OC-48 terminals and construct new combination headquarters/warehouse/vehicle storage building for the telephone cooperative. The Rural Telephone Bank and the Federal Financing Bank are assisting with the financing package.

Multi-State Distribution -- $22,190,000
Basin Electric Power Cooperative, Bismarck, N.D. -- $22,190,000 guaranteed electric loan to finance, among other things, turbines, environmental-revised stacks, other environmental equipment required by EPA, owner-furnished SF6 Breakers and Relay panel for transmission purposes, and other miscellaneous equipment and expenses related to the additional generation units. The guarantee is of a loan with the Federal Financing Bank. The Basin Electric Power Cooperative, a generation and transmission cooperative headquartered in Bismarck, North Dakota, serves member distribution cooperatives in six states; Colorado, Iowa, Nebraska, North Dakota, South Dakota and Wyoming.

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