SECRETARY VILSACK ANNOUNCES $44 MILLION LOAN TO EASTERN IOWA LIGHT & POWER COOPERATIVE

USDA Secretary Tom Vilsack visited Eastern Iowa Light & Power Cooperative last week to announce a historic $44 million loan to the coop to improve 350 miles of electric line in eastern Iowa. The grant is the largest electric distribution loan ever issued by the USDA’s Rural Utilities Services in Iowa. The loan includes funding for smart-grid technology and other improvements to ensure reliable power for member-consumers in the state.