Archive for Thursday, July 8, 2010

Federal loan allows Rolling Hills Electric Cooperative to add hundreds of customers

July 8, 2010


— An electric cooperative in north-central Kansas has been awarded a $9.3 million federal loan.

The U.S. Department of Agriculture says the loan will allow the Rolling Hills Electric Cooperative to build 61 miles of new distribution lines and upgrade 12 miles of exiting lines.

The new lines and upgrades will allow the Mankato-based co-op to serve an additional 680 electric customers.

USDA says it's providing loans or loan guarantees for projects in 20 states to build 4,300 miles of new lines and upgrade nearly 3,000 miles of existing lines.


devobrun 7 years, 10 months ago

That's $13,677 per customer.

At $100 per month per customer, it'll take better than 11 years to pay back the capital.

Seems pretty steep to me.

But then, the Department of Agriculture spends a lot of money to keep farmers afloat.

imastinker 7 years, 10 months ago

Are there people in the state without electric now?

pace 7 years, 10 months ago

There is always developmental potential for land if you can just get the utilities paid for. A lot of farmland could become neighborhoods if they had water and electric. Imagine being able to turn those fields and pastures into endless rows of new homes.

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