WASHINGTON — Senator Chuck Grassley said today that the U.S. Department of Agriculture, Office of Rural Development is awarding a $5 million loan to the Tri-County Electric Cooperative in Rushford , Minnesota which serves the Iowa counties of Allamakee, Howard and Winneshiek through the Electric Loan program.
The funds will help pay for a new headquarters facility due to extensive flooding which destroyed the previous headquarters.
“These funds will help the Tri-County Electric Cooperative ensure service to its customers after the devastating floods,” Grassley said.
The Electric Loan program assists rural areas in the financing of construction of electric distribution, transmission, and generation facilities, including system improvements and replacement required to furnish and improve electric service, as well as demand side management, energy conservation programs and on-grid renewable energy systems.