WASHINGTON, D.C. [03/25/21]—U.S. Senators Amy Klobuchar and Tina Smith (D-Minn.) announced a federal rural electric loan package totaling more than $100 million to build and improve electric infrastructure in Minnesota.
Minnkota Power Cooperative will receive a $80,560,000 loan to fund improvement projects. Minnkota Power is headquartered in Grand Forks, and provides wholesale electric power to 11 distribution cooperatives serving nearly 137,000 households in eastern North Dakota and northwestern Minnesota. Minnesota Valley Cooperative Light and Power will receive a $22,817,000 loan to connect 132 consumers. This loan will also help expand smart grid technologies and build and improve 137 miles of line.
“When we invest in electric infrastructure, we invest in opportunity for all Minnesotans,” said Sen. Klobuchar. “In 2021, everyone should have access to reliable electricity, regardless of their zip code. This federal funding will help ensure those in rural areas have the electricity they need to work, go to school, and care for their loved ones.”
“Minnesota’s rural communities and small towns need reliable electricity. This is an issue of access and affordability,” said Sen. Smith, Chair of the Rural Development and Energy Subcommittee. “With this federal investment, Minnkota Power Cooperative and Minnesota Valley Cooperative Light and Power will boost our state’s rural electric infrastructure, all while supporting jobs and improving Minnesotans’ quality of life.”
You can learn more about the loans here.