USDA Financing to Improve North Dakota Electrical Systems

Name
Samantha Evenson
City
Bismarck
State
North Dakota
Release Date
Sep 09, 2014

Jasper Schneider, USDA Rural Development state director, today announced more than $115 million will be invested in electrical infrastructure improvements. The funding will help electrical providers increase capacity to meet North Dakota’s demand for services. 

"North Dakota’s population is on the rise and private industry is growing,” said Schneider. "These investments will allow our electric cooperatives to build-out their infrastructure to better serve their expanding member base.” 

Financing is provided through the U.S. Department of Agriculture’s (USDA) Rural Utilities Service Program. The following projects will expand, upgrade and make efficiency improvements to deliver reliable and affordable electricity. 

Cass County Electric Cooperative (Fargo) – $36,300,000 loan. To build or improve 771 miles of line, and make other system improvements. The loan amount includes $8,947,760 for smart grid projects.

Roughrider Electric Cooperative (Dickinson) – $50,000,000 loan. To build or improve 687 miles of line, and make other system improvements. The loan amount includes $138,000 for smart grid projects and funds allocated for service to Native Americans.

Central Power Electric Cooperative (Minot) – $29,214,000 loan. To build a new substation, create 56 miles of new power lines, and provide needed upgrades to existing facilities in north-central North Dakota.

Since 2009, USDA has invested more than $2.4 billion in North Dakota electric infrastructure projects. Further information on these and other rural programs is available by visiting USDA's web site at http://www.rurdev.usda.gov/nd.