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North Dakota G&T Coop to Receive Over $500 Million in RUS Loan Guarantees; Georgia's Oglethorpe to Receive $373 Million

Basin Electric Power Cooperative, a G&T based in North Dakota, will receive more than $500 million of the $2.9 billion in federal loan guarantees from Rural Utililties Service(RUS) (subscription required).  Nearly $405 million is slotted for a 300-MW nat
December 8, 2010

Basin Electric Power Cooperative, a G&T based in North Dakota, will receive more than $500 million of the $2.9 billion in federal loan guarantees from Rural Utililties Service(RUS) (subscription required).  Nearly $405 million is slotted for a 300-MW natural gas-fired power plant.  The rest is slotted for two wind projects that will generate 120 MW.  

Oglethorpe Power Corporation, based in Georgia, was approved for roughly $373 million to pay for two gas-fired generation plants.  Mississippi Electric Power Assocation was approved for $267 million for combustion turbines and new heat recovery steam generators for existing units.

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