(TNS) — A Columbus -based electric cooperative is receiving a $200 million investment from the U.S. Department of Agriculture to pay for wind and solar projects.
The award announced Thursday to Nebraska Electric Generation & Transmission Cooperative Inc. is part of the USDA’s Empowering Rural America Program. NEGT was one of 10 rural electric cooperatives to share in $4.37 billion in this round of funding.
The USDA did not say whether the $200 million is a grant or a loan, and NEGT General Manager Darin Bloomquist said he could not discuss specifics of the award, “because this process involves multiple entities that are under non-disclosure agreements involving details of how ultimately the award may be utilized.”
According to a news release, the co-op, which has 20 members serving about 150,000 retail customers, will use the money to pay for wind and solar…
