Colorado U.S. Senators Michael Bennet (D) and Cory Gardner (R) today announced that Mountain View Electric Association, headquartered in Limon, will receive an $82.1 million loan from the U.S. Department of Agriculture to build 197 miles of electric line, improve 197 miles of electric line, and make other system improvements in rural communities. The loan amount also includes $2 million for smart grid projects.
“This loan will help modernize Colorado's rural infrastructure in many of our communities while also expanding economic opportunities and creating jobs,” said Bennet. “By making these critical investments now in our infrastructure, we will help rural Colorado compete in the 21st century economy.”
“This 82 million dollar loan from USDA’s rural development agency is great news for Colorado because it will build additional infrastructure and revitalize lines that provide electricity for almost 50,000 customers in Colorado,” said Gardner. “This money will also be utilized to invest in smart grid projects and advance grid modernization in our state.”
Mountain View Electric Association currently provides electric services to nearly 50,000 customers over 6,055 miles in Arapahoe, Crowley, Douglas, El Paso, Lincoln and Pueblo counties.
For more information about USDA Rural Development, visit www.rd.usda.gov.