Nuclear investments weaken rural co-ops: federal loans of $7. 9 billion debated
Journal Article
·
· Power Line; (United States)
OSTI ID:6711461
Rising interest rate and a $7.9 billion federal debt for nuclear projects is threatening the Rural Electrification Adminstration's (REA) effort to finance rural cooperatives because Congress would not raise the 5% interest ceiling on REA loans. H.R. 3050 and S. 1300, the Rural Electrification and Telephone Self Sufficiency Act, would convert the $7.9 billion debt to a revolving loan fund. The co-ops claim it will not cost ratepayers, but administration officials advise a veto if the bill passes to force the co-ops to borrow from private sources. Administration spokesmen deny that their plan is to dismantle REA, but concede that they want to separate the healthy from the weak co-ops. 1 table.
- OSTI ID:
- 6711461
- Journal Information:
- Power Line; (United States), Journal Name: Power Line; (United States) Vol. 9:9-10; ISSN POLID
- Country of Publication:
- United States
- Language:
- English
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