Delegation announces $400 million in co-op loans

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North Dakota's congressional delegation says the state's electric cooperatives are in line for more than $400 million in federal loans.

The total includes a $325 million loan to Bismarck-based Basin Electric Power Cooperative. Basin has been seeking federal help to build a coal-fired power plant in northeastern Wyoming.

The delegation says the Central Power Electric Cooperative is getting a loan of more than $55 million for its transmission system, and Verendrye Electric Cooperative is getting a $23.6 million loan to build or improve more than 100 miles of distribution lines.

The delegation says the loans come from the Agriculture Department's Rural Development program.

- Associated Press

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