Friday, September 23, 2011 » First in US Co-op Loan Program

Michale W. Kahn, ECT Staff Writer
"Central Electric Power Cooperative has received a $740,000 Department of Agriculture loan. Columbia, S.C.-based Central will use the funds to underwrite 100 residential loans for an energy efficiency research pilot over the next year.

The zero-percent interest money comes from the Department of Agriculture’s Rural Economic Development Loan and Grant program, or REDLG. State co-op officials said this is the first time a REDLG loan has been used strictly for energy efficiency.


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