Petit Jean Electrical Co-op receives federal loan for venture

Small ROCK, Ark. (AP) - Petit Jean Electrical Cooperative Corp. in Arkansas will acquire a just about $ million federal loan for development and improvement projects.

The loan is component of $3.six billion in loans to 82 projects in 31 states announced Wednesday by U.S. Department of Agriculture Secretary Tom Vilsack.

These loans will finance infrastructure upgrades, build jobs and improve system operations for rural electrical prospects nationwide.

The Petit Jean Electrical Co-op will make use of the loan to build or make improvements to 135 miles of line.

The loans are presented through the Electrical Program from the Rural Utilities Services, that is the successor for the Rural Electrification Administration.

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