indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Health Coverage for American Indians and Alaska Natives
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Yakama Nation secures $30M loan to expand utility company

Filed Under: Business
More on: energy, loans, usda, washington, yakama
     
   

Leaders and members of the Yakama Nation are seen with Washington Gov. Jay Inslee (D) in 2014. Photo from Office of Jay Inslee

The Yakama Nation of Washington has secured a federal loan to assist with its efforts to expand power service on the reservation.

Yakama Power can use the $30.8 million loan to improve transmission and distribution line and make other system improvements. But it also could help finalize the purchase of Benton REA, a local utility, for $24 million, The Yakima Herald-Republic reports.

The members of Benton REA are voting on the proposed deal, the paper said. If it's approved, Yakama Power would add another 2,000 customers to the existing 700, according to the paper.

The $30.8 million loan was announced by the Department of Agriculture on Wednesday. A total of $3.6 billion is being loaned for rural electric projects in 31 states.

"For 80 years, rural electric utilities have provided reliable and affordable electricity to help rural communities increase productivity and build stronger economies," Secretary Tom Vilsack said in a press release. "These loans will help them continue to do that. The utilities and cooperatives will use some of the money to finance energy efficiency projects, renewable fuel systems and smart grid technologies to increase our energy independence and improve rural electric infrastructure."

Read More on the Story:
Yakama Power lands $30 million USDA loan for expansion (The Yakima Herald-Republic 10/26)

Related Stories:
Yakama Nation seeking to expand power service on reservation (08/04)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Department of the Army takes the lead on Dakota Access Pipeline (1/18)
Dakota Access executive confirms crude already placed in pipeline (1/18)
Bureau of Indian Affairs releases annual listing of recognized tribes (1/18)
Lakota Country Times: Rosebud Sioux Tribe opens homeless shelter (1/18)
Native Sun News Today: Northern Cheyenne focuses on foster care (1/18)
Brandon Ecoffey: Be safe and be prepared as winter hits the plains (1/18)
Disenrollment epidemic affects dozens of tribes across the nation (1/18)
New battle opens as Dakota Access disputes environmental review (1/17)
Judge declines to block publication of Dakota Access Pipeline notice (1/17)
Standing Rock Sioux Tribe responds quickly to Dakota Access threat (1/17)
President Obama names first members of Native youth commission (1/17)
Tim Giago: Discovering a love for food at an Indian boarding school (1/17)
Lakota Country Times: Historic decision for Indian Child Welfare Act (1/17)
Native Sun News Today: Pine Ridge teams fight it out at the buzzer (1/17)
Delphine Red Shirt: Tournament is a testament to our Native youth (1/17)
Native Sun News Today Editorial: News for ranchers in the new year (1/17)
Gyasi Ross: Let's divest from DAPL and support Native owned banks (1/17)
Jeffrey Ostler/Nick Estes: Treaties and the Dakota Access Pipeline (1/17)
Mary Annette Pember: Bad River Band takes stand on oil pipeline (1/17)
Steve Russell: Resolutions for tribal leaders and even the Donald (1/17)
Craig Tribal Association celebrates 'historic' trust land acquisition (1/16)
Mark Trahant: Congress moves forward with repeal of Obamacare (1/16)
Native Sun News Today: Northern Cheyenne banker beats the odds (1/16)
James Giago Davies: The real power to defeat the Wasicu pipeline (1/16)
Tiffany Midge: Hollywood needs to stop stereotyping Native people (1/16)
Peter d'Errico: New book connects Native America with Palestine (1/16)
Alaska tribe makes history with approval of trust land application (1/13)
Mille Lacs Band divests from bank over Dakota Access financing (1/13)
Navajo Code Talkers participate in presidential inaugural parade (1/13)
Native Sun News Today: Uranium expansion by sacred site halted (1/13)
Clara Caufield: Commemorating the outbreak from Fort Robinson (1/13)
Terese Mailhot: Paying tribute to my brother & my protector Guy (1/13)
Steven Newcomb: It's been 130 years of taking indigenous lands (1/13)
Trump's Energy nominee vows to stay away from Dakota Access (1/12)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.