WASHINGTON – U.S. Senator Kevin Cramer (R-ND) announced today the U.S. Department of Agriculture’s (USDA) Office of Rural Development awarded Minnkota Power Cooperative a loan of $80,560,000 through the Electric Loan Program.
The funds come as part of an investment by USDA across 11 states and will be used by Minnkota Power, headquartered in Grand Forks, to finance generation and transmission system improvement projects.