$50 Million in USDA Funding for San Miguel Electric Cooperative

WASHINGTON - Congressman Vicente Gonzalez today announced that the U.S. Department of Agriculture (USDA) has awarded a loan of $50,000,000 to San Miguel Electric Cooperative.

This Rural Development investment will help San Miguel Electric Cooperative fund system improvements for a lignite fired steam electric generating unit. The funding will be on loan for 19 years and will strengthen eight rural electric cooperatives that serve approximately 270,000 residential and commercial consumers in 42 counties across Texas – including the 15th District of Texas.

"The 15th District of Texas is home to residents and businesses that will benefit from this funding," Congressman Gonzalez said. "I have witnessed, alongside the Co-op's General Manager Mike Kezar, the economic benefits and job growth potential that shale development can produce. I thank the USDA for investing in the state of Texas and look forward to the strength it will bring to communities in Central and South Texas."