All three of Nebraska's House of Representatives delegation signed a letter in support of the Rural Utilities Service (RUS) Electric Loan Program this week.
Along with supporting the Administration’s $6.1 billion request for FY13, the letter highlights that RUS electric loans are projected to raise more than $300 million for the U.S. Treasury to help reduce the deficit. The letter urges the subcommittee to address the Administration’s proposed RUS lending restrictions to limit large portions of total loan levels for specific renewable and environmental projects. RUS lending policies should be driven by electric co-op borrower needs instead of limiting loan availability to specific project types. We are off to a good start on demonstrating bipartisan support for RUS electric loans as appropriations bills move on to committee review.