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CFC manages and funds the Rural Telephone Finance Cooperative (RTFC), [5] an organization that provides financing to the rural telecommunications industry. CFC also manages and funds the National Cooperative Services Corporation (NCSC), [6] an organization that provides electric cooperatives with specialized financing services that supplement the financial services of CFC.
In December 2020, co-ops under NRECA won $1.6 billion from the FCC's Rural Digital Opportunity Fund to provide rural broadband service to approximately 900,000 locations. In February 2021, NRECA's Matheson filed an appeal to the FCC for also awarding SpaceX 's Starlink internet service funds.
In 1949, the Rural Electrification Administration (REA) loan program was established to give long-term, low-interest loans to rural telephone systems. In response, the National Rural Electric Cooperative Association (NRECA) created a committee of representatives from emerging joint electric-telephone cooperative organizations.
The Rural Electrification Act of 1936 (REA), enacted on May 20, 1936, provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States. The funding was channeled through cooperative electric power companies, hundreds of which still exist today. [1]
That same year, in France and Germany, nearly 90% of farms had electricity. Backed by the 1936 Rural Electrification Act the REA gave loans and other help to rural organizations setting up their own power systems and was one of the New Deal's most successful programs. [6] By 1937, hundreds of new municipal power utilities were created nationwide.
National Rural Utilities Cooperative Finance Corporation; P. Palmetto Electric; R. Rural Electrification Act; W. West Florida Electric Cooperative This page was ...
Residents and government officials came together for a Rural Community Funding Summit in Rayne on Tuesday. The summit was made possible in part by U.S. Sen. Bill Cassidy, M.D. (R-LA) through the ...
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are dividends paid on a member's investment in the cooperative.