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In 1965, MLEC's manager, Paul Tidwell, was elected president of the National Rural Electric Cooperative Association following his high-profile advocacy and congressional testimony in favor of rural electrification. [10] [11] By 1994, it had expanded its network to over 3,000 miles (4,800 km) of power lines. [6]
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
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.
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. [4]
By 1937, hundreds of new municipal power utilities were created nationwide. In 1939, 288,000 households had their electricity provided by rural electric cooperatives. Most of these electric co-ops had applied for and received loans from REA. By 1942, nearly 50% of US farms had electricity, and by 1952 almost all US farms had electricity. [7]
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.
In 1937, two committees of citizens from three counties sought aid to construct a local rural electric distribution system under the New Deal's Rural Electrification Administration. They formed the Southern Maryland Tri-County Electric Cooperative Association, which was reorganized as a cooperative under the SMECO name in 1942.
Allegheny Electric Cooperative is composed of 14 member electric cooperatives in Pennsylvania and New Jersey, who are all members of the Pennsylvania Rural Electric Association: [2] Adams Electric Cooperative; Bedford Rural Electric Cooperative; Central Electric Cooperative; Claverack Rural Electric Cooperative; New Enterprise Rural Electric ...