With Help of CFC, Texas Coop Secures $115 Million in Financing for Renewable Projects
The National Rural Utilities Cooperative Finance Corporation (CFC) recently helped Nacogdoches, Texas-based East Texas Electric Cooperative (ETEC) secure $115 million through a syndicated credit facility. CFC and Regions Bank, based in Birmingham, Alabama, participated in a four-year, unsecured revolving credit transaction in which CFC will serve as the administrative agent. ETEC will use the funds to construct a 50-MW biomass plant and a 24-MW hydroelectric facility on the Trinity River near Livingston, Texas. Click here for more.