Jeff Bingaman United States Senator from New Mexico

WASHINGTON – U.S. Senator Jeff Bingaman today announced that Otero County Electrical Cooperative has been approved for a $22.8 million low-interest loan.

The Otero County Electrical Co-op will use the funds to build 280 miles of distribution lines and make other system improvements, which will help expand services to 2,170 consumers.

“I am pleased the federal government is making this low-interest loan available to help bring an important service to New Mexicans in this part of the state,” Bingaman said.

Funds were provided through the U.S. Department of Agriculture’s Rural Development Program. The low-interest loan will be paid back over 35 years.