Utility to receive bonds for East Texas hydro project

East Texas Electric Cooperative Inc. (ETEC) will receive $10.2 million in Clean Renewable Energy Bonds for a hydroelectric plant near Livingston, Texas.

The 24-MW plant, which will be built on the Polk County side of the Lake Livingston Dam on the Trinity River, is expected to begin generating commercial power early in 2012. It is being developed by the Trinity River Authority of Texas and the City of Houston.

“ETEC is investing in the facility to provide our members with power that is both affordable and environmentally friendly,” said ETEC General Manager Edd Hargett.

ETEC provides power to more than 307,000 customers in East Texas.

The National Rural Utilities Cooperative Finance Corp. obtained the funds from a federal program to finance renewable energy projects. The cooperative serves the nation’s rural utility systems, the majority of which are electric cooperatives.

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