Thursday, April 24, 2008

Greystone Gets $111 Million From USDA

From a press relase from the USDA's website:

"Greystone Power Corporation, in Douglasville, Ga. will receive $111 million to build 1,370 miles of new distribution line and 144 miles of improvements for 32,985 consumers in an eight-county area west of metropolitan Atlanta. "

The exact amount they are gettting is $11,738,000.  But they are not GETTING this money.  It will be a loan, which they will have to pay back.  Just guess how they will pay it back. 

Higher rates?  A good possibility.

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