When the Block Island Utility District acquired the assets of the Block Island Power Company in March, it found a willing partner with the National Rural Utilities Financing Corporation, and this week executives from the bank came for a visit.
The bank, which is a not-for-profit cooperative, serves electrical cooperatives and public utilities across most of the country, with almost 1,000 members who in turn serve 42 million customers and have 2.6 million miles of electric lines. This year they are celebrating 50 years of existence, providing not only capital to utilities, but financial modeling
Read more on the Block Island Times website