Piedmont Electric Membership Corp. Eligible For $1.3 Million
Release Date: March 3, 2003
Release Number: R4-03-26
Raleigh, NC -- The Federal Emergency Management Agency (FEMA) announced today that it will provide more than $1 million in federal funds to the Piedmont Electric Membership Corporation for restoration of the electrical utility system damages from the ice storm that struck portions of the state in early December.
The power company, which serves customers in five counties - Durham, Orange, Persons, Granville and Alamance - suffered widespread damage to its system.
FEMA will pay 75 percent, or $1,319,959 of the single project's $1,759,946 cost, with the remaining 25 percent funded by the State of North Carolina.
"Ensuring that vital community services are restored as quickly as possible is part of our continuing commitment to help North Carolina on the road to recovery," said FEMA Director Joe M. Allbaugh.
An additional $340,203 has also been approved for three other Piedmont Electric projects to cover eligible costs for debris removal, emergency protective measures and repairs to the electric utility system.
The funds are made available under the FEMA Public Assistance program to the 43 counties that were declared disaster areas by President Bush. Under the program, which is administered by the State of North Carolina, eligible disaster-related costs are reimbursed to government and certain non-profit units providing essential government-like services in the area of emergency protective measures, debris removal, and restoration of public facilities.
In addition to the Energy United Electric Membership Cooperative, nearly 300 other applications for reimbursement have been submitted to FEMA.
Last Modified: Monday, 14-Apr-2003 09:22:48