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TeachMeFinance.com - explain Rural Electrification Administration (REA) Rural Electrification Administration (REA) The term 'Rural Electrification Administration (REA)' as it applies to the area of energy can be defined as ' A lending agency of the U. S. Department of Agriculture, the REA makes self-liquidating loans to qualified borrowers to finance electric and telephone service to rural areas. The REA finances the construction and operation of generating plants, electric transmission and distribution lines, or systems for the furnishing of initial and continued adequate electric services to persons in rural areas not receiving central station service'. Previous 5 Terms: Rural Community Advancement Program (RCAP) Rural Development Trust Fund Rural electric cooperative (cooperatively-owned electric utility) Rural Electric Cooperatives Rural Electrification Administration Next 5 Terms: Rural Health Clinic Rural home loans Rural home repair loans and grants Rural housing preservation grants Rural Housing Service (RHS) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.