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Big Rivers Electric Corp. slipped into default.

January 18, 1985

The western Kentucky firm owes the United States $1 billion, and the government isn't talking about how it intends to collect the debt. The Rural Electrification Administration called in all of its outstanding loans to Big Rivers on Jan. 4 after the utility failed to make its quarterly payment. REA spokeswoman Jeanne Miller said the agency would announce an action today.

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