Acting Assistant to the Secretary for Rural Development Joel Baxley Monday announced the USDA is investing $485 million to upgrade rural electric systems and reduce energy costs. The funding includes nearly $7.1 million for smart grid technologies that improve system operations and monitor grid security.
“Under the leadership of Agriculture Secretary Perdue, USDA is a proud partner to utilities and cooperatives delivering reliable, affordable power to rural communities,” Baxley said. “These loans will enhance rural economic development and help improve the quality of life for people who live and work in rural America.”
USDA is providing financing through the Electric Loan Program to improve rural electric infrastructure in Georgia, Illinois, Iowa, Michigan, Minnesota, Mississippi, Missouri, New Mexico, North Carolina, North Dakota, South Dakota, Texas and Wisconsin. These investments will help build or improve 2,635 miles of line....
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- - Volume: 7 - WEEK: 15 Date: 4/8/2019 10:06:49 AM -