USDA Provides $900 Million in Funding to Electric Cooperatives for Generation and Transmission Facilities and Smart Grid Improvements
The USDA announced on August 29, 2011, that sixteen electric cooperatives throughout the United States would receive a total of $900 million in loans for smart grid projects and improvements to generation and transmission facilities. The loans are being provided through the USDA Rural Utilities Service, and loan proceeds will help build approximately 1,500 miles of new distribution lines. Among the loan recipients are Ocmulgee Electric Membership Corporation in Georgia, Rolling Hills Electric Cooperative in Kansas, and Western Farmers Electric Cooperative. The largest loan, in the amount of $462 million, goes to Hoosier Energy Rural Electric Cooperative for additions and upgrades to generation and transmission facilities. Smart grid technologies received a total of $19 million.Read More »USDA Provides $900 Million in Funding to Electric Cooperatives for Generation and Transmission Facilities and Smart Grid Improvements