USDA Announces $3 Million in Smart Grid Funding

Agriculture Secretary Tom Vilsack recently announced funding to modernize and improve the efficiency of rural electric generation and transmission systems. Several of the loans contain support for smart grid projects. Secretary Vilsack announced in August that USDA had met its goal to finance $250 million in smart grid technologies in fiscal year 2012. This recent $107.5 million in loan guarantees includes nearly $3 million in smart grid technologies. The loan guarantees are provided by USDA Rural Development's Rural Utilities Service. USDA also funds energy conservation and renewable energy projects.
 
The following is a list of rural utilities that will receive USDA funding, which is contingent upon the recipient meeting the terms of the loan agreement.
 
Arizona, California and New Mexico

Arizona Electric Power Cooperative, Inc.: $34,028,000. Funds will be used to finance generation system improvements for the Apache Station. The loan includes $2,052,000 in environmental improvements.

Georgia

Satilla Rural Electric Membership Corporation: $13,000,000. Funds will be used to serve 4,517 customers, build and improve almost 400 miles of distribution line, and make other system improvements.

Iowa

Clarke Electric Cooperative, Inc.: $4,200,000. Funds will be used to serve over 100 customers, build seven miles of distribution line, and make other system improvements. The loan includes $684,476 for storm damage restoration.

Kansas

Kaw Valley Electric Cooperative, Inc.: $8,860,000. Funds will be used to serve over 400 customers, build and improve about 100 miles of distribution line, and make other system improvements. 

North Dakota

Central Power Electric Cooperative, Inc.: $5,024,000. Funds will be used to build a new headquarters facility.
McLean Electric Cooperative, Inc.: $9,500,000. Funds will be used to serve 563 customers, build and improve over 100 miles of distribution line, and make other system improvements. The loan includes $169,600 in smart grid projects.
Northern Plains Electric Cooperative: $25,214,000. Funds will be used to serve over 500 customers, build and improve 320 miles of distribution line, and make other system improvements. The loan includes $2,422,000 in smart grid projects.

Wisconsin

Jump River Electric Cooperative, Inc.: $7,700,000. Funds will be used to serve 462 customers, build and improve 64 miles of distribution line, and make other system improvements. The loan includes $314,658 in smart grid projects.

Source: 
Clean Edge News