USDA Announces New Funding for Rural Smart Grid Technologies

Agriculture Secretary Tom Vilsack recently announced funding to modernize and improve the efficiency of rural electric generation and transmission systems. The announcement includes a $30 million loan guarantee to Jefferson Energy Cooperative, which serves parts of 11 Georgia counties. Secretary Vilsack announced last month that USDA met its goal to finance $250 million in smart grid technologies in fiscal year 2012. This recent announcement includes support for $9.8 million in smart grid technologies.
 
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.
 
Alabama

Cullman Electric Cooperative: $29,190,000. Funds will be used to build and improve 461 miles of distribution line and make other system improvements. The loan guarantee includes $937,600 in smart grid projects.

Arkansas

South Central Arkansas Electric Cooperative, Inc.: $10,800,000. Funds will be used to serve build and improve 141 miles of distribution line and make other system improvements. The loan guarantee includes $1,099,000 in smart grid projects.

Georgia

Jefferson Energy Cooperative : $30,000,000. Funds will be used to build and improve 467 miles of distribution line and make other system improvements. The loan guarantee includes $202,592 in smart grid projects.

Kansas

Western Cooperative Electric Association, Inc.: $7,238,000. Funds will be used to serve build and improve 6 miles of distribution line and make other system improvements.

New Mexico

Mora-San Miguel Electric Cooperative, Inc. : $8,374,000. Funds will be used to serve build and improve 122 miles of distribution line, and make other system improvements. The loan guarantee includes $120,000 in smart grid projects.

North Dakota

Dakota Valley Electric Cooperative, Inc.: $24,100,000. Funds will be used to build and improve 404 miles of distribution line, and make other system improvements. The loan guarantee amount includes $2,380,000 in smart grid projects.

Ohio

The Frontier Power Company: $6,400,000. Funds will be used to build and improve 113 miles of distribution line, and make other system improvements. The loan guarantee includes $221,232 in smart grid projects.

Texas

Wood County Electric Cooperative, Inc.: $32,000,000. Funds will be used to build and improve 222 miles of distribution line, and make other system improvements. The loan amount includes $225,000 in smart grid projects.

Virginia and North Carolina 

Mecklenburg Electric Cooperative: $18,931,000. Funds will be used to build and improve 166 miles of distribution line, and make other system improvements. The loan guarantee includes $833,279 in smart grid projects.

The $128 million in loan guarantees announced today are provided by USDA Rural Development's Rural Utilities Service. The funding aims to help electric utilities upgrade, expand, maintain and replace rural America's electric infrastructure. The agency also funds energy conservation and renewable energy projects.

Source: 
Clean Edge News