USDA to invest $122m in rural electric infrastructure and smart grid technologies
Acting Assistant to the Secretary for Rural Development Joel Baxley announced that the U.S. Department of Agriculture (USDA) is investing $122 million to expand and upgrade rural electric systems in Arkansas, Florida, Indiana, Oklahoma and South Dakota.
"Modern and reliable electric infrastructure is foundational to building prosperity in rural America," Baxley said. "Under the leadership of Agriculture Secretary Sonny Perdue, USDA is committed to being a strong partner in improving this essential infrastructure."
The funding includes more than $7 million to finance smart grid technologies to improve system operations and monitor grid security, USDA said in the press release.
USDA is investing in seven projects through funds from the Electric Loan Program. The loans will help build or improve 964 miles of line to benefit more than 6,200 business and residential customers.
Source: USDA
