USDA invests $900 million in rural electric infrastructure
Topics: USDA RURAL ELECTRIC INFRASTRUCTURE
Censky made the announcement at the National Rural Electric Cooperative Association’s annual meeting and conference in New Orleans.
USDA is providing financing through the Electric Loan Program.
It will help build and improve 2,743 miles of line to strengthen reliability in rural areas and will benefit 1.1 million rural residents and businesses.
The loans include $17 million for investments in smart grid technology that uses digital communications to detect and react to local changes in electricity usage. ■