Electric system improvements projects offered in rural communities in 18 states

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Agriculture Secretary Tom Vilsack announced funding for projects in 18 states to improve electric service to business and residential consumers in rural areas. The $540 million in loan guarantees to fund these projects are made available through the U.S. Department of Agriculture’s (USDA) rural utilities program. They include more than $35 million for smart grid projects to improve rural electric system communications technology.
 
“Electric reliability is a critical component of the success of our rural economy. Today’s loans will help continue to ensure the safety, reliability and affordability of electric service in rural areas,” Mr. Vilsack said. “This funding is part of the Obama Administration’s vision for a new rural energy economy. Investments in smart grid technologies help rural electric cooperatives improve system operations to meet the needs of rural customers.”
 
“Electric cooperatives provide a vital service to rural Texas communities,” said Paco Valentin, USDA Rural Development Texas State Director. “USDA Rural Development is pleased to announce funding awarded to several cooperatives to improve the efficiency of essential and affordable services to rural homeowners, farms and businesses.”
 
In Texas, Rural Development will finance $45 million in loan guarantees to build or improve over 600 miles of line and includes financing for more than $7.3 million in smart grid technologies. Specifically those projects funded in Texas include:
 
Heart of Texas Electric Cooperative, Inc. – $15 million. Funds will be used to serve 2,300 customers, build or improve 447 miles of line and make other system improvements. The loan includes $4.1 million for smart grid projects.
 
 
 
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