US invests $485 M in rural electric infrastructure

US, Washington, D.C.: Joel Baxley, Acting Assistant to the Secretary for Rural Development, announced on Monday that the USDA is investing $485 M to upgrade rural electric systems and reduce energy costs.

The funding includes nearly $7.1 M for smart grid technologies that improve system operations and monitor grid security.

USDA is providing financing through the Electric Loan Program to improve rural electric infrastructure in Georgia, Illinois, Iowa, Michigan, Minnesota, Mississippi, Missouri, New Mexico, North Carolina, North Dakota, South Dakota, Texas and Wisconsin. These investments will help build or improve 4,240 km (2,635 miles) of lines.

The loan includes investment in technologies such as incorporated smart grid technologies, computer applications, two-way machine-to-machine communications, geospatial information systems, financing of electric distribution and transmission facilities.

Source: Upper Michigans Source