USDA Announces Funding for Projects to Strengthen the Rural Electric Grid's Efficiency and Reliability
July 17, 2013
Agriculture Secretary Tom Vilsack announced funding for rural electric projects in seven states to provide reliable, affordable electricity for rural residents.
USDA remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today's announcement is one part of the Department's efforts to strengthen the rural economy. The announcement includes more than $188 million in loan guarantees to upgrade rural electric infrastructure, including more than $18 million in smart grid funding. The funding announced today will help finance the construction of more than 1,000 miles of new or improved electric line.
USDA Announces Funding for Projects to Strengthen the Rural Electric Grid's Efficiency and Reliability