Rural coops sharing $334 million for generation, transmission and smart grid projects

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In March we told you about $201 million in USDA loans to rural coops in eight states. Continuing its efforts to improve rural electric infrastructure, USDA Secretary Tom Vilsack just announced another $334 million in loans to rural cooperatives, this time spread over 10 states. The bulk of the money will go to improve generation and transmission facilities, but nearly $20 million was designated for smart grid technologies.

 

"These investments enable consumers and businesses to better manage their use of electricity and help maintain affordable rates," Vilsack said. "Building transmission infrastructure that employs smart grid technologies will make it easier to add renewable sources of electricity into the grid and also improve reliability."

 

Below and on page 2 are the coops and what they intend to do with the money, assuming they meet the terms of the loan agreement:

 

Georgia: Jackson Electric Membership Corporation – $102,800,000. Funding will be used to serve 8,656 consumers, build and improve 855 miles of distribution line, and make other system improvements. The loan includes $7,218,525 in smart grid projects.

Nebraska: Panhandle Rural Electric Membership Association – $7,839,000. Funding will be used to serve 113 consumers, build and improve 49 miles of distribution line, and make other system improvements. The loan amount includes $1,823,200 in smart grid projects.

 

North Carolina: North Carolina Electric Membership Corporation – $33,822,000. Funding will be used to finance capital improvements at the Catawba nuclear Station Units 1 and 2.

 

Oklahoma: Southeastern Electric Cooperative, Inc. – $4,787,000. Funding will be used to build and improve 26 miles of distribution line and make other system improvements.

 

 Virginia: Northern Neck Electric Cooperative – $14,337,000. Funds will be used to build and improve 88 miles of distribution line and make other system improvements. The loan includes $1.1 million for smart grid projects.

 

 Washington: Public Utility District No. 1 of Jefferson County – $115,507,000. Funding will be used to build and improve 825 miles of distribution line and make other system improvements. The loan amount includes $99,000 in smart grid projects.

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