USDA Invests $2.5 Billion in Rural Electric Infrastructure

The Department of Agriculture Thursday announced $2.5 billion in rural development loans for rural electric infrastructure improvements in 27 states. Agriculture Secretary Sonny Perdue says the investments will help “develop and maintain modern, reliable electric infrastructure” for rural communities. The National Rural Electric Cooperative Association says the investment is “critical to co-ops’ ability to maintain, expand and improve rural electric infrastructure.” One of the largest awards within the announcement goes to a Florida electric cooperative to build 297 miles of electric lines and improve 66 miles of electric lines for $130 million. The loans announced Thursday also include $127 million for smart grid projects. For more information and state-specific projects, visit www.rd.usda.gov.