Secretary of Agriculture Sonny Perdue announced Friday that USDA is investing $2.5 billion in rural electric infrastructure improvements to help create jobs and support economic development in 27 states.
The funding will support infrastructure improvements in Alaska, Alabama, Arkansas, California, Florida, Georgia, Hawaii, Idaho, Kentucky, Louisiana, Maine, Minnesota, Missouri, Mississippi, North Carolina, North Dakota, New Mexico, New York, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, Wisconsin and Wyoming. The loans are being provided through USDA Rural Development’s Electric Program, which is the successor to the Rural Electrification Administration.
In Kentucky, Farmers RECC will receive a loan of over $19 million to build 140 miles, improve 83 miles of line and make other system improvements. The loan includes $373,500 for smart grid projects.
Pennyrile RECC will receive a $35.4 million loan to build 139 miles, improve 100 miles of line and make other system improvements. The loan includes $545,400 for smart grid projects.
Cumberland EMC will receive a $30 million to build 119 miles of line and make other system improvements.
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19 December 2018
20 December 2018