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Rural Electric Infrastructure Loans Include $7 Million for Smart Grid

Randy Sukow Apr 9, 2019

The Agriculture Department today announced the electric cooperatives it has selected to  receive a total of $485.5 million in loans through its Electric Loan Program. Out of that total, $7.1 million is earmarked for various smart grid projects. Eight out of 10 cooperatives on the list of awardees are NRTC members:

Little Ocmulgee Electric Membership Corp.

Alamo, GA

$14,103,000

BENCO Electric Cooperative

Mankato, MN

$25,000,000

Central Electric Power Cooperative

Sedalia, MO

$72,153,000

Cooperative Energy

Hattiesburg, MS

$148,885,000

Albemarle Electric Membership Corp,

Hertford, NC

$15,000,000

Northern Electric Cooperative Inc.

Bath, SD

$24,825,000

Heart of Texas Electric Cooperative Inc.

McGregor, TX

$31,254,000

Dairyland Power Cooperative

La Crosse, WI

$84,760,000

 

Among the co-ops investing in smart grid systems are BENCO Electric, with “$2.7 million in technologies to increase electric system efficiencies and grid security,” USDA said. Heart of Texas is applying $1.23 of its loan to smart grid systems and Little Ocmulgee Electric is investing $357,000. The $351,000 Northern Electric is investing in smart grid will go toward projects in both North and South Dakota, USDA said.

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