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WASHINGTON, August 9, 2012 – Agriculture Secretary Tom Vilsack today announced that rural electric utilities in 18 states will receive loan guarantees to make improvements to electric lines, transmission facilities and to reduce peak electric loads by deploying smart grid technologies. USDA Rural Utilities Administrator Jonathan Adelstein made the announcement on Vilsack's behalf while visiting the offices of one of the recipients, Southside Electric Cooperative (SEC) in Crewe, Virginia. The cooperative is using funds to build and improve a distribution line, transmission line, and will invest almost $7.4 million for smart grid system enhancements. In all, service will be upgraded for about 1,500 SEC members.
"Maintaining and upgrading rural electric systems improves system reliability, creates jobs and supports economic development," Vilsack said. "With these loans, we are continuing to help cooperatives provide reliable service to rural residents. A significant portion of this funding will go to smart grid technologies, helping consumers lower their electric bills and reducing peak demand for producers."
With this funding, USDA Rural Development moves closer to reaching Secretary Vilsack's goal to fund more than $250 million for smart grid technologies. Today's announcement includes support for nearly $29 million in smart grid projects. In all, USDA is investing more than $420 million in rural electric infrastructure.
The following is a list of rural utilities that will receive USDA funding, which is contingent upon the recipient meeting the terms of the loan agreement.
Idaho/Oregon/Washington
- Clearwater Power Company -- $13,524,000. Funds will vey used to serve about 500 consumers, build and improve 132 miles of distribution line and 5 miles of transmission line, and make other system improvements.
Indiana
- Whitewater Valley Rural Electric Membership Corporation – $12,000,000. Funds will be used to serve 240 consumers, build and improve 121 miles of distribution line, and make other system improvements. The loan includes $519,405 in smart grid projects.
Kansas
- Leavenworth-Jefferson Electric Cooperative, Inc. – $7,580,000. Funds will be used to serve 375 consumers, build and improve 100 miles of distribution line, and make other system improvements. The loan amount includes $104,028 in smart grid projects.
Kentucky
- Pennyrile Rural Electric Cooperative Corporation – $22,894,000. Funds will be used to serve about 2,800 customers, build and improve 248 miles of distribution and make other system improvements. The loan amount includes $232,800 in smart grid projects.
- Warren Rural Electric Cooperative Corporation – $13,000,000. Funds will be used to serve about 3,300 consumers, build and improve 216 miles of distribution line, and make other system improvements.
Minnesota
- Lake Region Electric Cooperative – $27,151,000. Funds will be used to serve about 1,300 consumers, build and improve 151 miles of distribution line, and make other system improvements. The loan amount includes $3,297,855 in smart grid projects.
Mississippi
- Coast Electric Power Association – $51,766,000. Funds will be used to serve 9,240 consumers, build and improve 246 miles of distribution line, and make other system improvements. The loan amount includes $128,000 in smart grid projects.
North Carolina
- Central Electric Membership Corporation – $22,000,000. Funds will be used to serve about 2,800 consumers, build and improve 102 miles of distribution line, and make other system improvements. The loan amount includes $278,800 in smart grid projects.
New York
- Steuben Rural Electric Cooperative, Inc. – $9,362,000. Funds will be used to serve 318 consumers, build and improve 121 miles of distribution line, and make other system improvements. The loan amount includes $706,050 in smart grid projects.
Oklahoma
- Northwestern Electric Cooperative, Inc. – $18,306,000. Funds will be used to serve 912 customers, build and improve 134 miles of distribution line, and make other system improvements. The loan amount includes $843,400 in smart grid projects.
South Carolina
- Central Electric Power Cooperative, Inc. – $44,347,000. Funds will be used to build 77 miles of new transmission line.
South Dakota/Minnesota
- East River Electric Power Cooperative, Inc. – $62,207,000. Funds will be used to build 44 miles of transmission line, three new substations, and make other system improvements. The loan amount includes $3,951,000 in smart grid projects.
South Dakota/Iowa/Minnesota
- Sioux Valley – Southwestern Electric Cooperative, Inc – $39,098,000. Funds will be used to serve over 1,400 consumers, build and improve 618 miles of distribution line, and make other system improvements. The loan amount includes $3,585,806 in smart grid projects.
South Dakota/Montana/North Dakota
- Grand Electric Cooperative, Inc. –$14,164,000. Funds will be used to serve 153 consumers, build and improve 185 miles of distribution line and 1 mile of transmission line and make other system improvements. The loan amount includes $1,480,903 in smart grid projects.
Texas
- Comanche County Electric Cooperative Association – $18,469,000. Funds will be used to serve 1,068 customers, build and improve 143 miles of distribution line, and make other system improvements. The loan amount includes $6,551,790 in smart grid projects.
Virginia
- Southside Electric Cooperative – $44,881,000. Funds will be used to serve 1,460 customers, build and improve over 700 miles of distribution line and 9 miles of transmission line, and make other system improvements. The loan amount includes $7,352,881 in smart grid projects.
Funding is provided by USDA Rural Development's Rural Utilities Service (RUS). The loans help electric utilities upgrade, expand, maintain and replace rural America's electric infrastructure. USDA Rural Development also supports energy conservation and renewable energy projects.
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy and strengthening small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $170 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
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