USDA Announces New Loans for Electric Cooperatives

On August 6, 2018, the U.S. Department of Agriculture (USDA) announced that 19 electric cooperatives will receive a total of nearly $350 million in a new round of loans for infrastructure improvements, new power lines, and smart grid technologies. The loans are being made through the USDA’s Electric Infrastructure Loan and Loan Guarantee program which helps finance generation, transmission, and distribution projects; system improvements; and energy conservation projects in communities with fewer than 10,000 residents.

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