Agriculture Secretary Sonny Perdue today announced that the U.S. Department of Agriculture is investing $345.5 million in 20 infrastructure projects to improve rural electric service in 14 states. “Delivering reliable and affordable electricity to power rural America will help lay the groundwork for increased rural prosperity and economic opportunity,” Secretary Perdue said. “USDA is partnering with rural electric utilities and cooperatives so they can continue to invest in infrastructure improvements to provide electric power to those who live and work in rural areas.” Read the entire news release here.
Electric Infrastructure Loan Program finances generation, transmission and distribution projects; system improvements; and energy-conservation programs in rural areas.
Who may apply for this program?
Most retail or power supply providers serving qualified rural areas, including:
- State and local governmental entities
- Federally-recognized Tribes
- Nonprofits including cooperatives and limited dividend or mutual associations
- For-profit businesses (must be a corporation or limited liability company)