Funding helps bring Smart Grid technology to the nation’s rural electric infrastructure including Springer Electric Cooperative in Northeast New Mexico
WASHINGTON, Sept. 9, 2014 – Agriculture Secretary Tom Vilsack today announced that USDA is investing more than $518 million in rural electric cooperatives to improve the delivery of electric power to communities in 15 states. This funding is part of nearly $50 billion that USDA has invested in infrastructure improvements since 2009.
“We must invest in America’s infrastructure to promote sustainable economic development in our rural and urban communities,” Vilsack said during a White House summit on infrastructure financing. “Enhancements to the nation’s electric grid make a huge difference for communities across the country and support President Obama’s efforts to build a stronger rural economy.”
More than $23 million in today’s funding is targeted for smart grid improvements, which better manage and increase efficiencies in our nation’s electric system. Smart grid technologies, such as automated meter reading and load management automation, allow for more efficient control over the use of power to better meet customers’ needs. USDA has a long history, dating back to 1935, of working with rural utilities to deliver infrastructure and service improvements. Through the years, these investments have brought new economic and social opportunities and have enhanced the quality of life in the nation’s rural communities.
The investments announced today are provided through USDA’s Rural Utilities Service (RUS), which also administers infrastructure programs that bring broadband, safe drinking water and improved wastewater treatment facilities to rural communities.
Today’s loan guarantees for electric systems will build or improve more than 5,600 miles of line in rural areas. For example, in New Mexico, a $14.1 million loan will fund a 1 MW photovoltaic facility, 74 miles of line, and make other system improvements. The loan includes $518,400 for smart grid projects and $3.4 million for the renewable project.
Upon hearing the approval for the funding to Springer Electric Cooperative, USDA Rural Development State Director Terry Brunner said, “I am pleased Rural Development was able to provide this loan to assist Springer Electric Cooperative in utilizing New Mexico’s abundant solar resource to provide clean power to the grid and to become more energy efficient through smart grid technology.” Brunner added, “When you think about it these types of investments make good sense because they ultimately create good jobs while at the same time making our nation more energy independent.”
