INDIANAPOLIS – U.S. Department of Agriculture (USDA) State Director Michael Dora has announced that Southeastern Indiana Rural Electric Membership Corporation will receive $15 million from USDA Rural Development to finance smart grid technologies that improve system operations and monitor grid security.
“USDA is committed to being an effective partner to rural communities in building, expanding and modernizing electric infrastructure,” said Dora. “This investment will be used to assist 796 customers and build and improve 107 miles of line.” The loan includes $2.6 million for smart grid technologies. Southeastern serves approximately 27,000 customers over 3,225 miles of line in Dearborn, Franklin, Jefferson, Jennings, Ohio, Ripley and Switzerland counties.
Today’s announcement is part of a larger statement from USDA Deputy Under Secretary of Rural Development Donald “DJ” LaVoy in which he announced USDA is investing $251 million to upgrade rural electric systems in 13 states.
USDA is providing financing through the Electric Loan Program for 12 projects that will serve rural areas in Colorado, Georgia, Indiana, Kentucky, Maine, Maryland, Minnesota, Nebraska, North Carolina, North Dakota, Virginia, Wisconsin and Wyoming. The funding will help build and improve 1,971 miles of line to improve electric reliability in rural areas.
USDA will make additional funding announcements in coming weeks. USDA had $5.5 billion available for Electric Program loans in fiscal year 2019.
In April 2017, President Donald J. Trump established the Interagency Task Force on Agriculture and Rural Prosperity to identify legislative, regulatory and policy changes that could promote agriculture and prosperity in rural communities. In January 2018, Secretary Perdue presented the Task Force’s findings to President Trump. These findings included 31 recommendations to align the federal government with state, local and tribal governments to take advantage of opportunities that exist in rural America. Increasing investments in rural infrastructure is a key recommendation of the task force.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas.
For more information, visit www.rd.usda.gov.
Information provided by USDA